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Barclays reduces Help to Buy but ups two-year fixed range

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  • 20/02/2014
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Barclays reduces Help to Buy but ups two-year fixed range
Barclays has cut its Help to Buy three-year fixed rate from 5.35% to 4.99% at 95% loan-to-value while increasing rates across its residential and buy-to-let two-year fixed rates.

The rate rises include a 0.10% increase on the residential 90% LTV product taking it to 4.49% and 0.10% increase on its 75% buy-to-let product taking it to 3.49%.

The lender has introduced two tracker products at 65% LTV and a two-year offset product at 80% LTV for homebuyers and remortgage customers.

The three-year tracker is 1.65% and the five year tracker is 3.35%.

Both products carry a fee of £1,999 with a minimum loan size of £500,000.

The two-year offset product has a rate of base rate plus 2.79% giving it a variable rate of 3.29% with a fee of £1,499 with a minimum loan size of £5,000.

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