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Barclays set to launch limited edition mortgage range

by: Samantha Partington
  • 01/10/2014
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Barclays set to launch limited edition mortgage range
Barclays has launched a limited edition mortgage range which includes a loan-to-value extension of its 1.94% two-year fixed rate from 60% to 75% LTV, from October 2.

For customers who are looking to borrow up to 80% LTV a two-year fixed rate of 2.33% is available.

Longer-tem fixed rates will also receive an LTV boost. The five-year fix available at 2.99% will be extended from 60% LTV up to 70% LTV.

At 75% and 80% LTV Barclays will reduce its five-year fixed rates to 3.09% and 3.49% respectively.

Borrowers looking for tracker mortgages can access rates of 1.49% at 75% LTV and 1.99% at 75% LTV, both without early repayment charges.

While the new products are available for first-time buyers, homemovers and purchases
the bank said it expects the products to have the biggest impact on the remortgage market.

Andy Gray (pictured), managing director of mortgages for Barclays, said: “We are anticipating that our sixth straight rate reduction, offering some of the lowest rates available on the market, will be extremely popular.

“We expect demand for these limited edition products to be very strong so we encourage customers to move quickly and consider how they could personally benefit from these new highly competitive deals by seeking the right mortgage advice.”

A spokeswoman for Barclays said no end date has been decided for the product changes.

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