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Barclays to reduce mortgage rates at 90% LTV

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  • 03/11/2014
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Barclays will cut mortgage interest rates for first-time buyers and those with smaller deposits on its fixed rate, 90% Loan to Value mortgage range.

From tomorrow (Tuesday 4th November), the lender will offer a two-year fixed rate at 3.68%, a three-year fix at 3.99% and a five-year fixed rate at 4.38%.

In addition, Barclays is updating the rate on its two year fixed 95% LTV Help to Buy product from 4.99% to 5.19% with no application fee.

On 20 October, the lender began offering some of its lowest ever loans at 60% Loan To Value (LTV), including a ten-year fixed rate at 3.49% after plummeting swap rates.

Barclays also offers Track It, which is a free and fully secure digital service used by 79% of Barclays’ customers, which allows customers to track their mortgage application and/or redemption as it progresses. The service also offers accompanying alerts for mortgage advisers and intermediaries at key events throughout the mortgage process.

 

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