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Barclays overhauls residential and BTL products

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  • 02/08/2017
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Barclays overhauls residential and BTL products
Barclays is introducing more than 40 new mortgage products and making changes to more than 30 existing deals.

The overhaul, which will take effect on 3 August, is affecting residential and buy-to-let ranges, across a variety of purchase and remortgage products, including fixed-rate and tracker loans.

Key changes include:

  • A 0.99% (Barclays Bank Base Rate +0.74%) two-year tracker available at 60% LTV for loans up to £2m;
  • A new residential three-year fixed-rate range with fee and fee-free options;
  • A new buy-to-let two-year fixed rate range with a percentage fee, designed for smaller loan balances.

Barclays Mortgages director Craig Calder said: “We believe the changes we are making will continue to provide you with a comprehensive range of competitive products to help service a wide range of clients with diverse mortgage needs.”

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