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.”