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Barclays introduces BTL product and cuts rates

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  • 25/04/2019
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Barclays introduces BTL product and cuts rates
Barclays has cut its rates and added a new product within its buy-to-let core and reward ranges.

 

The bank has introduced a 60 per cent LTV two-year fixed product at 2.28 per cent for purchases only.

Its maximum loan is £1m, with £500 cashback and no fee.

The lender has cut its 60 per cent LTV two-year fixed product to 1.47 per cent from 1.52 per cent, and a 60 per cent LTV five-year fixed product to 2.29 per cent from 2.36 per cent.

Both provide a maximum loan value of £1m.

Product changes also include a 60 per cent LTV two-year fixed rate reduction to 1.67 per cent from 1.72 per cent, as well as a 60 per cent LTV five-year fixed product to 2.23 per cent from 2.28 per cent.

They are both for portfolio landlords, including a £1,795 fee, and have a maximum loan value of £1m.

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