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Barclays cuts rates on resi, BTL and reward products

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  • 06/06/2019
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Barclays cuts rates on resi, BTL and reward products
Barclays Bank has reduced its rates across a number of residential, buy-to-let (BTL) and reward products.

 

The bank has cut its residential five-year fixed rates to 1.79 per cent from 1.81 per cent and to 1.88 per cent from 1.96 per cent, at up to 60 and 75 per cent loan to value (LTV) respectively.

They both provide a maximum loan of £1m, with £999 product fees.

Within the residential range, the bank has also cut its two-year fixed product at 75 per cent LTV to 1.52 per cent from 1.57 per cent, as well as its 85 per cent LTV five-year fix to 2.06 per cent from 2.08 per cent.

They both provide a £999 fee with a maximum loan value standing at £1m, available for purchases and remortgages.

 

Buy to Let

Within the BTL range, its two-year fixed rates have been cut starting at 1.68 per cent up to 75 per cent LTV with a £1,795 fee or 2.47 per cent fee-free.

Five-year fixed buy-to-let rates have been cut to 2.04 per cent at 60 per cent LTV with a £1,795 fee, and five-year fixed rates start at 2.35 per cent up to 75 per cent LTV with a product fee, or 2.73 per cent with no fee.

Furthermore, the 75 per cent LTV two-year fix has been cut from 1.77 per cent to 1.68 per cent with a maximum loan value of £1m.

The lender has also increased the cashback option for its Great Escape products from £300 to £400.

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