Barclays
The rates, that launch on 17 September, will include reductions by as much as 0.14 per cent across selected two-, three- and five-year fixed rates as well as reductions to products within its existing customer reward range.
Examples available for residential purchase and remortgage include:
- a five-year fix with a £999 product fee available for loans of £5,000 to £2m at up to 60 per cent loan to value (LTV), reduced from 1.64 per cent to 1.58 per cent;
- a five-year fix with a £999 product fee available for loans of £5,000 to £2m at up to 75 per cent LTV reduced from 1.68 per cent to 1.63 per cent;
- a five-year fix with a £999 product fee available for loans of £5,000 to £1m on a maximum 80 per cent LTV, reduced from 1.90 per cent to 1.83 per cent.
The bank will also introduce a two-year fixed residential remortage product at 1.35 per cent on a 75 per cent LTV with its switch and save £200 cashback offer. It comes with a £999 product fee with a minimum loan of £5,000 up to a maximum loan of £2m .
Foundation Home Loans
In addition to new market products, specialist lender Foundation Home Loans has launched two new five-year buy-to-let fixed-rate products as well as a series of rate cuts across other products in its range.
The two new buy-to-let products include a large loan, five-year fixed rate mortgage priced at 3.34 per cent up to 65 per cent LTV until 31 January 2025 with a maximum loan size of £1.5m.
The product comes with a 0.5 per cent product fee and a rental income calculation of 145 per cent at payrate for individuals and 125 per cent at payrate for limited companies.
This product is available as part of Foundation’s Tier 1 product range, which is available to those borrowers with a near-perfect credit record, and can be accessed by limited companies, individuals, first-time landlords, non-portfolio and portfolio landlords.
There is also a further five-year fixed-rate buy-to-let (BTL) mortgage available at 3.49 per cent up to 65 per cent LTV until 31 January 2025 with a maximum loan size of £1m. It comes with a fixed product fee of £1,995 and a rental calculation of 145 per cent at payrate for individuals and 125 per cent for limited companies.
Foundation also offers a 3.64 per cent option, available up to 75 per cent LTV with a maximum loan size of £750,000.
These two products are available as part of Foundation’s Tier 2 product range, which is available to those borrowers with less than perfect credit or are looking to finance a more specialist property type, and can be accessed by limited companies, individuals, first-time landlords, non-portfolio and portfolio landlords.
