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Barclays cuts rates on high LTV deals

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  • 29/10/2020
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Barclays cuts rates on high LTV deals
Barclays has reduced rates on products up to 85 per cent loan to value (LTV) mortgages, effective from tomorrow.

 

New rates include its five-year fixed, fee-free residential purchase product at 85 per cent LTV which has been reduced to 3.3 per cent from 3.19 per cent. 

For purchases and remortgages, the rate for the two-year fixed at 75 per cent LTV has gone down to 1.57 per cent from 1.79 per cent while the equivalent at 85 per cent LTV, has been reduced by nine basis points (bps) to 2.83 per cent. 

A five-year fixed at 60 per cent LTV has been reduced by 19 bps to 1.43 per cent, and at 75 per cent LTV a five-year fixed product has been cut to 1.7 per cent from 1.89 per cent. 

All these products have fees of £999. 

Its reward mortgage range, available exclusively to existing borrowers, have seen reductions on two and five-year fixed products at 60 and 75 per cent LTV by as much as 22 bps. 

For existing products, brokers have until today to generate a mortgage information sheet dated 29 October to submit an application. 

Product transfer applications for the withdrawn reward range must be submitted by tomorrow. 

 

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