You are here: Home - News -

Barclays adds high LTV deals and cuts BTL rates

by:
  • 09/11/2020
  • 0
Barclays adds high LTV deals and cuts BTL rates
Barclays is adding four high loan to value (LTV) mortgage products as part of an update of its deals which includes rate cuts for low LTV and buy-to-let products.

 

The lender is introducing four 85 per cent LTV residential products – two for purchase and remortgage, one for purchase only and one for remortgage only.

The purchase product is a two-year fix with zero fee at 3.13 per cent.

The purchase and remortgage deals are a three-year fix at 2.94 per cent with a five-year version at 2.95 per cent – both have a £999 fee.

Meanwhile, the remortgage deal is a two-year fix with zero fee at 3.22 per cent with minimum loan of £50,000 and maximum of £2m.

Barclays has also cut rates on its existing 60 per cent LTV two-year fixed residential purchase and remortgage products by up to 18 basis points.

The largest cut is being applied to its fee-free purchase product which is falling from 1.95 per cent to 1.77 per cent.

Barclays is also introducing a pair of products for large loans at up to 60 per cent LTV between £2m and £10m in value.

Both have a £1,999 fee, with the two-year at 1.28 per cent and the five-year version at 1.43 per cent.

 

Buy to let

Buy-to-let rates are also being cut on 14 products by up to 35 basis points among purchase and remortgage deals.

The largest cut is being made to its five-year fix for large loans between £1m and £2m in value at up to 60 per cent LTV with a £2,495 fee, which is being reduced to 2.1 per cent.

Meanwhile, for standard loans between £35,000 and £1m, the two-year fix at up to 60 per cent LTV with no fee is falling from 2.39 per cent to 2.15 per cent.

 

 

There are 0 Comment(s)

You may also be interested in

Read previous post:
Scales offsetting weights and coins
Second lockdown will keep lender resource focused on payment deferrals – Hunt

While this second England lockdown is a national approach, there are some notable differences from the first one in the...

Close