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Barclays adds 90 per cent LTV deals and overhauls cashback

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  • 06/01/2021
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Barclays adds 90 per cent LTV deals and overhauls cashback
Barclays is launching two 90 per cent loan to value (LTV) mortgages to its range from tomorrow and amending its remortgage cashback facilities.

 

The two-year 90 per cent LTV fixes will be available for purchasing customers only, with the £999 fee-paying product at a rate of 3.55 per cent and the fee-free option at 3.75 per cent.  

The 90 per cent LTV mortgages will be opened to next-time buyers and continue to be eligible on new-build homes. The mortgages will be available for loan amounts between £5,000 to £500,000. 

These products will sit alongside Barclays’ existing five-year fixes at 90 per cent LTV which were launched last month as part of its return to the low-deposit market.

The bank has also cut the rate of its two-year fixed purchase and remortgage product at 75 per cent LTV to 1.44 per cent. 

Barclays is also standardising the cashback available across its residential remortgage range, with a £250 option available being added to the switch and save own solicitor products.

At present Barclays offers between £500 and £800 cashback on the Great Escape and own solicitor products in the remortgage range.

 

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