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.
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS