You are here: Home - News -

Barclays rate cuts level five and two-year deals at 90 per cent LTV

by:
  • 13/01/2021
  • 0
Barclays rate cuts level five and two-year deals at 90 per cent LTV
Barclays has made a series of rate cuts on purchase, remortgage and reward products of up to 18 basis points (bps) effective from tomorrow.

 

The lender is now charging the same for five-year fixes in its purchase range at 90 per cent LTV as it is for two-year equivalents.

Cuts to its 90 per cent LTV purchase range include the two-year fix with a £999 fee which has been reduced to 3.48 per cent from 3.55 per cent. Meanwhile, the fee-free alternative has gone down to 3.72 per cent from 3.75 per cent. 

For 90 per cent LTV borrowers fixing for five years, the £999 fee mortgage has been reduced to 3.48 per cent from 3.65 per cent and the fee-free option is now 3.72 per cent from 3.75 per cent. 

Barclays said the reduction to its five-year fee paying deal made it comparable to two-year fixes available on the market. 

Across its purchase products up from 60 to 85 per cent loan to value (LTV), there have been reductions on two and five-year fixed deals by as much as 0.18 per cent. 

For remortgaging borrowers, the five-year fixed at 85 per cent LTV with a £999 fee is now 2.71 per cent, down from 2.82 per cent. 

For its great escape range which is offered to customers who switch to Barclays from another lender, the two-year fix at 75 per cent LTV with no fee has been cut to 1.88 per cent from 2.08 per cent.

The five-year fixed version of this deal has been reduced by 10 bps to 1.69 per cent. 

 

There are 0 Comment(s)

You may also be interested in

Read previous post:
Colourful mobile software image
Mortgage tech tools to boost first-time buyer savings unveiled

First-time buyers and homemovers saving for a deposit or searching for the best deal can take advantage of two new...

Close