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Barclays adds green BTL products and Skipton ups max BTL loan ‒ roundup

  • 20/01/2022
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Barclays adds green BTL products and Skipton ups max BTL loan ‒ roundup
Barclays has brought out a green home buy-to-let (BTL) mortgage range for new and existing landlords that gives lower interest rates for those who buy energy efficient new builds.

The products are available for new-build purchases that have an energy efficiency rating of 81 or above, or are in energy performance certificate (EPC) bands A or B.

It includes a two-year fixed rate at 1.64 per cent at 75 per cent loan to value (LTV), and a five-year fix at the same tier with a rate of 1.87 per cent. Both come with a £1,295 fee.

The product offers a 10-basis point discount for customers, meaning they can save up to £1,250 on a BTL mortgage of £250,000 over the five-year fixed term, or £500 on a £250,000 two-year fixed mortgage.

Lee Chiswell, head of Barclays mortgages, said: “Barclays was the first major UK lender to launch a green home mortgage in 2018, and we are pleased to be launching our green home buy-to-let mortgages, offering rate discounts to customers who are looking to purchase an energy efficient new build home to let, and rewarding them for making greener choices.

“We will continue to explore pioneering green products that meet the demands of our customers, to help them navigate the transition to a low-carbon economy and to encourage innovation in the lending sector.”

Since it launched its green home mortgage, Barclays has helped 4,000 customers to purchase a property with an A or B EPC rating by offering them a lower interest rate.


Skipton BS ups BTL max loan limit

Skipton Building Society has increased the maximum loan amount for BTL loans from £1m to £1.5m.

The mutual said the increase will allow brokers to help more clients and the change comes into effect from 17 January.

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