Barclays has reduced rates as it targets first-time buyers through substantial cuts to high loan-to-value (LTV) products.
Barclays has introduced big changes for anyone who holds a mortgage. Barclays has reduced rates as it targets first-time buyers through substantial cuts to high loan-to-value (LTV) products.
The lender’s two-year fixed rate at 80 per cent loan-to-value has been cut from 4.05 per cent to 3.98 per cent for mortgages with an £899 product fee. The five-year fixed rate at 95 per cent loan-to-value has been slashed from 4.87 per cent to 4.80 per cent with no product fee.
Two-year fixed mortgages at 90 per cent loan-to-value have been slashed from 4.34 per cent to 4.28 per cent with an £899 fee. The fee-free option has also been reduced, the high street bank has announced, moving from 4.53 per cent to 4.48 per cent.
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Premier customers have seen reductions on 90 per cent loan-to-value products, with rates from 4.33 per cent to 4.27 per cent.
Three-year fixed mortgages at the same loan-to-value have been cut from 4.64 per cent to 4.58 per cent.
Residential – Purchase only
- 4.22 per cent 2 Yr Fixed £899 product fee, 85 per cent LTV, Min loan £5k, Max loan £2m will decrease to 4.12 per cent
- 4.63 per cent 2 Yr Fixed £0 product fee, 85 per cent LTV, Min loan £5k, Max loan £2m will decrease to 4.43 per cent
- 5.05 per cent 2 Yr Fixed £0 product fee, 95 per cent LTV, Min loan £25k, Max loan £570k will decrease to 4.88 per cent
- 4.75 per cent 2 Yr Fixed £1999 product fee, 85 per cent LTV, Min loan £2m, Max loan £5m will decrease to 4.39 per cent
- 4.29 per cent 5 Yr Fixed £899 product fee, 85 per cent LTV, Min loan £5k, Max loan £2m will decrease to 4.12 per cent
- 4.37 per cent 5 Yr Fixed £0 product fee, 85 per cent LTV, Min loan £5k, Max loan £2m will decrease to 4.23 per cent
- 4.99 per cent 5 Yr Fixed £0 product fee, 95 per cent LTV, Min loan £25k, Max loan £570k will decrease to 4.80 per cent
- 4.60 per cent 5 Yr Fixed £1999 product fee, 85 per cent LTV, Min loan £2m, Max loan £5m will decrease to 4.20 per cent
- 4.12 per cent Green Home 2 Yr Fixed £899 product fee, 85 per cent LTV, Min loan £5k, Max loan £2m will decrease to 4.02 per cent
- 4.19 per cent Green Home 5 Yr Fixed £899 product fee, 85 per cent LTV, Min loan £5k, Max loan £2m will decrease to 4.02 per cent
Residential – Remortgage only
- 4.75 per cent 2 Yr Fixed £999 product fee, 85 per cent LTV, Min loan £5k, Max loan £2m will decrease to 4.39 per cent
- 4.60 per cent 5 Yr Fixed £999 product fee, 85 per cent LTV, Min loan £5k, Max loan £2m will decrease to 4.20 per cent
- 4.70 per cent Great Escape™ 5 Yr Fixed £0 product fee, 85 per cent LTV, Min loan £50k, Max loan £2m will decrease to 4.40 per cent
Residential – Purchase and Remortgage
- 3.97 per cent 2 Yr Fixed £1999 product fee, 70 per cent LTV, Min loan £2m, Max loan £10m will decrease to 3.94 per cent
- 4.07 per cent 2 Yr Fixed £1999 product fee, 75 per cent LTV, Min loan £2m, Max loan £5m will decrease to 4.01 per cent
Existing Customer Reward Range
- 4.47 per cent EMC Reward 2 Yr Fixed £999 product fee, 85 per cent LTV, Min loan £1k, Max loan £2m will decrease to 4.39 per cent
- 4.31 per cent EMC Reward 5 Yr Fixed £999 product fee, 85 per cent LTV, Min loan £1k, Max loan £2m will decrease to 4.20 per cent
- 4.48 per cent EMC Reward 5 Yr Fixed £0 product fee, 85 per cent LTV, Min loan £1k, Max loan £2m will decrease to 4.40 per cent