Barclays launches fee-free FTB and BTL range

Barclays is launching a new range of fee-free products across all LTV tiers up to 90% to support first time buyers or those looking to take their next step on the property ladder.

Related topics:  Mortgages
Rozi Jones
10th June 2015
Barclays branch

The fee free products are available on 2 and 5 year fixed rates and tracker purchase only residential mortgages, and on the 2 and 5 year fixed rate Buy To Let products.

Two year fee-free options are available up to 90% LTV, while five year fee-free options are available at 60% 75% and 80% LTV.

Two year tracker rates are available at 75% and 80% LTV.

Help To Buy2 two year fixed rates have also been reduced to 4.25% at 95% LTV

All mortgages in the fee-free range have no application or product fees on property purchases up to £1m – with exception of the 2 year fixed rate at 90% LTV which has a maximum of £500,000, and the Help To Buy2 scheme which has a maximum £570,000 limit.

Barclays has also extended the fee-free offering to its Buy To Let range for its 2 and 5 year fixed rates at 3.69% and 4.49%, both at 75% LTV.

Andy Gray, managing director of mortgages for Barclays, said:

“We are giving new homeowners, and those to take their next step on the property ladder, a range of extremely competitive fee-free rates.

“This is another great example of helping more customers to achieve savings when buying a first home or remortgaging.

“The Buy To Let mortgage market has continued to grow over recent years and is fiercely competitive.We expect the new fee free 2 and 5 year Buy To Let ratesto be warmly welcomed by landlords as we help to save them money, making an investment even more affordable.”

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