From tomorrow, Barclays will also introduce a selection of new residential mortgage products and reduce rates on a further thirteen mortgage products.
In addition to the recent announcement that Barclays will be supporting the new Help To Buy London scheme that will launch on 01 February, Barclays has improved its Help to Buy mortgage range with 2 & 5 year fixed rates and 2 year trackers available from 1.85% at 75% LTV.
Craig Calder, Director of Mortgages for Barclays, said:
“This package of new products and rate reductions is designed to help more hard-working first time buyers to achieve their ambition of home ownership.
“The gap between income and house prices is at its widest in London, which is why Barclays is committed to supporting the new ‘London Help to Buy’ initiative and providing other innovative ways to help even more people to afford a home, either in the capital or elsewhere in the UK.”