Barclays launches new ten-year fix and 95% LTV range

Barclays has announced a series of cuts to its residential tracker products, as well as a new 95% LTV range and new ten-year fixed rate.

Related topics:  Mortgages
Rozi Jones
14th August 2018
Barclays

Available from tomorrow, the new 95% LTV products include two-year fixed rates at 3.34% with a £999 product fee and 3.50% fee-free, while five-year fixes start from 4.04% with a £499 fee and 4.14% fee-free.

The new ten-year fixed rate product is available for purchase and remortgage at 2.74% up to 60% LTV, with no fee and a maximum loan size of £1m.

Barclays has also reduced a series of two-year trackers by between 2 and 5bps.

The bank's two-year EMC home-mover reward tracker at 75% LTV will decrease to 1.75%.

The two-year tracker with no product fee will decrease to 1.83% and other two-year trackers between 70-75% LTV will also decrease to 1.75%.

Barclays says it made the reductions 'following recent competitor movements... to ensure we remain competitive".

More like this
CLOSE
Subscribe
to our newsletter

Join a community of over 30,000 intermediaries and keep up-to-date with industry news and upcoming events via our newsletter.