The new two year fixed rates include a highly competitive 4.19 per cent, reduced from 5.29 per cent, for those with a deposit of 25 per cent. For those with a 40 per cent deposit, the rate will now be 3.69 per cent, reduced from 3.88 per cent.
Andy Gray, Managing Director of Mortgages at Barclays said:
“We know that two year fixed rates requiring a 25 per cent deposit have been proving immensely popular with investors and landlords looking for certainty with their mortgage repayments. We’ve slashed the rate for these borrowers with a smaller deposit, making it the best deal we’ve offered at 75 per cent LTV since we launched in November last year. These new products will help customers to save money and make investment in the buy-to-let market more affordable. The buy-to-let mortgage market has continued to grow over recent years and is fiercely competitive so we expect that these rates cuts will be welcomed by landlords.”
