Barclays launches fee-free new build range

Barclays is launching an expanded range of new build products with no fees, as well as reducing buy-to-let rates by up to 0.50%.

Related topics:  Mortgages
Rozi Jones
13th May 2019
Barclays

The fee-free new build range, which launches tomorrow, includes two-year fixed rates from 2.09% up to 75% LTV with £500 cashback and 2.54% to 90% LTV with £1,000 cashback.

Five-year fixed rates start from 2.18% at 75% LTV with £500 cashback and 2.57% up to 90% LTV with £1,000 cashback available.

Barclays has also reduced rates across a selection of its buy-to-let products.

Five-year fixed rates have been reduced by 5bps and now start from 2.38% up to 75% LTV with a £1,795 product fee or 2.75% with no fee.

A five-year fixed rate portfolio landlord product has also decreased to 2.60% with a £1,795 fee.

Buy-to-let rates for existing mortgage customers have seen larger rate reductions of up to 50bps.

For products below 75% LTV, two-year fixed rate Reward mortgages have been cut from 3.35% to 3.00% and five-year fixed rates will decrease from 3.99% to 3.49%.

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.