Finance

Barclays announce further rate hikes across the board

Warren Lewis -
|
12th April 2018
barclays

Barclays has confirmed that from today, mortgage products across its residential, buy-to-let and reward ranges will see their rates rise.

However, Barclays was keen to 'soften the blow' by jointly announcing that it is reducing its ten-year fixed rate product at 60% LTV by 10bps, with rates now available from 2.59% with a £999 fee.

Additionally, Barclays has confirmed the new interest rates for its first Green Home Mortgage product range.

The mortgage offers a 10bps discount off traditional Barclays products for homebuyers who choose to buy an energy efficient new build home.

A spokesperson from the lender said: "The cost of funds have steadily increased over recent weeks and as a result, we have seen a number of our competitors increase their rates. We have held our products during this period, but we are now having to make a number of changes".

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