Fixed rates cut by 0.5% at Barclays

Fixed rates cut by 0.5% at Barclays

Barclays has announced today that it has cut fixed rate mortgages by up to 0.50%.

In addition to the cuts and available from tomorrow, the lender also announced new products including a 1.95% two-year fix at 80% LTV and a 2.69% five-year fix at 80% LTV, both on a maximum loan of £250,000. Two-year fixed rates at 75% LTV have been reduced by 0.50% and are now available from 1.89%.

Five-year fixed rates are now available at 1.89% up to 60% LTV and 2.49% up to 75% LTV.


Barclays 80% LTV five-year fix has been reduced by 41bps to 1.83% on a maximum loan £1.5m for Rate Switch & Further Advances only.

Craig Calder, Director of Barclays Mortgages said: “Christmas is almost upon us and we want to help households and landlords save money during this typically expensive time of the year with the launch of some of Barclays lowest residential remortgage rates.

Homebuyers seeking a short to medium fixed rate term can choose a 2 or 5 year fixed rate available with either a 75% or 80% LTV with no product fee, £250 cashback and free valuations on properties up to £2m. Landlords will also be able to reduce their monthly outgoings too with reductions to our buy-to-let range.

In addition to these rate reductions, customers will achieve further savings by benefitting from free standard legal work for those choosing to remortgage.”

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Kelvin Lloyd
Kelvin Lloyd 09 Oct 2017

IT is up, to the Planners. If they will only give permission for bungalows on certain (suitable) sites, they will be built.

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maggie swift
maggie swift 09 Oct 2017

It's just the beginning of the shocking rise.

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maggie swift
maggie swift 09 Oct 2017

I have recently read that the bungalows can provide social housing for elderly residents in London.

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zoe glover
zoe glover 05 Oct 2017

Update! Worst company I have ever dealt with. Undervalued a Cambridge property by over 100k, wont take on any evidence of valuation including a RICS valuation done 3 years ago for the very same value...

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Paul Edwards
Paul Edwards 27 Sep 2017

Its nonsense articles such as this that make it harder to get clients to realise just how difficult the market is out there. When you see Rightmove and there are more 'price reduced' then 'new' most days...

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Tom Allen
Tom Allen 20 Sep 2017

Absolutely agree with you!

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RyanGeo
RyanGeo 18 Sep 2017

A sharp correction would be a less dramatic expression to use. That is already underway in certain sectors in Reading where I practice as Chartered Surveyor

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sean benton
sean benton 01 Sep 2017

Identity theft is a thread for any profession. So,people should stay alarmed. I once take help from a letting agent and came to know that letting agents are taking every precaution to prevent fraudulent...

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Mark N.
Mark N. 30 Aug 2017

We have seen a surge in instructions over August and that should continue into September too.

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Chris
Chris 30 Aug 2017

Unfortunately, all the legislation bears its force on Landlords and ignores, naively, the effect of Rogue Tenants on the ability of landlords to keep houses in repair and offer properties for rent at reasonable...

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Christian Donovan
Christian Donovan 18 Aug 2017

The write-down on house values, combined with the fall in the GBP saddled the fund?s property portfolio with a 1.4% loss in the second quarter. The shocking amount of $240 million.

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Samantha Goodman
Samantha Goodman 11 Aug 2017

Interesting point of view.

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