3 year BTL rate cut announced at Barclays

Warren Lewis
8th January 2019
To Let 690

Barclays Mortgages has announced that from today it has reduced rates across a wide number of ranges including buy-to-let.

According to Barclays, the new products include a seven-year fix at 2.07% for residential purchase and remortgage carrying a £999 fee, two-year fixed rate remortgage products with rates of 1.97% at 70% LTV, 2.02% at 75% LTV and 2.12% at 85% LTV have also been announced.

Five-year remortgage rates start at 2.06% up to 60% LTV, 2.16% at 75% LTV and 2.32% at 85% LTV all with no product fee and £500 cashback.

For buy-to-let, a three-year fixed rate has been reduced from 2.99% to 2.72% at 75% LTV with no product fee.

Craig Calder, director of Barclays Mortgages, had this to say: “We are really excited about the great opportunities of the mortgage market in early 2019.

We expect the remortgage market to be particularly vibrant as many customers will be looking to get their finances in order following the holiday period, so in addition to a host of reductions across our existing rates, we are delighted to confirm the launch of a new product which comes with £500 cashback.”

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