Finance

BTL rates cut at Barclays

Property Reporter
|
21st May 2020
Barclays Bank 774

As the property market begins to shift back into gear, Barclays has become the latest lender to cut rates with the announcement that it's two, three, five and seven-year fixed rates within its residential and buy-to-let ranges will be reduced by up to 0.10%.

The lender revealed that amongst the cuts to residential purchase and remortgage products is a two-year fixed rate at 75% LTV which has reduced from 1.44% to 1.34%. Five year fixed rates have been reduced from 1.64% to 1.59% at 75% LTV and from 1.80% to 1.77% up to 80% LTV.

All products come with a £999 product fee.

A statement from Barclays read: "These changes will ensure we provide a wide range of competitive options for customers whether they are looking to purchase or remortgage, or for existing Barclays mortgage customers who are looking to either rate switch or take further borrowing."

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