BTL range updated at Barclays

Barclays has announced that it has launched a number of new buy-to-let products and reduced rates on existing products within its ranges.

Related topics:  Landlords
Property Reporter
16th June 2020
Barclays Bank 774

Along with the changes made to its buy-to-let ranges, the bank is revealed that it is updating its residential ranges too with the launch of new and reduced rates at 60% and 75% LTV as well as introducing new Help to Buy products.

According to the lender, new residential purchase products include a two-year fixed-rate at 1.70% and a five-year fix at 1.75%, both available up to 75% LTV with no product fee. A new three-year fixed rate for purchase and remortgage is also available at 1.58% up to 75% LTV with a £999 fee.

New Help to Buy products includes a two-year fixed-rate at 1.92% up to 75% LTV with no product fee.

A five-year buy-to-let purchase product is available at 2.05% up to 75% LTV with a £1,295 fee and a portfolio landlord two-year fix starts at 2.11% up to 75% LTV with a £1,795 fee.

Across Barclays' existing product range, residential purchase and remortgage products at 60% LTV will see rate cuts of up to 6bps.

Buy-to-let purchase and remortgage products at 60% LTV will also see rate reductions of up to 10bps. Highlights include a two-year fixed rate which is reducing from 2.08% to 1.99% and a five-year fix which is down from 2.19% to 2.09%, both with no product fee.

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