Barclays adds new 60% deals and cuts five-year fixed rates

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Barclays is to make changes to its residential purchase and remortgage range on Wednesday 28 October.

As part of the changes, the bank is adding new 60% rates.

Changes include:

  • Introducing a new 60% LTV purchase only 2 Year Fixed rate and a new 85% LTV 2 Year Fixed rate, available for purchase and remortgage applications, for loans up to £2m
  • Introducing a new 60% LTV 3 Year Fixed rate, available for purchase and remortgage applications for loans up to £2m
  • Reducing rates on existing 60% and 80% 5 Year Fixed rates, available for purchase and remortgage applications for loans up to £5m (60% LTV) and £2m (80% LTV)

 

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