Barclays has launched a range of new mortgage products designed to appeal to first-time buyers and second movers.
It has also reduced rates on a selection of existing products by up to 34 basis points (bps) across its residential purchase and remortgage range.
The new products are as follows:
Residential – purchase only:
- 4.75% two-year fixed £1999 product fee, 85% LTV, Min loan £2m, Max loan £5m
- 4.60% Premier five-year fixed £999 product fee, 90% LTV, Min loan £5k, Max loan £570k
- 4.87% five-year fixed £1999 product fee, 85% LTV, Min loan £2m, Max loan £5m
- 4.33% Green Home two-year fixed £0 product fee, 60% LTV, Min loan £5k, Max loan £2m
Reductions to existing products are as follows:
Residential – purchase only:
- 3.83% Premier five-year fixed £899 product fee, 60% LTV, Min loan £5k, Max loan £2m, will decrease to 3.70%
- 3.84% five-year fixed £899 product fee, 60% LTV, Min loan £5k, Max loan £2m, will decrease to 3.71%
Remortgage only:
- 4.37% Premier two-year fixed £999 product fee, 60% LTV, Min loan £5k, Max loan £2m, will decrease to 4.16%
- 4.40% two-year fixed £999 product fee, 60% LTV, Min loan £5k, Max loan £2m, will decrease to 4.19%
- 4.77% Great Escape two-year fixed £0 product fee, 60% LTV, Min loan £50k, Max loan £2m, will decrease to 4.43%
Purchase and remortgage:
- 4.40% two-year fixed £1999 product fee, 60% LTV, Min loan £2m, Max loan £10m, will decrease to 4.19%
- 4.55% two-year fixed £1999 product fee, 70% LTV, Min loan £2m, Max loan £10m, will decrease to 4.29%
Existing Customer Reward Range:
Existing product decreases:
Residential:
- 4.37% EMC Reward two-year fixed £999 product fee, 60% LTV, Min loan £1k, Max loan £2m, will decrease to 4.16%
- 4.70% EMC Reward two-year fixed £0 product fee, 60% LTV, Min loan £1k, Max loan £2m, will decrease to 4.43%
- 4.40% EMC Reward two-year fixed £1999 product fee, 70% LTV, Min loan £2m, Max loan £10m, will decrease to 4.19%
- 4.55% Rate Switch only EMC Reward two-year fixed £1999 product fee, Over 70% LTV, Min loan £2m, Max loan £10m, will decrease to 4.29%
- 6.29% EMC Reward PTL two-year Tracker £299 product fee, 65% LTV, Min loan £1k, Max loan £10m, will decrease to 5.94%
