Barclays cuts mortgages by up to 38bps

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Barclays Mortgages is making rate reductions across its residential and buy-to-let product ranges – including Help to Buy and Green Home deals – for customers purchasing and remortgaging properties, as well as deals for existing customers.

These changes will come into effect on Wednesday 15th September 2021.

Barclays’ range of fixed-rate products for residential mortgage applications will see reductions of up to 38bps. These include rates available for customers looking to both purchase a new property or remortgage an existing one.

In addition, Barclays’ buy-to-let mortgage range will see a new five year fixed rate up to 75% LTV introduced for portfolio landlords.

Some key products impacted by this change include:

Help to Buy

  • 1.59% two-year fixed, £749 fee, 75% LTV – reduced to 1.21%
  • 1.80% two-year fixed, no fee, 75% LTV – reduced to 1.44%
  • 1.85% five-year fixed, no fee, 75% LTV – reduced to 1.56%

Green Home – Help to Buy

  • 1.49% two-year fixed, £749 fee, 75% LTV – reduced to 1.11%

Residential purchase and remortgage

  • 0.92% two-year fixed, £999 fee, 60% LTV – reduced to 0.86%
  • 1.83% five-year fixed, £999 fee, 80% LTV – reduced to 1.75%

Buy-to-let purchase and remortgage for portfolio landlords

  • New two-year fixed, £2495 fee, 75% LTV – 2.00%

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