Barclays is making changes to its residential, buy-to-let and Reward ranges tomorrow (Thursday 11 April).
This includes introducing two new 70% LTV two and five-year fixed rate purchase products which come with £500 cashback as well as reductions to existing deals, including buy-to-let.
Key product changes
Residential purchase
- New – 1.99% 2 Year Fixed, £0 product fee, £500 cashback, 70% LTV, Min loan £50,000, Max loan £500,000
- New – 2.25% 5 Year Fixed, £0 product fee, £500 cashback, 70% LTV, Min loan £50,000, Max loan £1,000,000
- Reduced – 1.86% 2 Year Fixed, £0 product fee, 60% LTV, Min loan £5,000, Max loan £1,000,000 will decrease to 1.79%
New products:
Residential Purchase/Remortgage
- 1.85% 2 Year Fixed, £299 product fee, 75% LTV, Min loan £5,000, Max loan £1,000,000
Purchase
- 1.99% 2 Year Fixed, £0 product fee, £500 cashback, 70% LTV, Min loan £50,000, Max loan £500,000
- 2.25% 5 Year Fixed, £0 product fee, £500 cashback, 70% LTV, Min loan £50,000, Max loan £1,000,000
Reductions:
Residential Purchase/Remortgage
- 1.49% 2 Year Fixed, £999 product fee, 60% LTV, Min loan £5,000, Max loan £1,000,000 will decrease to 1.44%
- 1.59% 2 Year Fixed, £999 product fee, 75% LTV, Min loan 5,000, Max loan £1,000,000 will decrease to 1.54%
- 2.04% 7 Year Fixed, £999 product fee, 60% LTV, Min loan £5,000, Max loan £1,000,000 will decrease to 1.99%
- 2.55% 10 Year Fixed, £0 product fee, 60% LTV, Min loan £5,000, Max loan £1,000,000 will decrease to 2.49%
Purchase
- 1.86% 2 Year Fixed, £0 product fee, 60% LTV, Min loan £5,000, Max loan £1,000,000 will decrease to 1.79%
- 2.23% 5 Year Fixed, £0 product fee, 75% LTV, Min loan £5,000, Max loan £1,000,000 will decrease to 2.18%
- 2.88% 2 Year Fixed, £0 product fee, 95% LTV, Min loan £5,000, Max loan £375,000 will decrease to 2.85%
Remortgage
- 2.02% Great Escape 2 Year Fixed, £0 product fee, 75% LTV, Min loan £50,000, Max loan £1,000,000 will decrease to 1.99%
- 2.42% Great Escape 5 Year Fixed, £0 product fee, 85% LTV, Min loan £50,000, Max loan £1,000,000 will decrease to 2.34%
Buy-to-let
Purchase/Remortgage
- 1.55% 2 Year Fixed, 1% product fee, 60% LTV, Min loan £100,000, Max loan £215,000 will decrease to 1.50%
- 2.33% 2 Year Fixed, £0 product fee, 60% LTV, Min loan £35,000, Max loan £1,000,000 will decrease to 2.28%
- 2.01% 2 Year Fixed, 1% product fee, 75% LTV, Min loan £100,000, Max loan £215,000 will decrease to 1.96%
- 2.42% 3 Year Fixed, £0 product fee, 60% LTV, Min loan £35,000, Max loan £1,000,000 will decrease to 2.37%
- 2.41% 5 Year Fixed, £0 product fee, 60% LTV, Min loan £35,000, Max loan £1,000,000 will decrease to 2.36%
- 2.48% 5 Year Fixed, £1795 product fee, 75% LTV, Min loan £35,000, Max loan £1,000,000 will decrease to 2.43%
