Barclays has published details of its products which will go live on Tuesday 21 January 2014 to support the government’s Help to Buy mortgage guarantee scheme.
Product details are as follows:
| Product | LTV (%) | Rate | Application Fee | Min Loan | Max Loan |
| Help to Buy 3 year fixed |
90 – 95% | 5.35 % | £0 | £50,000 | £570,000 |
| Help to Buy 5 year fixed |
90 – 95% | 5.49 % | £0 | £50,000 | £570,000 |
Andy Gray, managing director of mortgages for Barclays, said: “We’re pleased to be joining the Government’s Help to Buy mortgage guarantee scheme and supporting first-time buyers and home movers get on, or move up, the housing ladder. This builds on our existing and on-going participation under the Help to Buy equity scheme.
“We have two products and these have been developed to offer extra customer choice for those with deposits from 5%, and build upon the success of existing schemes such as the Barclays Family Springboard mortgage.”
