Barclays lowers green home mortgage rate

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Barclays has made changes to its green home mortgage range.

The bank says the change means more property purchasers buying an energy efficient new build home will be rewarded with a lower rate compared to the equivalent product from its standard range.

Available products are as follows:

  • 1.74% Help to Buy 2 Year Fixed, £749 fee, 75% LTV, Loans £25k – £450k
  • 1.88% Help to Buy 5 Year Fixed, £749 fee, 75% LTV, Loans £25k – £450k
  • 3.62% 2 Year Fixed, £0 product fee, 90% LTV, Loans £5k £570k
  • 3.62% 5 Year Fixed, £0 product fee, 90% LTV Loans £5k – £570k

Barclays is  also making a number of changes across its mortgage product ranges, these include rate reductions to a selection of products within its residential purchase, remortgage and Reward ranges.

Residential Purchase, Remortgage and Reward ranges:

Residential – Large Loan Purchase and Remortgage

  • Cutting 2 Year Fixed £1999 fee, 70% LTV, Loans £2m – £10m from 1.44% to 1.35%
  • Cutting 2 Year Fixed £1999 fee, 75% LTV, Loans £2m – £5m from 1.79% to 1.65%
  • Cutting 5 Year Fixed £1999 fee, 70% LTV, Loans £2m – £10m from 1.62% to 1.52%
  • Cutting 5 Year Fixed £1999 fee, 75% LTV, Loans £2m – £5m from 1.82% to 1.67%

Residential – Reward Range

  • Cutting 2 Year Fixed £0 fee, 60% LTV, Loans £5k – £2m from 1.58% to 1.29%
  • Cutting 2 Year Fixed £0 fee, 75% LTV, Loans £5k – £2m from 1.88% to 1.54%
  • Cutting 5 Year Fixed £0 fee, 60% LTV, Loans £5k – £2m from 1.59% to 1.49%
  • Cutting 5 Year Fixed £0 fee, 75% LTV, Loans £5k – £2m from 1.90% to 1.74%
  • Cutting 5 Year Fixed £999 fee, 60% LTV, Loans £5k – £2m from 1.29% to 1.24%
  • Cutting 5 Year Fixed £1999 fee, 70% LTV, Loans £5k – £2m from 1.43% to 1.35%

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