Barclays lowers green home mortgage rate

Published on

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%

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

MPs launch inquiry into OBR’s first 15 years

The Treasury Committee has launched an inquiry to reflect on the Office for Budget...

Atom backs investor’s move into commercial property with £3m warehouse loan

Atom bank has completed a £3 million commercial mortgage to support an established residential...

CHL Mortgages widens upper LTV range with new fixed-rate options

CHL Mortgages for Intermediaries has expanded its upper loan-to-value range with a series of...

Swansea Building Society expands West Wales leadership remit

Swansea Building Society has promoted Sioned Jones to area manager, West Wales, with effect...

Nationwide slapped with £44m fine over prolonged financial crime control failures

The Financial Conduct Authority (FCA) has fined Nationwide Building Society £44m after finding widespread...

Latest publication

Other news

MPs launch inquiry into OBR’s first 15 years

The Treasury Committee has launched an inquiry to reflect on the Office for Budget...

Atom backs investor’s move into commercial property with £3m warehouse loan

Atom bank has completed a £3 million commercial mortgage to support an established residential...

CHL Mortgages widens upper LTV range with new fixed-rate options

CHL Mortgages for Intermediaries has expanded its upper loan-to-value range with a series of...