Barclays makes BTL and residential rate changes

Published on

Barclays has made changes to its residential and buy-to-let product ranges including cutting rates by up to 0.30 percentage points.

It has introduced a new buy-to-let two year tracker rate from 1.93% (BBBR + 1.43%) and a new 1% application fee buy-to-let products (minimum loan size £100,000).

Barclays has also reduced rates on two-year fixed products at 85% and 90% LTV for purchase and remortgage.

End dates on all fixed rate products have been extended by three months to 30 June (with the exception of Barclays’ Help To Buy and new-build products which remain at 30 September),

Craig Calder, director of mortgages at Barclays, said: “With our latest buy-to-let rate reductions and new 1% application fee on buy-to-let mortgages above £100,000, we are supporting more aspiring landlords to achieve their goals.”

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

Fleet Mortgages reduces two-year fixed rates by up to 25bps

Fleet Mortgages has announced a series of rate cuts of up to 25 basis...

Liverpool Mortgages signs mental health charter alongside Skipton and Dudley

Liverpool Mortgages has joined the Mortgage Industry Mental Health Charter (MIMHC), becoming the latest...

Arc & Co. doubles lending volumes in year of commercial and development rebound

Specialist debt and equity advisory Arc & Co. has reported a 108% year-on-year rise...

Top 12 potential sites for New Towns revealed in landmark planning study

A new report by national property consultancy Carter Jonas has identified 12 of the...

Mortgage approvals rise again as borrowers respond to lower rates and easing rules

Mortgage lending picked up pace in June, according to the latest Money and Credit...

Latest publication

Latest opinions

Mind the gap: Can mortgage advice change the game for protection?

Many industry insiders still talk about the UK protection gap and how vast it...

Navigating HMO and MUFB complexity with confidence

Historically, larger Houses in Multiple Occupation (HMOs) and Multi-Unit Freehold Blocks (MUFBs) have often...

Why we shouldn’t wait for the FCA to act on later life lending

It might feel odd to be talking about a new year, when we’re barely...

A walk on the supply side

The UK government’s stated goal to build 1.5 million homes during the current parliamentary...

Other news

Fleet Mortgages reduces two-year fixed rates by up to 25bps

Fleet Mortgages has announced a series of rate cuts of up to 25 basis...

Liverpool Mortgages signs mental health charter alongside Skipton and Dudley

Liverpool Mortgages has joined the Mortgage Industry Mental Health Charter (MIMHC), becoming the latest...

Arc & Co. doubles lending volumes in year of commercial and development rebound

Specialist debt and equity advisory Arc & Co. has reported a 108% year-on-year rise...