Barclays unveils new Help to Buy offering amid widespread changes

By
Kevin Rose
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0
113

Barclays is making changes to a number of its mortgages.

The changes are across its residential, buy-to-let and Reward ranges and are effective tomorrow (Tuesday 16 June).

New products:

Residential – purchase only

  • 1.70% 2 Year Fixed, £0 product fee, 75% LTV, Min loan £5k, Max loan £5m
  • 1.75% 5 Year Fixed, £0 product fee, 75% LTV, Min loan £5k, Max loan £5m
  • 1.92% Help to Buy 2 Year Fixed, £0 product fee, 75% LTV, Min loan £25k, Max loan £450k
  • 2.03% Help to Buy 2 Year Fixed, £0 product fee, 75% LTV, Min loan £25k, Max loan £450k

Purchase and Remortgage

  • 1.58% 3 Year Fixed, £999 product fee, 75% LTV, Min loan £5k, Max loan £1m

Buy-to-let

Purchase only

  • 2.05% 5 Year Fixed Purchase Only, £1295 product fee, 75% LTV, Min loan £35k, Max loan £1m

Portfolio Landlords

  • 2.11% 2 Year Fixed, £1,795 product fee, 75% LTV, Min loan £35k, Max loan £1m

 

Product reductions:

Residential

Purchase only

  • 1.18% 2 Year Fixed, £999 product fee, 60% LTV, Min loan £5k, Max loan £5m will decrease to 1.14%

 

Purchase and Remortgage

  • 1.45% 5 Year Fixed, £999 product fee, 60% LTV, Min loan £5k, Max loan £5m will decrease to 1.39%
  • 1.69% 7 Year Fixed, £999 product fee, 60% LTV, Min loan £5k, Max loan £1m will decrease to 1.64%

 

Reward range

  • 1.61% 3 Year Fixed, £999 product fee, 80% LTV, will decrease to 1.58%
  • 1.45% 5 Year Fixed, £999 product fee, 60% LTV, will decrease to 1.39%
  • 1.69% 7 Year Fixed, £749 product fee, 75% LTV, will decrease to 1.64%
  • 2.00% 7 Year Fixed, £0 product fee, 75% LTV, will decrease to 1.90%
  • 1.45% 5 Year Fixed, £999 product fee, 70% LTV, will decrease to 1.39%

 

Buy-to-let

Purchase and Remortgage

  • 1.80% 5 Year Fixed, £1795 product fee, 60% LTV, Min loan 35k, Max loan £500k will decrease to 1.75%
  • 2.08% 2 Year Fixed, £0 product fee, 60% LTV, Min loan 35k, Max loan £1m will decrease to 1.99%
  • 2.19% 5 Year Fixed, £0 product fee, 60% LTV, Min loan 35k, Max loan £1m will decrease to 2.09%

Reward range

  • 2.08% BTL 2 Year Fixed, £0 product fee, 65% LTV, will decrease to 1.99%
  • 1.80% BTL 5 Year Fixed, £1795 product fee, 65% LTV, will decrease to 1.75%
  • 2.19% BTL 5 Year Fixed, £0 product fee, 65% LTV, will decrease to 2.09%