Barclays unveils new Help to Buy offering amid widespread changes

Published on

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%

 

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

TRM launches tool to help advisers assess clients’ financial shortfalls

The Right Mortgage & Protection Network has introduced a Shortfall Needs Analysis Calculator designed...

HTB completes £1.1m Midlands refinancing in four hours

Hampshire Trust Bank (HTB) has completed a £1.1m residential investment refinancing in the Midlands...

Brookfield Surveyors joins BDLA as associate member

Brookfield Surveyors has become an associate member of the Bridging and Development Lenders Association...

Shawbrook backs 42-home London scheme with £13m development facility

Shawbrook has partnered with P10 Financial Group to provide a £13m development facility that...

Legl joins Conveyancing Association as new affiliate member

The Conveyancing Association has welcomed Legl as its newest affiliate member, offering the software...

Latest publication

Other news

TRM launches tool to help advisers assess clients’ financial shortfalls

The Right Mortgage & Protection Network has introduced a Shortfall Needs Analysis Calculator designed...

HTB completes £1.1m Midlands refinancing in four hours

Hampshire Trust Bank (HTB) has completed a £1.1m residential investment refinancing in the Midlands...

Brookfield Surveyors joins BDLA as associate member

Brookfield Surveyors has become an associate member of the Bridging and Development Lenders Association...