Barclays new mortgages rates launched to spring homebuyers and home movers forward

Barclays has reduced rates and launching new products across its residential mortgage range.

Main changes:

• Four year fixed rate – 1.99%, four-year fixed, 75% LTV, £999 fee (min £5k – max £1m)
• Great Escape –  1.99%, four-year fixed, 50% LTV, £0 fee (min £50k – max £500k)
• 1.23% two-year fixed, 75% LTV with a £1,499 fee
• 1.53% two-year fixed, 85% LTV with a £1,499 fee
• 1.70% five-year fixed, 60% LTV with a £1,499 fee

Other changes across the residential range includes reducing rates across the lender’s Help to Buy (HTB) range, with five-year fixed at 75% LTV now reduced to 2.25% with a £999 fee.

In addition, Barclays has extended its Reward range offering loyalty discounts for existing Barclays mortgage, as well as existing Premier customers who are looking to purchase or remortgage.

New exclusive offers:

• Premier Exclusive: 1.33% two-year fixed, 80% LTV with a £999 fee
• Premier Exclusive: 2.39% 10 year fixed, 80% LTV with a £1,499 fee
• Reward Exclusive (Purchase): 1.18% two-year fixed, 60% LTV with a £999 fee
• Reward Exclusive (Purchase): 1.23% two-year fixed, 80% LTV with a £999 fee

Craig Calder, director of Barclays Mortgages, said: “Spring is traditionally a period of increased house buying activity and providing competitive rates will enable more first time buyers and those with smaller deposits to get on, and move up, the property ladder, as well as helping those looking to remortgage to achieve further savings.”