Barclays slashes rates

John Hewitt Jones

October 10, 2016

scissors cut

Barclays has reviewed its mortgage products, cutting rates across its residential, large loan and buy-to-let ranges.

Highlights of the new rates on offer include a reduction to 2.69% for 5-year fixed rate loans at 80% LTV, and 1.49% for a Help to Buy 2-year fixed at 75% LTV.

Other reductions across Barclay’s offering include a cut to 2.49% for 5-year fixed rate buy-to-let loans at 65% LTV, and 1.49% for 2-year fixed rate large loans at 75% LTV.

Barclays makes rate cuts

All 60% LTV Buy-to-let products are now available at a maximum of 65% LTV, while all 75% LTV Buy-to-let products now benefit from an increased maximum loan size of £750,000.

Barclay’s reward range of loans will benefit customers with a variety of fee and rate discounts. Rate reductions include a 0.21% cut to 1.88% for 2-year fixed loans at 80% LTV, and 2.45% at 65% LTV for 5-year fixed rate mortgages.