Barclays relaunches 75pc BTL tomorrow

The bank will offer a 2-year fixed rate Buy-to-let product at 5.29% and a 2-year tracker at Bank Base Rate +3.99%.

The 10-year residential mortgage will be available with a fixed rate of 4.99% and a fee of £1,499.

Buy-to-let loans from Barclays will also have a tiered fee dependant on loan size.

Loans between £50,000 and £125,000 will have a fee of £1999.

Between £125,000 and £250,000, loans will have a fee of £2999.

Over £250,000 the fee will remain at £3999.

Barclays will also cut its 3-year fixed rate 90% LTV mortgage by 0.25% and increase its 2-year fixed rate 90% LTV mortgage by 0.25%.

All of Barclays’ trackers and offset mortgages will also increase by up to 0.21%.

Andy Gray, head of mortgages for Barclays, said: “Today’s mortgage changes are about boosting the availability of buy-to-let and providing competitive longer term deals in the residential mortgage market with the launch of a 10-year deal to support borrowers who are worried about the long term base rate outlook.”