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Barclays set to launch 95% LTV Mortgage Guarantee Scheme products

Jake Carter

April 16, 2021

Barclays

Barclays is set to launch 95% loan-to-value (LTV) Mortgage Guarantee Scheme products from 19 April.

Notable products include a 2-year fix at 3.99% and a 5-year fix at 4.09%. Both deals are fee free and include a maximum loan value of £570,000.

These products are not available on new-build properties.

The lender has also amended its lending policy; customers applying to borrow at greater than 85% LTV can benefit from a new maximum loan size on houses and flats.

For houses with an LTV of more than 85%, the maximum loan has increased to £570,000, while for flats with an LTV of more than 85%, the maximum loan has increased to £275,000.

This is available to on all purchase applications, including first-time buyers.

A Barclays spokesperson said: “We are looking forward to supporting customers in their next steps as homeowners with the launch of two new 95% LTV products.

“These products are available under the government’s Mortgage Guarantee Scheme and are open for applications from Monday.”


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