Barclays adds cashback option
New purchase-only products will be launched that include up to £1,000 cash back for purchase-only products with loan-to-values from 60% to 90% and fee-free options at 75%, 85% and 90%.
These products will be available to all property purchasers, whether first-time buyers or home movers.
Barclays is also reducing rates on the Help to Buy 1 and 2 product range and cutting rates on the Great Escape range, to make it even more attractive for those looking to remortgage with £250 cash back, free legals and valuations.
Craig Calder, director of mortgages at Barclays, said: “We know how expensive buying a house or moving home can be so we’ve also introduced fee-free purchase only products that give homebuyers cash back of up to £1,000 when they complete – with the flexibility to spend it how they want.”