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Barclays makes changes to its residential and reward ranges

Jake Carter

January 6, 2021

Barclays

Barclays are making a series of amendments to its residential and reward ranges, effective from 7 January.

The lender will be reducing rates across a select number of 60%, 75% and 85% purchase and remortgage products, as well as launching two 90% LTV 2-year fixed rate products.

The 75% LTV 2-year fix for purchase and remortgage with a £999 fee has been reduced to 1.44%.

Notable product introductions include a 90% LTV 2-year fix at 3.55%, and a 90% LTV 2-year fix at 3.75%.

The former deal includes a £999 fee, while the latter has no fees, and both products are available for purchase only with up to £500,000 maximum loan.

In addition, all of the lender’s 90% LTV products will be made available to next time buyers and they will continue to be eligible for new build house purchases.

Furthermore, Barclays are aligning the cashback offered across its residential remortgage range, including the introduction of £250 cashback on its Switch & Save ‘Own Solicitor’ products.

It is also extending the end dates on all fixed rate products, including buy-to-let to 31st May.


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