Barclays expands fee free selection

Mortgage Introducer

June 10, 2015

The lender is offering a Help to Buy mortgage guarantee 2-year fixed rate mortgage at 4.25% to 95% LTV in addition to fee-free options on 2-year fixes from 60% LTV to 90% LTV, 5-year fixes between 60% LTV and 80% LTV and 2-year trackers from 75% LTV to 80% LTV.

Barclays has also extended its fee-free offering to buy-to-let including its 2 and 5-year fixed rates at 3.69% and 4.49% to 75% LTV.

Andy Gray, managing director of mortgages for Barclays, said: “We are giving new homeowners, and those to take their next step on the property ladder, a range of extremely competitive fee-free rates.

“This is another great example of helping more customers to achieve savings when buying a first home or remortgaging.

“The Buy-to-let mortgage market has continued to grow over recent years and is fiercely competitive.

He added: “We expect the new fee free 2 and 5-year buy-to-let rates to be warmly welcomed by landlords as we help to save them money, making an investment even more affordable.”

Fee free mortgages have no application or product fees on property purchases up to £1m with exception of 90% LTV 2-year fixes, which have a maximum of £500,000, and the Help to Buy 2 scheme which has £570,000 limit.

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