Tomorrow Barclays will launch products and reduce rates across its residential, buy-to-let and reward ranges.
For purchases and remortgages it’s introducing two products, both 2-year trackers with a minimum loan of £5,000 and maximum loan of £500,000. There’s a 1.72% mortgage with a £999 product fee and without a product fee there’s a 2.29% product to 85% LTV.
And for purchases and remortgages it will be cutting two 5-year fixed products at 90% LTV, both with a minimum loan of £5,000 and maximum loan of £400,000. With a £999 product fee there’s a product at 2.34% reduced from 2.53% or without a fee the 2.74% LTV will cut to 2.49%.
For purchases the 1.79% EMC homemover reward 2-year tracker at 75% LTV will be reduced to 1.59%. There’s a £499 product fee, minimum loan £5,000 and maximum loan of £2m.
For Help to Buy purchases at 75% LTV with a £749 product fee, minimum loan of £25,000 and maximum loan of £450,000, the 1.70%2-year fix will reduce to 1.67% and 2.17% 5-year fixed will be cut to 2.13%.
For buy-to-let at 5-year fixed 75% LTV with a minimum loan of £35,000 and a maximum loan of £1m, with a £1,795 product fee there’s a 2.64% product decreasing to 2.47% and without a product fee a 2.77% will be cut from 3.09%.