From tomorrow Barclays Mortgages will launch two 70% loan-to-value 2 and 5-year fixed rate purchase products, which comes with £500 cashback, and will reduce rates on some existing deals.
There will be two mortgages for purchases both at 70% LTV and no product fees. There will be a 1.99% 2-year fix with a minimum loan size of £50,000 and maximum of £500,000 and a 2.25% 5-year fix with the same maximum loan size of £1m.
For purchases and remortgages there will be a 1.85% 2-year fixed at 75% LTV with a £299 product fee, while there will be a 2-year fix at 60% LTV at 1.79%, after a 0.07% rate cut. Both products have a maximum loan size of £1m.