Barclays refreshes resi range

Michael Lloyd

October 31, 2019

Barclays Mortgages is set to revamp its residential range.

The lender is also launching two 10-year fixed rate products for purchase and remortgages.

There is a 2.45% deal at 70% LTV which has a maximum loan amount of £1m with no product fee and a 2.96% mortgage at 90% LTV which has a maximum loan amount of £500,000 and a £499 fee.

Barclays is cutting rates for a wide range of residential products available for purchases and remortgages.

Key highlights include their 95% LTV 2-year fix reduced from 3% to 2.89% which comes with a maximum loan amount of £500,000.

The 5-year fix at 60% LTV with a minimum loan amount of £1m, will have its rate cut from 1.84% to 1.73%.

Both offerings come with no product fee.

Barclays is also making reductions to products within its existing customer reward range and is simplifying its switch and save options.

Within this reward range all 2 and 5-year products with a £999 fee will come with the option of £250 cashback.

The changes come into effect on Friday 1 November.

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