Barclays refreshes range with rate cuts

Ryan Bembridge

January 7, 2019

Barclays has launched a number of new products and reduced residential and buy-to-let mortgage rates for both purchase and remortgage.

New product highlights for residential remortgage include a 1.97% 2-year fix to 70% loan-to-value, a 2.12% 2-year fix to 85% LTV and a 2.06% 5-year fix to 60% LTV, all with no fee and £500 cashback.

Craig Calder, director of Barclays Mortgages, said: “We are really excited about the great opportunities of the mortgage market in early 2019.

“We expect the remortgage market to be particularly vibrant as many customers will be looking to get their finances in order following the holiday period, so in addition to a host of reductions across our existing rates, we are delighted to confirm the launch of a new product which comes with £500 cashback.”

Following reductions residential purchase mortgages at 95% LTV now stand at 3.40% for a 5-year fix and 3.02% for a 2-year fix, both with no fee.

Meanwhile fee-free buy-to-let products for purchase and remortgage at 75% LTV now stand at 2.66% for a 2-year fix and 2.99% for a 3-year fix.

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