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Barclays refreshes range

Sarah Davidson

February 4, 2015

The most significant reductions have been made to its offset 2-year and lifetime tracker products, which now stand at 1.79% and 2.29% to 75% LTV with a £999 fee.

Andy Gray, managing director of Mortgages for Barclays, said: “We are seeing increasing demand from customers seeking short to long-term stability and protection from future base rate rises.

“We’re excited to announce our lowest ever 2, 3, 5 and 10-years fixed mortgage range that will help first-time buyers and those looking to remortgage; demonstrating our on-going commitment to providing homeowners with access to very competitive rates.

“The significant change of 0.70% reduction made to our 2-year and lifetime tracker offset mortgages will have strong appeal for those wishing to reduce their mortgage term or their monthly mortgage repayments and still keep instant access to their savings.”

In terms of other rate cuts Barclays also offers two 10-year fixes at 2.94% to 60% LTV and 3.49% to 75% LTV, both with a £999 fee.

Its 2-year fixes have also been slashed, standing at 1.38% to 65% LTV with a £1,499 fee, 2.09% to 80% LTV and 2.49% to 85% LTV, both with a £999 fee.

Barclays’ 5-year fixes rates stand at 2.29% to 65% LTV, 2.75% to 70% LTV, 2.88% to 75% LTV and 4.05% to 90% LTV, all with a £999 fee.

The lender’s buy-to-let 2-year fixes have been reduced to 2.44% to 60% LTV and 2.89% to 75% LTV.

It’s 2-year fixed rate Help to Buy 2 rate has been reduced to 3.99% to 95% LTV.


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