Barclays refreshes residential range and cuts buy-to-let rates

Ryan Bembridge

August 29, 2018

Barclays will reduce buy-to-let rates, change residential criteria and launch residential products tomorrow.

After rate cuts buy-to-let products now include 2-year fixes at 1.50% and 1.79% to 60% and 75% loan-to-value respectively, both with a £1,950 fee.

Meanwhile there are 5-year fixes at 2.19% and 2.57% to 60% and 75% LTV, both with a £1,950 fee.

Barclays has increased its max residential loan size for purchase to £400,000, while on its residential ‘Great Escape’ mortgage range cashback has been increased from £200 to £300.

The lender has also launched four residential mortgage products with a £299 product fee.

These are 2-year fixes at 1.70% to 60% LTV and 2.03% to 90% LTV, and 5-year fixes at 2.03% to 60% LTV and 2.45% to 90% LTV.

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