Barclays revamps offset range
From tomorrow Barclays are increasing the loan to value ratio on its 2-year offset range from 70% to 75% and cutting its lifetime offset by 0.20% and increasing the LTV to 75%.
Barclays are also reducing its existing 80%LTV 3-year fixed rate products by 0.15% to 3.09%.
Andy Gray, managing director of mortgages for Barclays, said: “We’re extending our fixed rate borrowing terms by three months to ensure that any new customers coming on board receive the full benefit of the term they apply for.
“In addition we are cutting rates on our 3 year fixed rate product to continue to offer our customers access to lower rates.”