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Barclays set to launch buy-to-let mortgage

Michael Lloyd

January 22, 2020

Barclays is set to launch a buy-to-let mortgage and reduce rates.

It will launch a 5-year fix buy-to-let purchase product available at 60% LTV and priced at 1.75%.

This comes with a £1,295 product fee.

For buy-to-let purchases and remortgages the lender will reduce the rate of its 5-year fixed mortgage at 75% LTV which comes with no product fee, from 2.77% to 2.67%.

And for buy-to-let purchases the bank will cut the rate of its 75% LTV 5-year fix which comes with a £,1,295 product fee, from 2.2% to 2.13%.

All of these products come with a minimum loan amount of £35,000 and maximum of £1m.

Within its residential range, for purchases and remortgages, the 7-year fix at 60% LTV will see its rate drop from 1.89% to 1.84%.

This comes with a £999 product fee, has a minimum loan amount of £5,000 and maximum of £1m.

For residential purchases the lender will cut the rate on its 2-year fix at 95% LTV from 2.85% to 2.80%.

This has no product fee and also has a minimum loan amount of £5,000 and maximum of £500,000.

The changes will come into effect on Thursday 23 January.


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