Barclays to refresh resi range

Michael Lloyd

October 9, 2019

Barclays Mortgages is set to refresh its residential range with a product launch and reduced rates.

For purchases and remortgages, Barclays will introduce a 1.73% 3-year fixed premier exclusive at 85% LTV.

It comes with a £999 product fee and is available for loans between £5,000 and £1m.

Reductions will be made to selected 2, 3 and 5-year fixed products, including Help to Buy mortgages.

Within the range of residential products for purchases and remortgages the 5-year fix at 80% LTV will be cut from 1.83% to 1.78% and the 2-year tracker at 85% LTV will drop from 1.72% to 1.64%.

Both come with a £999 fee with a minimum loan amount of £5,000 and maximum of £1m.

Within the same range for purchases and remortgages the 2.37% 3-year fix without a product fee at 90% LTV will decrease to 2.32%.

Loan amounts for this product range from £5,000 to £375,000.

For loans between £2m to £5m, the 5-year fix at 60% LTV will be cut from 1.79% to 1.75% and comes with a £2,499 fee.

The changes will come into effect on Thursday 10 October.

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