Barclays announce rate reductions on buy to let range

Barclays has announced that it has launched new buy-to-let products which carry no fees in addition to reducing rates across its buy-to-let range.

According to the lender, new products are available from today and will include a two-year fixed rate at 2.28% up to 60% LTV with no product fee and £500 cashback.

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Barclays has also reduced the rate on its fee-free five-year fixed rate at 60% LTV from 2.36% to 2.29%. Additionally, the Bank has reduced rates on a selection of its portfolio landlord products by 5bps.

Portfolio products include a two-year fixed rate at 1.67% and a five-year fix at 2.23%, both available up to 60% LTV with a £1,795 fee.