Barclays has announced that it has cut rates across its buy-to-let range as well as selected residential products as part of a shake-up to its mortgage offering.
According to the lender, Help to Buy rates will be reduced by up to 0.10% with reductions also on two and five-year residential purchase and remortgage rates. Amongst the rate cuts are the lender’s two-year fixed rates at 75% LTV and five-year fixes at 60% LTV, both with a £999 fee.
A new range of 60% and 75% LTV trackers will be introduced amongst the changes.
In addition to the rate cuts, Barclays has also announced that it is to reintroduce its large loan range up to £5m and buy-to-let purchase products up to 75% LTV.
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