Home Commercial Property Buy to Let rates cut at Barclays

Buy to Let rates cut at Barclays

by LLP Reporter
1st Jun 20 1:40 pm

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 ยฃ999 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 ยฃ5m and buy-to-let purchase products up to 75% LTV.

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