Barclays will launch new products in its residential and buy-to-let lending ranges from tomorrow (27 October).
The lender will also cut rates on three loans in its BTL existing mortgage customer reward range.
New residential purchase products include a 6.40% two-year fixed-rate mortgage guarantee loan, with no product fee, at 95% loan to value. Minimum loan £25,000, maximum loan £570,000.
And a 6.35% two-year fixed-rate offer, with no product fee, at 90% LTV. Minimum loan £5,000, maximum loan £570,000.
It will introduce a new residential remortgage product, which is a 6.00% five-year fixed-rate deal, with a £999 product fee, at 60% LTV. Minimum loan £5,000, maximum loan £2m.
Highlights among its residential purchase and remortgage products include a 6.06% five-year fixed-rate loan, with a £999 product fee, at 85% LTV.
Minimum loan £5,000, maximum loan £2m.
And a 5.62% two-year fixed-rate offer, with a £999 product fee, at 60% LTV. Minimum loan £5,000, maximum loan £2m.
The bank will introduce a new BTL purchase product, which is a 5.50% two-year fixed-rate loan, with a £1295 product fee, at 75% LTV. Minimum loan £35,000, maximum loan £1m.
Highlights among its BTL remortgage products include a 6.00% two-year fixed-rate deal, with no product fee, at 60% LTV. Minimum loan £35,000, maximum loan £1m.
And a 5.80% five-year fixed-rate loan, with no product fee, at 75% LTV.
Minimum loan £35,000, maximum loan £1m.
The firm’s reduced rate BTL reward products are a two-year tracker, with no product fee, at 75% LTV, down by 15 basis points to 4.20%. Minimum loan £35,000, maximum loan £1m.
A five-year fixed-rate offer, with no product fee, at 65% LTV, reduced by 3 basis points to 5.70%. Minimum loan £35,000, maximum loan £1m.
And a five-year fixed-rate loan, with no product fee, at 75% LTV, sliced by 1 basis point to 5.80%. Minimum loan £35,000, maximum loan £1m.
The bank adds that it is moving the end dates of new lending on fixed-rate products to 31 January, and to 31 March on its existing customer reward range fixed-rate deals.
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