Barclays launches new resi products, trims rates  

Barclays launches new resi products, trims rates  

Barclays will launch four new residential products and trim rates by up to eight basis points across a selection of purchase and remortgage fixed-rate ranges tomorrow. 

The high street bank, in a note to brokers, says it will introduce: 

  • Two-year fixes at 90% loan to value at 5.29%, with a £899 product fee 
  • Five-year green home fixes at 60% LTV at 4.13%, with a £899 product fee 
  • Five-year green home fixes at 75% LTV at 4.26%, with a £899 product fee 
  • Two-year trackers at 60% LTV at 5.24%, with no fee 

Among its rate reductions, five-year purchase fixes at 75% LTV fall by 6bps to 4.42%. 

While two-year remortgage fixes at 75% LTV are down by 8bps to 4.72%. 

The lender adds that end dates on all fixes — for new and existing customers — will extend to 30 June.

The post Barclays launches new resi products, trims rates   appeared first on Mortgage Strategy.

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