Barclays is rolling out a new fixed-rate mortgage product with £0 fee for higher deposit loans.
The two-year fix, available from 23 April, comes at a 1.85 per cent and 60 per cent loan-to-value (LTV).
The bank is also reducing rates across its two- and five-year mortgage range for loans with 60 to 75 per cent LTV.
Highlights include:
- A 2.59 per cent five-year fixed mortgage at 70 per cent LTV and with a £999 fee
- A 2.69 per cent five-year fixed mortgage at 75 per cent LTV and with a £999 fee
- A 1.34 per cent two-year tracker mortgage, 60 per cent LTV and with a £999 fee. The follow on rate is Barclays base rate of 1.99 per cent
Barclays is launching a new three-year stepped mortgage fixed at 85 per cent LTV starting at a rate of 3.09 per cent for the first year, reducing to 2.99 per cent in the second and to 2.89 per cent in the third year.
The full range of new offers includes:
|
Product |
LTV (%) |
Old Rate |
New Rate |
Application Fee |
Min Loan |
Max Loan |
| Fixed Rates | ||||||
|
2 year fixed |
60 |
NEW |
1.85% |
£0 |
£5,000 |
£1,000,000 |
|
5 year fixed |
70 |
2.69% |
2.59% |
£999 |
£5,000 |
£1,000,000 |
|
5 year fixed |
75 |
2.83% |
2.69% |
£999 |
£5,000 |
£1,000,000 |
| Tracker | ||||||
|
2 year fixed |
60 |
1.45% |
1.34% |
£999 |
£5,000 |
£1,000,000 |
|
Product |
LTV (%) |
1st Year Rate |
2nd Year Rate |
3rd Year Rate |
Application Fee |
Min Loan |
Max Loan |
| Stepped Fixed | |||||||
|
3 year fixed |
85 |
3.09 |
2.99% |
2.89% |
£999 |
£5,000 |
£1,000,000 |
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