Barclays is announcing help for first-time buyers and those with smaller deposits with a number of rate cuts to its fixed-rate, 90 per cent LTV mortgage range.
From tomorrow (4 November) the bank will offer several options for borrowers with a 10 per cent deposit, whether they’re looking for short, medium or long term certainty over their mortgage payments:
- Two year fixed rate at 3.68 per cent
- Three year fixed rate at 3.99 per cent
- Five year fixed rate at 4.38 per cent
In addition, Barclays is updating the rate on its two-year fixed 95 per cent LTV Help to Buy product at 5.19 per cent. The product has a zero application fee. The full set of changes are below:
| Product | LTV (%) | Old Rate | New Rate | Application Fee | Min Loan | Max Loan | |||||
| Open Market Fixed Rates | |||||||||||
| 2 Year Fixed | 90 | 3.85% | 3.68% | £999 | £5,000 | £500,000 | |||||
| 3 Year Fixed | 90 | 4.19% | 3.99% | £999 | £5,000 | £500,000 | |||||
| 5 Year Fixed | 90 | 4.59% | 4.38% | £499 | £5,000 | £500,000 | |||||
| Help To Buy 2 | |||||||||||
| 2 Year Fixed | 95 | 4.99% | 5.19% | £0 | £5,000 | £570,000 | |||||
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