Barclays expands 90% LTV mortgage availability

Essex Home Finance
Barclays has made a series of changes to its residential and Reward ranges.
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Barclays has made a series of changes to its residential and Reward ranges.

The bank has announced rate reductions across a selection of its 60%, 75% and 85% purchase and remortgage rates.

It is also launching two new 90% LTV two-year fixed rate mortgages products, available for loans between £5,000-£500,000.

These products will complement its existing 90% LTV five-year fixed rates.

In addition to first-time buyers, from tomorrow (7 January), all of Barclays’ 90% LTV purchase rates will be made available for next time buyers and they will continue to be eligible for New Build house purchases also.

Key rate changes are as follows:

  • New – 3.55% two-year fixed, £999 fee, 90% LTV (purchase only)
  • New – 3.75% two-year fixed, £0 fee, 90% LTV (purchase only)
  • Reduced – 1.44% two-year fixed, £999 fee, 75% LTV (purchase and remortgage)

Barclays is also aligning the cashback offered across its residential remortgage range, including the introduction of £250 cashback on its Switch & Save ‘Own Solicitor’ products.

It is also extending the end dates on all fixed rate products (including buy-to-let) to 31 May.

Original Article from Best Advice 06/01/2021

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