Barclays lowers green home mortgage rate

Essex Home Finance
Barclays has made changes to its green home mortgage range.
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Barclays has made changes to its green home mortgage range.

The bank says the change means more property purchasers buying an energy efficient new build home will be rewarded with a lower rate compared to the equivalent product from its standard range.

Available products are as follows:

  • 1.74% Help to Buy 2 Year Fixed, £749 fee, 75% LTV, Loans £25k – £450k
  • 1.88% Help to Buy 5 Year Fixed, £749 fee, 75% LTV, Loans £25k – £450k
  • 3.62% 2 Year Fixed, £0 product fee, 90% LTV, Loans £5k £570k
  • 3.62% 5 Year Fixed, £0 product fee, 90% LTV Loans £5k – £570k

Barclays is  also making a number of changes across its mortgage product ranges, these include rate reductions to a selection of products within its residential purchase, remortgage and Reward ranges.

Residential Purchase, Remortgage and Reward ranges:

Residential – Large Loan Purchase and Remortgage

  • Cutting 2 Year Fixed £1999 fee, 70% LTV, Loans £2m – £10m from 1.44% to 1.35%
  • Cutting 2 Year Fixed £1999 fee, 75% LTV, Loans £2m – £5m from 1.79% to 1.65%
  • Cutting 5 Year Fixed £1999 fee, 70% LTV, Loans £2m – £10m from 1.62% to 1.52%
  • Cutting 5 Year Fixed £1999 fee, 75% LTV, Loans £2m – £5m from 1.82% to 1.67%

Residential – Reward Range

  • Cutting 2 Year Fixed £0 fee, 60% LTV, Loans £5k – £2m from 1.58% to 1.29%
  • Cutting 2 Year Fixed £0 fee, 75% LTV, Loans £5k – £2m from 1.88% to 1.54%
  • Cutting 5 Year Fixed £0 fee, 60% LTV, Loans £5k – £2m from 1.59% to 1.49%
  • Cutting 5 Year Fixed £0 fee, 75% LTV, Loans £5k – £2m from 1.90% to 1.74%
  • Cutting 5 Year Fixed £999 fee, 60% LTV, Loans £5k – £2m from 1.29% to 1.24%
  • Cutting 5 Year Fixed £1999 fee, 70% LTV, Loans £5k – £2m from 1.43% to 1.35%

Original Article form Best Advice 27/04/2021

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Essex Home Finance Ltd is an Appointed Representative of Mortgage Intelligence Ltd which is authorised and regulated by the Financial Conduct Authority under number 305330 in respect of mortgage, insurance and consumer credit mediation activities only.

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