Barclays makes rate changes across multiple ranges

Essex Home Finance
Barclays has made a number of rate cuts and increases across its product lines.
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Barclays has made a number of rate cuts and increases across its residential, buy-to-let (BTL) and ‘Reward’ product lines.

In terms of rate cuts, highlights include the residential purchase and remortgage two-year tracker at up to 80% LTV with £999 fee receiving a 58 basis point cut, moving from 1.97% to 1.39%.

Additionally, in the residential purchase range at up to 90% LTV, the five-year fix with £999 fee has been lowered from 2.65% to 2.55% and the five-year fix with zero fee has been reduced from 2.88% to 2.70%.

And in the Reward range, the 85% LTV five-year fix with zero fee has been cut from 2.40% to 2.20%.

For BTL, the 75% LTV purchase and remortgage 75% LTV 10-year fix has seen its rate move downward from 2.75% to 2.45%.

Regarding significant rate increases made this week, in the residential purchase range, the 55% LTV London Help to Buy five-year fix with £749 product fee has gone up from 1.20% to 1.40%.

In the remortgage section, meanwhile, the 60% LTV two-year fix with zero fee has changed from 1.09% to 1.23% and, in the purchase and remortgage range, the 80% LTV five-year fix with £999 fee has gone from 1.69% to 1.80%.

For BTL, the purchase and remortgage 75% LTV two-year fix with zero fee has risen from 1.92% to 2.05% and in the remortgage range, Barclays has increased the rate on its 75% LTV two-year fix with £1,795 product fee from 1.50% to 1.68%.

These changes will occur on Tuesday 19 October.

Original Article from Mortgage Strategy 18/10/21

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