Barclays cutting the fees on its B2L deals
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From tomorrow, Barclays is cutting the application fee on its buy-to-let range for loans between £125,000 and £250,000.
It is cutting it from £2,999, to £2,499.
For example, on its two-year fixed rate up to 75% LTV at 5.29%, the fee is £1,999 for loans between £50,000 and £125,000 and £2,499 for loans between £125,000 and £250,000. It will remain £3,999 for loans between £250,000 and £1,000,000.
David Finlay, intermediary managing director for Barclays, says: “Due to the increase in demand for rental properties we are regularly reviewing our products to ensure the competitiveness of our buy-to-let mortgages in the market place. With a 22% rise in the number of buy-to-let products available, today’s reduction helps to support the buy to let market further.”
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