Barclays has announced a number of rate reductions and new product additions to its Residential and Reward ranges, effective from 19 March.
New products include the introduction of a 60 per cent LTV two-year fix at 1.86 per cent for purchase or remortgage with a maximum loan value of £1m.
Barclays has also added a 75 per cent LTV five-year fix at 2.19 per cent within the lender’s ‘EMC Reward’ range. This product has no product fee.
Notable rate reductions include the 90 per cent LTV five-year fix being reduced from 2.44 per cent to 2.36 per cent. The offering is in the lender’s ‘Green Home’ range for purchase only, has a maximum loan of £375,000 and no product fee.
Meanwhile, the 85 per cent five-year fix is set to be cut from 2.19 per cent to 2.09 per cent. This product is for purchase or remortgage and includes a £999 product fee and a maximum loan value of £1m.
Within the lender’s ‘EMC Reward’ range, the 70 per cent 10-year fix will be sliced from 2.74 per cent to 2.59 per cent. This offer has a product fee of £1,999.
For buy-to-let purchase or remortgage, the 60 per cent LTV two-year tracker will be reduced from 2.10 per cent to 1.85 per cent. This offering has a product fee of £1,795 and a maximum loan value of £2m.