Barclays announces rate cuts and product introductions

Barclays has announced rate cuts and introductions across its residential, buy-to-let, and reward ranges.

Highlights include the introduction of a 90 per cent LTV two-year fix at 2.54 per cent. This offer has no product fee, £1,000 cashback, and a maximum loan value of £375,000.

In addition, the lender has introduced a Help to Buy 75 per cent LTV five-year fix at 2.18 per cent. This product includes no fee, £500 cashback, and a maximum loan value of £450,000.

Both offerings are for new builds only.

Notable rate cuts include the 75 per cent LTV five-year fix reduced from 2.43 per cent to 2.38 per cent. This product has a £1,796 fee, and a maximum loan value of £1m.

The 75 per cent LTV five-year fix has also been cut, from 2.65 per cent to 2.60 per cent. This product is for portfolio landlords, has a £1,795 fee, and a maximum loan value of £1m.

Furthermore, the 75 per cent LTV five-year fixed rate product has been sliced from 2.80 per cent to 2.75 per cent. This product is within the lender’s EMC reward buy-to-let range and has no fee.

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