Barclays cuts rates and adds a new product

Barclays has announced rate reductions and a production introduction within its Buy To Let core and Reward ranges.

The lender has added a 60 per cent LTV two-year fixed rate product at 2.28 per cent. This offer has no product fees, £500 cashback, and a maximum loan value of £1m.

Product reductions include the 60 per cent LTV two-year fix cut from 1.52 per cent to 1.47 per cent, and the 60 per cent LTV five-year fix from 2.36 per cent to 2.29 per cent.

Both offering have a maximum loan value of £1m, and the former includes a £1,795 product fee, while the latter has no fees.

The lender has also cut rates on the 60 per cent LTV two-year fixed rate offer from 1.72 per cent to 1.67 per cent, and the 60 per cent LTV five-year fix from 2.28 per cent to 2.23 per cent.

The above two products are both for portfolio landlords, include a £1,795 fee, and have a maximum loan value of £1m.

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