Barclays to launch fee-free resi and BTL purchase loans

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Barclays is bringing in fee-free purchase products for residential and landlord customers.

The lender is also introducing its lowest-ever five-year fix for Premier purchase and remortgage customers.

The changes come in tomorrow.

For fee-free purchase only loans at 75 and 80 per cent LTV the lender is giving free valuations and £250 cashback.

The products include a two-year fix at 1.95 per cent to 80 per cent LTV. The loan must be between £50,000 and £250,000.The lender’s new fee-free range for buy-to-let customers includes a two-year fixed loan at 65 per cent LTV at 2.59 per cent and a two-year tracker at 2.89 per cent and 75 per cent LTV.Barclays has also brought in its best-ever five-year fixed loan for Premier customers at 1.83 per cent up to 70 per cent LTV.

The loan has a fee of £1,499 and must be between £5,000 and £1.5m.