Barclays launches new BTL products and cuts rates

Barclays has added two new products and cut rates across its buy-to-let range.

The newly launched products include a 60 per cent LTV five-year offering at 2.41 per cent and a 60 per cent LTV two-year fix at 2.33 per cent.

Both new mortgages have no product fee and a maximum loan value of £1m.

Meanwhile, highlighted rate reductions across the lender’s BTL range include a 60 per cent LTV two-year fix, cut from 1.59 per cent to 1.52 per cent. This offer includes a £1,795 product fee and a maximum loan value of £1m.

In addition, the lender has cut rates for portfolio landlords; a 75 per cent LTV five-year fixed rate product is now at 2.60 per cent after having been reduced by two basis points. This product has a maximum loan value of £1m and no product fees.

Barclays Premier range has also experienced cuts, with the 60 per cent LTV five-year product having been reduced from 2.12 per cent to 2.07 per cent. The maximum loan value for this offer is £2m and it includes a £1,795 product fee.

For existing customers, the lender has reduced rates on its 75 per cent LTV two-year fix, from 2.59 per cent to 2.49 per cent – this offering has no product fees.

Additionally, the 75 per cent LTV five-year product has had its rate reduced from 2.46 per cent to 2.44 per cent. This offering has a product fee of £1,795 and is also only available for existing customers.

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