View more on these topics

Barclays makes cuts to residential fixed rates

Barclays is introducing changes to its residential fixed rates with new products launching tomorrow, 7 December.

The changes impact products across the purchase and remortgage ranges, and include reductions to the longer fixed rate offerings.

Within the purchase and remortgage range, the two-year fixed rate product with £1,999 product fee, 85 per cent LTV and a maximum loan of £2m has been cut 0.15 per cent, from 1.89 per cent to 1.74 per cent.

Another notable reduction is the 10-year fixed rate offering with £999 product fee, 60 per cent LTV, and a maximum loan of £1m, which has seen a 0.09 per cent decline, from 2.64 per cent to 2.55 per cent.

Purchase-only rates have also been cut: the two-year fix with £0 product fee, 95 per cent LTV, and a maximum loan of £400,000, with £1000 cashback, has had 0.20 per cent axed, from 3.75 per cent to 3.55 per cent.

Furthermore, the “homemover reward” three-year fix with £499 product fee, 75 per cent LTV, and a maximum loan £1m has been reduced of 0.10 per cent, from 1.88 per cent to 1.78 per cent.

This comes after Barclays announced a series of rate reductions and product changes amid a new residential remortgage product launch, unveiled at the back end of November.



Barclays unveils rate cuts and new product details

Barclays has announced a series of rate reductions amid product changes and a new residential remortgage product launch, coming into effect from tomorrow, Tuesday 27 November. The rate cuts will take place across the following fixed-rate residential purchase and remortgage products: The two-year fix at 60 per cent LTV will be cut from 1.59 per […]


Barclays cuts rates on select products

Barclays has launched a new remortgage campaign for intermediaries named “Too big to miss,” which includes rate reductions within a number of purchase and remortgage products. The bank states that £100bn of residential and buy-to-let balances are currently on either a standard variable rate or tracker rate product, which equates to 1.4m customers that could […]

Barclays reduces cost of BTL deals

Barclays is reducing the cost of selected buy-to-let mortgages, and introducing a range of new ‘low fee’ residential deals. These changes are effective from 30 August. On its buy-to-let range rates have been cut on its two- and five-year fixes. On its two-year fix at 75 per cent LTV, rates have been cut from 1.91 […]


Private rental demand cooling: BM Solutions

Demand from UK residential renters is flattening off, according to research from BM Solutions. The research shows that 45 per cent of landlords saw no change in demand from tenants in the second quarter compared to the first. Meanwhile, London was the only area of the UK to see a fall in demand. More than […]


News and expert analysis straight to your inbox

Sign up