Barclays snips resi fixed rates


Barclays Mortgages is trimming rates on many of its core residential mortgages with two- and five-year fixed terms.

The lender is cutting its purchase and remortgage loans by between 0.05 and 0.13 per cent.

Barclays says it is making the cuts to help brokers with their clients’ financial and mortgage reviews.

The 0.13 per cent cut applies to the lender’s two-year fixed rate at up to 75 per cent LTV with a £999 fee, now 1.39 per cent.

The lender is also trimming its two-year fixed rate at 85 per cent LTV by 0.12 per cent to 1.53 per cent, with a £999 fee.

Barclays is also trimming rates on its EMC Reward Range of rate switch and further advance mortgages.

The lender is reducing rates by 0.12 per cent on its two-year fixed reward loan to 75 per cent LTV, now 1.38 per cent with an £899 product fee.

The rate cuts take place tomorrow.



Barclays to take BTL applications from FTBs

Barclays is now taking buy-to-let applications from first-time buyers and non-owner occupiers. The changes mean customers no longer need to own a residential property when buying or remortgaging a buy-to-let property with the lender. The move takes place today, according to a note the lender sent to brokers. The note adds: “This change offers an […]


Barclays introduces proc fee for further advances

 Barclays Mortgages is introducing a procuration payment of 0.3 per cent on all new residential and buy-to-let further advance cases. The lender says it recognises the efforts made by brokers on advising and completing these cases. It says applications submitted from Friday 22nd September onwards will be eligible for the new payment. Barclays director of […]

hastings logo

Case study – employee engagement platform centralises benefits for higher uptake

Learn how Hastings Academies Trust adopted an employee engagement platform to reinforce unity among new and veteran employees with bespoke branding and segmentation technology. Download the free case study to learn how you too can: Strategically use branding to unite a spread out workforce and reinforce key values among staff Target your message to the […]


News and expert analysis straight to your inbox

Sign up