Barclays sweetens residential and buy-to-let deals

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Barclays is tomorrow launching new residential and buy-to-let mortgages and sweetening many of its current deals.

On the residential side, the lender has brought in a new 1.65 per cent two-year fixed rate house purchase loan at 75 per cent LTV, with no fees.

It has cut rates on many other residential and buy-to-let loans.

Barclays is also introducing a higher value buy-to-let range, with individual loans available up to £2m at a maximum 60 per cent LTV.

This range includes options such as a 1.54 per cent two-year fixed rate at 60 per cent LTV with a £1,950 fee.

It also has a 2.24 per cent five-year fixed rate at 60 per cent LTV, also with a £1,950 fee.

The lender has brought in a free legal option on both its 60 per cent and 75 per cent LTV re-mortgage range.

Barclays Mortgages director Craig Calder says: “The changes we are making will further strengthen our mortgage proposition by offering our comprehensive suite of buy-to-let and residential products to an even wider range of mortgage customers.”