View more on these topics

Barclays to cut Help to Buy 2 rates by up to 0.7%

Barclays is set to cut rates on its Help to Buy 2 mortgage range by up to 0.7 per cent.

A two-year fixed rate through the Help to Buy mortgage guarantee scheme will be reduced 70 basis points to 4.49 per cent, with £499 fee. The five-year version will be cut 50 basis points to 4.99 per cent.

Barclays will also cut a number of products for first-time buyers, including a two-year fix at 75 per cent LTV that will be reduced 6 basis points to 1.88 per cent. A £999 fee is payable.

Further, a two-year fix at 90 per cent LTV will be cut 29 basis points to 3.39 per cent, with £999 fee.

The lender is launching two fee-free options, including a 90 per cent LTV two-year fix at 3.89 per cent. A five-year fix at 80 per cent LTV will be offered at 3.25 per cent.

The new rates and products will launch on 13 January.

Barclays managing director for mortgages Andy Gray says: “We kicked off 2015 with the launch of the UK’s lowest-ever 10-year fixed rate. Building upon this, our 14th straight rate reduction provides an opportunity to demonstrate our commitment to giving first-time buyers and those with smaller deposits access to market leading mortgage rates. 



FCA ‘may probe rising proc fees’

The FCA has threatened to intervene in the mortgage market if it believes rising procuration fees are influencing which products brokers recommend for clients. Several mortgage lenders – including Accord Mortgages, Leeds Building Society, NatWest Intermediary Solutions and Skipton Building Society – have recently raised the fees paid to brokers for completed mortgage deals. Last […]


60 seconds with…Phil Jeynes, head of sales and marketing, UnderwriteMe

How do you think the recent mergers of Aviva/Friends Life and AIG/Ageas UK will affect the protection market? Will we see more deals like this? On one hand, nobody likes to see potential job losses or a reduction in competition. On the other, the possibility of big, global players such as AIG, Aviva and Discovery […]


Media Spotlight: Chasing Madoff by Jeff Prosserman

It has been six years since one-time Wall Street superstar Bernard Madoff was arrested at his multimillion-dollar New York City apartment, ending a 50-year Ponzi scheme of epic proportions. During the ensuing trial, prosecutors estimated the total size of the fraud to be around $64.2bn (£43bn). Almost as shocking, meanwhile, was the utter simplicity of […]

Guide front cover - thumbnail

Guide: how to… audit your auto-enrolment scheme compliance

As the Pensions Regulator starts to bare its teeth and the changes mentioned in the Budget and Queen’s Speech start to come into force, it is essential that you understand your scheme and the processes you need to undertake to ensure it remains compliant. Our second re-enrolment guide looks at how to audit the key areas of your auto-enrolment scheme.


News and expert analysis straight to your inbox

Sign up