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Barclays has made a series of changes to its buy-to-let range in a bid to tempt more landlords to remortgage to cheaper deals.

It is targeting buy-to-let borrowers who are deterred by the perceived expense of remortgaging.

Barclays claims its competitive two-year and five-year fixed rates will help landlords reduce their mortgage payments.

It now offers three new fee-free buy-to-let rates: a two-year fixed rate to 60% LTV charging 3.45%, a two-year fix at 75% LTV at 3.99%, and a five-year fix at 75% LTV at 4.89%.

These free-free deals will save landlords up to £1,999 in remortgage fees.

Barclays will also extend its 'Switch & Save' benefits, currently available to residential remortgage customers, across its entire buy-to-let mortgage range.

This means landlords can now benefit from one free non-disclosed valuation and free standard legal services, saving a minimum of £200 on a mortgage loan of £200,000.

It will make available a cashback version with a free non-disclosed valuation at a later date.

Barclays has also introduced a simpler, streamlined application fee structure, where all loans between £50,000 and £1 million attract the same fee.

Andy Gray, managing director of mortgages for Barclays said: "Since 2009, the fastest growing segment of the mortgage market has been buy-to-let.

"Inevitably as this market matures more customers and intermediaries will benefit from thinking about switching rates, not only achieving savings but also a level of security with the possibility of interest rate rises on the horizon.

"This move sees the Barclays buy-to-let Switch and Save remortgage package being extended to cover the entire breadth of our mortgage offering."

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