Barclays has launched a new range of fee-free products across all LTV tiers to 90%.
The fee-free products are designed to support first-time buyers or those looking to take their next step on the property ladder.
They are available on two and five-year fixed rates and tracker purchase-only residential mortgages.
They are also available on Barclays' two and five-year fixed-rate buy-to-let products.
Fee Free Options:
Two-year fee-free options are available at 60%, 75%, 80%, 85% and 90% LTV tiers.
Five-year fee-free options are obtainable at the LTV tiers of 60%, 75% and 80 per.
Two-year tracker rates at 75% and 80%.
Help To Buy 2 two-year fixed at a reduced rate of 4.25% at 95% LTV.
All mortgages in the fee-free range have no application or product fees on property purchases up to £1 million.
The exception is the two-year fixed rate at 90% LTV which has a maximum of £500,000, and the Help To Buy 2 scheme which has a maximum £570,000 limit.
Barclays has also extended the fee-free offering to its buy-to-let range for its two and five-year fixed rates at 3.69% and 4.49%, both at 75% LTV.
Andy Gray, managing director of mortgages for Barclays, said: "We are giving new homeowners, and those to take their next step on the property ladder, a range of extremely competitive fee-free rates.
"This is another great example of helping more customers to achieve savings when buying a first home or remortgaging.
"The buy-to-let mortgage market has continued to grow over recent years and is fiercely competitive.
"We expect the new fee free two and five-year rates to be warmly welcomed by landlords as we help to save them money, making an investment even more affordable."
Full changes:
|
Product |
LTV (%) |
Old Rate |
New Rate |
Application Fee |
Min Loan |
Max Loan |
|
Purchase only |
||||||
|
2 year fixed |
60 |
NEW |
1.85% |
£0 |
£5,000 |
£1,000,000 |
|
2 year fixed |
75 |
NEW |
2.25% |
£0 |
£5,000 |
£1,000,000 |
|
2 year fixed |
80 |
NEW |
2.29% |
£0 |
£5,000 |
£1,000,000 |
|
2 year fixed |
85 |
NEW |
2.65% |
£0 |
£5,000 |
£1,000,000 |
|
2 year fixed |
90 |
NEW |
3.65% |
£0 |
£5,000 |
£500,000 |
|
5 year fixed |
60 |
NEW |
2.65% |
£0 |
£5,000 |
£1,000,000 |
|
5 year fixed |
75 |
NEW |
2.85% |
£0 |
£5,000 |
£1,000,000 |
|
5 year fixed |
80 |
NEW |
3.13% |
£0 |
£5,000 |
£1,000,000 |
|
2 year tracker |
75 |
NEW |
1.79% |
£0 |
£5,000 |
£1,000,000 |
|
2 year tracker |
80 |
NEW |
2.25% |
£0 |
£5,000 |
£1,000,000 |
|
Help To Buy |
||||||
|
HTB2 2 year fixed |
95 |
4.49% |
4.25% |
£0 |
£50,000 |
£570,000 |
|
Fixed Rates - Re-Mortgage only |
||||||
|
2 year fixed |
60 |
NEW |
1.88% |
£0 |
£5,000 |
£1,000,000 |
|
Fixed Rates - Purchase or Re-Mortgage |
||||||
|
2 year fixed |
85 |
2.37% |
2.33% |
£999 |
£5,000 |
£1,000,000 |
|
Tracker Rates |
||||||
|
2 year |
90 |
NEW |
3.15% |
£999 |
£5,000 |
£500,000 |
|
Buy To Let |
||||||
|
2 year fixed |
75 |
NEW |
3.69% |
£0 |
£35,000 |
£1,000,000 |
|
5 year fixed |
75 |
NEW |
4.49% |
£0 |
£35,000 |
£1,000,000 |
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