Effective from tomorrow (5th March) Barclays has made changes to its mortgage rates, affecting products across residential purchase and remortgage, as well as its buy-to-let (BTL) mortgage products.
For residential purchase, Barclays introduced a new mortgage deal at a rate of 4.34%, with a £999 product fee, with a 60% loan-to-value (LTV).
For BTL purchase, the bank reduced rates two 2-year tracker mortgages, one from 6.48% to 6.20%; this has a product fee of £1,295, at 60% LTV.
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The second was reduced from 6.50% to 6.25%, and has the same product fee, at 75% LTV.
Within its residential purchase existing product range, a number of 2-year 60% LTV rates have been increased by between 0.10% and 0.15%.
Select 2-year products at 75% LTV have increased by between 0.18% and 0.19%.
Selected 2-year 75% LTV rates at 85% and 90% LTV were increased by between 0.18% and 0.23%.
Selected 5-year 60%, 75% and 85% LTV rates were increased by 0.20%, while the lender’s 90% LTVa 5-year rate was increased by 0.25%.
Barclays increased rates by between 0.18% and 0.25% on its Green Homes range.
Various 2-year remortgage products saw rates increase between 0.10% and 0.18%.
Barclays increased its purchase and remortgage rates by between 0.06% and 0.13% on 2-year rates, and between 0.06% and 0.15% for 5-year rates.
The bank extended end dates on all fixed rate product to 30th June, and revised its early repayment charges.
