Barclays increases rates on purchase and remortgage products

Barclays has announced that it will adjust rates on certain purchase and remortgage products starting from tomorrow, 2nd April 2025.

The residential purchase rates for a 2-year fixed rate with a £899 product fee at 90% loan-to-value (LTV) will rise from 4.73% to 4.79%.

A 5-year fixed rate with a £0 product fee at 60% LTV will go from 4.16% to 4.23%.

Additionally, the green home 5-year fixed rate, with a £899 product fee at 60% LTV, will increase from 3.96% to 4.02%.

Remortgage rates will also see changes, with the 5-year fixed at 85% LTV with a £999 product fee rising from 4.87% to 4.97%.

The lender has said that applications for new lending must have been initiated and the product chosen by today, 1st April.

Once a product is selected, applicants have nine days, until 10th April, to complete and submit their application.

For product transfers, selections and submissions must occur by Wednesday 2nd April.

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