You are here: Home - Mortgages - First Time Buyer - News -

Barclays to launch ‘best-ever’ five-year fix

0
Written by:
30/11/2016
Barclays is introducing fee-free purchase products for residential and buy-to-let customers, while launching its lowest-ever five-year fix for Premier purchase and remortgage clients, from tomorrow.

For its fee-free purchase-only products at 75% and 80% loan-to-values (LTV), Barclays will offer £250 cashback and free valuations. Products in the range include a two-year fix at 1.95% and 80% LTV, with a minimum loan size of £50,000 and maximum of £250,000.

Barclays is also launching a fee-free range for buy-to-let borrowers, which includes a two-year fix at 65% LTV and two-year tracker at 75% LTV, available at 2.59% and 2.89%, respectively.

Recent data published by Moneyfacts showed that the number of fee-free deals on fixed rate mortgages has more than doubled over the past year.

For Premier customers, Barclays has introduced its ‘best-ever’ five-year fixed rate at 1.83% and available up to 70% LTV. The deal has a fee of £1,499 and a minimum loan size of £5,000 with a maximum of £1.5m.

Existing mortgage customers will be able to access the product up to 80% LTV in Barclays’ Reward range which is available exclusively for rate switch and further advance.

Further changes include increases to Barclay’s seven and 10-year fixed rates, with rate rises in its Reward Range increased by up to 20 basis points.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

ISAs: your back-to-basics guide for 2018/19

Here’s everything you need to know to make the most of your unused ISA allowance ahead of the 5 April deadli...

A guide to Sharia savings accounts

A number of Sharia savings products have upped their game in recent months, beating more familiar competitors ...

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
‘New parents in need’ most hit by insolvencies

Young, often single parents are most likely to be declared insolvent – but the overall situation for personal insolvencies across...

Close