Barclays cuts low LTV range

Other rates include 2-year fixes at 1.43% to 60% LTV and 1.69% to 75% LTV, and 5-year fixes at 2.19% to 60% LTV and 2.45% to 70% LTV.

Barclays has cut its low loan-to-value mortgage range – with rates starting at 1.39% for a 2-year fix at 60% loan-to-value for house purchase.

Other rates include 2-year fixes at 1.43% to 60% LTV and 1.69% to 75% LTV, and 5-year fixes at 2.19% to 60% LTV and 2.45% to 70% LTV.

Craig Calder, director of Mortgages for Barclays, said: “The spring months are traditionally a period of increased house buying activity and we have introduced some new competitive low rates to meet customer demand.

“The 2 and 5-year deals are significantly lower than the average market Standard Variable Rate (SVR) of 4.57 per cent. They provide an opportunity for any homeowners who are either sitting on their lenders SVR or whose current fixed rate mortgage deal is coming to an end, to reduce their outgoings by fixing their monthly mortgage payments, and creating both savings and certainty.”