Barclays to refresh resi range

Barclays will cut rates on residential mortgages for purchases and remortgages.

Barclays to refresh resi range

Barclays Mortgages is set to refresh its residential range with a product launch and reduced rates.

For purchases and remortgages, Barclays will introduce a 1.73% 3-year fixed premier exclusive at 85% LTV.

It comes with a £999 product fee and is available for loans between £5,000 and £1m.

Reductions will be made to selected 2, 3 and 5-year fixed products, including Help to Buy mortgages.

Within the range of residential products for purchases and remortgages the 5-year fix at 80% LTV will be cut from 1.83% to 1.78% and the 2-year tracker at 85% LTV will drop from 1.72% to 1.64%.

Both come with a £999 fee with a minimum loan amount of £5,000 and maximum of £1m.

Within the same range for purchases and remortgages the 2.37% 3-year fix without a product fee at 90% LTVwill decrease to 2.32%.

Loan amounts for this product range from £5,000 to £375,000.

For loans between £2m to £5m, the 5-year fix at 60% LTV will be cut from 1.79% to 1.75% and comes with a £2,499 fee.

The changes will come into effect on Thursday 10 October.

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