Barclays reveal H2B2 details

The lender will launch a 5.35% 3-year fix and a 5.49% 5-year fix. Both are available between 90% and 95% loan-to value and are fee free.

Andy Gray, managing director of mortgages for Barclays, said: “We’re pleased to be joining the government’s Help to Buy mortgage guarantee scheme and supporting first-time buyers and home movers get on, or move up, the housing ladder.

“This builds on our existing and on-going participation under the Help to Buy equity scheme.

“We have two products and these have been developed to offer extra customer choice for those with deposits from 5%, and build upon the success of existing schemes such as the Barclays Family Springboard mortgage.”

The new Help to Buy mortgage guarantee scheme range goes live on January 21.