Barclays expands BTL range and reduces rates

Barclays launched two new buy-to-let products and cut rates on existing deals this morning. 

The newly launched products include a 60% loan-to-value (LTV) five-year offering at 2.41% and a 60% LTV two-year fix at 2.33%. 
Both new mortgages have no product fee and a maximum loan value of £1m.

The 1.59% two-year fixed rate at 60% LTV, which comes with a 1,795 product fee and a minimum loan of £35,000, has been reduced to 1.52%.

At 75% the 2.59% Premier two-year fixed has been dropped to 2.49%, while the 2.6% two-year fixed rate product has been cut to 2.5%.

The lender has also reduced rates for portfolio landlords, with its 75% LTV five-year fixed rate product now available at 2.6% after having been cut by two basis points. This product has a maximum loan value of £1m and no product fees.

At 75% LTV, the 2.59% Barclays Premier range has also seen cuts, with the 60% LTV five-year product having been reduced from 2.12% to 2.07%. The maximum loan value for this offer is £2m and it includes a £1,795 product fee.

In addition, Barclays has reduced rates on its 75% LTV two-year fixed rate fee-free product for existing customers from 2.59% to 2.49%, while the five-year 75% LTV product for existing customers has been cut from 2.46% to 2.44%. The five-year product comes with a fee of £1,795 and is also only available for existing customers.

We're excited to announce that we're working on building a shiny new website for readers of Landlord Today! As part of this process, commenting on articles will be temporarily disabled. We look forward to sharing our new and improved Landlord Today website with you shortly!