Barclays mortgage rate increases (Source: Quadrin Group)
Barclays Bank have once again increased their mortgage rates. This time the rates have gone up by by up to 28 basis points across their residential purchase, remortgage and buy-to-let mortgage products. This is just another repetition of the country wide lender panic rate raising that we have seen since the Bank of England started putting their base rate up.
Some of the major changes being introduced by Barclays tomorrow are:
Barclays Mortgage Rates Changes – Residential Purchase:
- Five-year fixed-rate 90% loan-to-value will increase by 26bps to 3.89%, with a £999 product fee. Minimum loan £5,000, maximum loan £570,000.
- A Green Home five-year fixed-rate 90% LTV will increase by 27bps to 3.94%, with no product fee. Minimum loan £5,000, maximum loan £570,000.
- A mortgage guarantee two-year fixed-rate 95% LTV will increase by 28bps to 4.20%, with no product fee and £750 cashback. Minimum loan £25,000, maximum loan £570,000.
Barclays Mortgage Rates – Residential Remortgage:
- Great Escape two-year fixed-rate 85% LTV will increase by 15bps to 3.99%, with no product fee. Minimum loan £50,000, maximum loan £2m.
- A five-year fixed-rate 85% LTV will increase by 16bps to 3.91%, with no product fee. Minimum loan £50,000, maximum loan £2m.
- A five-year fixed-rate 85% LTV will increase by 21bps to 3.69%, with no product fee. Minimum loan £5,000, maximum loan £2m.
- A two-year fixed-rate 60% LTV will increase by 20bps to 3.44%, with a £1999 product fee. Minimum loan £2m, maximum loan £10m.
- A five-year fixed-rate 60% LTV will increase by 20bps to 3.59%, with a £1999 product fee. Minimum loan £2m, maximum loan £10m.
- A five-year fixed-rate 75% LTV will increase by 20bps to 3.65%, with a £1999 product fee. Minimum loan £2m, maximum loan £10m.
Barclays Mortgage Rates – Buy To Let:
- A two-year fixed-rate 75% LTV will rise by 5bps to 3.23%, with a £1795 product fee. Minimum loan £35,000, maximum loan £1m.
- A five-year fixed-rate 60% LTV will rise by 10bps to 3.55%, with no product fee. Minimum loan £35,000, maximum loan £1m.
If you or anyone you know is interested in what rates are available on the market at the moment, please give our friendly and helpful advisor team a call today to see how we can help.
