The FINANCIAL — This week (Tuesday 13 January), to further help first time buyers and those with smaller deposits looking to get on or move up the property ladder, Barclays is announcing a number of mortgage rate cuts. Customers looking for either short or medium term certainty for their mortgage payments can now achieve this with some of the lowest rates offered by the bank, particularly for borrowers with smaller deposits, according to Barclays.
The most significant cuts have been made to Barclays Help To Buy 2 (mortgage guarantee scheme) products, including a market leading 4.49 per cent two year fixed rate at 95 per cent LTV.
In addition, customers can benefit from free legal costs and cashback options on Barclays 2 and 5 year fixed rates:
• 1.77 per cent 2 year fixed rate at 60 per cent LTV
• 2.49 per cent 5 Year fixed rate at 60 per cent LTV
• 2.95 per cent 5 Year fixed rate at 70 per cent LTV
“We kicked off 2015 with the launch the UK’s lowest ever ten year fixed rate at 2.99 per cent. Building upon this, our fourteenth straight rate reduction provides an opportunity to demonstrate our commitment to giving first time buyers and those with smaller deposits access to market leading mortgage rates,” Andy Gray, Managing Director of Mortgages for Barclays, said.
Discussion about this post