Barclays lower Help to Buy mortgage rates but increase standard 2 year fixes.
Barclays has announced that it has adjusted its Help to Buy mortgage pricing in a downward direction making rates cheaper than ever.
The rate reduction is up to 0.36%, and a 95% LTV 2 year Help to Buy fix is on offer at 4.99% which is down from 5.35%.
In addition various new deals have been added to the lender's range including a 2 year offset tracker for up to 80% LTV at base rate + 2.79%. A £1,499 application fee is charged.
A 3 year tracker for 65% LTV has also been added to the lender's range, and is available at base rate + 1.15%, and a 5 year tracker is on offer at base rate + 2.85%. Fees on both these new mortgages are £1,999.
Fixed mortgage rates have increase on several deals within the lender's range.
Not all rates have been reduced, Barclays has increased its 2 year fix for 90% LTV by 0.1%, the rate on offer is now 4.49%. A £499 fee is charged for this deal.
For those with a larger 15% deposit the 2 year rate now on offer is 3.39% which is up 0.1% with fees of £999. Barclays loyalty rates have also risen, its 2 year fix for 85% LTV has also increased by 0.1%.
If you would like to compare Barclays' mortgage rates against the wider market call an impartial adviser at independent 'whole of market, broker Deal Direct. We work on your behalf to find you the most affordable and competitive mortgage market-wide.
For impartial advice and a low rate quote call 0800 048 8828.
