Barclays cuts low deposit mortgage rates.
Barclays has announced rates have been slashed on mortgages at the lower deposit end of its range. For up to 90% LTV the lender's deals are now up to 0.21% cheaper.
A 2 year fixed rate mortgage is now being offered by Barclays for 90% LTV at 3.68% which is a 0.17% reduction. Its 3 year fixed rate for 90% LTV is also down in price and is being offered at 3.99% which is a 0.20% reduction. Fees on both mortgages are set at £999.
The rate on Barclays' 5 year deal for 90% LTV has been cut the most, its been reduced by 0.21% and is now on offer at 4.38% with £499 fee.
This is the latest update to the lender's range which was enhanced a couple of weeks ago with the addition of several new fee free buy to let mortgage offers.
For buyers looking to invest in property with a 25% deposit a 2 year fee free mortgage is now on offer at 3.99%. A 5 year fee free fix is also on offer for buy to let customers for the same LTV at 4.89%.
Whether you are looking to purchase a new home, invest in a buy to let or remortgage to a lower rate speak to us at Deal Direct.
We offer impartial mortgage advice and an independent 'whole of market' search to find you the right mortgage to suit your needs.
Call 0800 048 8828 for a low rate mortgage offer.
