Barclays unveils new residential mortgage rates.
Barclays has unveiled brand new rates for its residential mortgage and remortgage ranges.
As from now and for a maximum loan amount of £1 million, a 2 year fixed rate for up to 60% LTV is available at 1.46%. Barclays charges a product fee for this mortgage, which should be factored in when assessing all-around value.
If you prefer a 2 year fixed rate option with no fee to pay, Barclays offer an alternative for the same 60% LTV at a rate of 1.78%. the maximum loan value here, however, is £500,000.
If a longer term fixed rate of 5 years is what you require with no fee, Barclays offer a loan for up to £250,000 for up to 60% LTV at a rate of 2.14%.
What if you don’t have a 40% deposit though? What options are available to you then and at what rates?
Deal Direct has the expertise you need to find the best rate for your deposit/equity level. We’ve been working for over a decade finding the best deals on offer from lenders all over the country to allow our clients to buy a first home, move up the property ladder, remortgage or purchase a second property/buy to let.
For no-obligation impartial advice based on what you need and what’s in your interest and not that of the lender, call us today.