Looking for a low rate fee free mortgage?

Barclays Bank has announced the introduction of several new fixed rate fee free deals at varying loan to value levels.

A spokesperson for the lender commented on the decision to offer more fee free products, stating Barclays desire to give home-buyers the best zero fee range market-wide.

Part of the range is a 40% deposit 2 year fix at 1.85%, which is an exceptionally low rate to be offered without a fee.

As well as zero fee options Barclays has also cut various 5 year fixed rates.

Reduced rate highlights include:

  • A 5 year fix for 70% LTV at 2.59% with a £999 fee.
  • A 5 year fix for 75% LTV at 2.69% with a £999 fee.

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With fears of an interest rate rise subsiding trackers are beginning to look more attractive for borrowers. In response Barclays has launched a new 2 year tracker at 1.34% +base with a £999 fee.

In addition Barclays has also launched a 3 year fix where the rate reduces over the 3 year period. The deal is available at 85% LTV with a rate starting at 3.09%, reducing to 2.99% in the second year and 2.89% in the third year

If you would like to review Barclays' mortgage range, and find out about the newly introduced mortgage-holders Barclays Blue Rewards scheme, call us at Deal Direct on 0800 048 8828.

We can review deals offered by Barclays for your deposit level comparing them on a ‘like for like’ basis against the wider market.

Our advisers are dedicated to ensuring you end up with the most competitive mortgage for your needs.

For impartial advice and a low rate quote call us today.

Deal Direct are here to find you a competitive mortgage.

Call us on 0800 048 8828.

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Article published: Wednesday, April 29, 2015
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