Barclays has cut buy-to-let mortgage rates across its purchase, remortgage and existing mortgage customer ranges, with reductions spanning fixed, green home and tracker products.
Purchase rates
For landlords looking to purchase, two-year fixed rates at 60% LTV fall from 4.95% to 4.70% on the Premier product and from 5.05% to 4.80% on the standard equivalent, both with a £899 fee. At 75% LTV, the two-year fixed drops from 5.15% to 4.92%.
Five-year fixed purchase rates follow a similar pattern, moving from 5.05% to 4.69% at 60% LTV and from 5.10% to 4.89% at 75% LTV, again with a £899 fee throughout.
Green Home BTL
Green Home BTL products see some of the sharper cuts. The two-year fixed at 60% LTV moves from 4.95% to 4.70%, while the five-year equivalent falls from 4.95% to 4.59%. At 75% LTV, the two-year green rate drops from 5.05% to 4.82% and the five-year from 5.00% to 4.79%.
The purchase tracker at 75% LTV also edges down, from 4.55% to 4.52%, with a £899 fee across all purchase products. Loans are available from £35k up to £1m.
Remortgage rates
On the remortgage side, fee-free options have been repriced alongside their £999 fee equivalents. The fee-free two-year fixed at 60% LTV falls from 5.20% to 5.02%, while the £999 fee version drops more sharply, from 4.95% to 4.67%. At 75% LTV, the fee-free two-year rate comes down from 5.50% to 5.10%, with the £999 product moving from 5.05% to 4.88%.
Five-year remortgage rates see similar treatment: the fee-free option at 60% LTV falls from 5.05% to 4.79%, and the £999 equivalent from 4.75% to 4.65%. At 75% LTV, the fee-free five-year drops from 5.27% to 4.97%, with the £999 version moving from 4.88% to 4.78%.
Remortgage trackers also fall, with the two-year at 60% LTV down from 4.50% to 4.40% and the 75% LTV equivalent from 4.65% to 4.52%.
Existing mortgage customers
Existing mortgage customers on Barclays’ EMC Reward BTL range see cuts across the board. Two-year fixed rates at 65% LTV move from 4.95% to 4.67% with a £999 fee, and from 5.20% to 5.02% fee-free. At 75% LTV, the £999 two-year fixed falls from 5.05% to 4.88%, with the fee-free version dropping from 5.50% to 5.10%.
Five-year EMC rates at 65% LTV fall from 4.75% to 4.65% with a £999 fee, and from 5.05% to 4.79% fee-free. At 75% LTV, the five-year fixed moves from 4.88% to 4.78% on a £999 fee basis, and from 5.27% to 4.97% fee-free.
For existing customers borrowing above 75% LTV, the two-year fixed fee-free rate falls from 5.71% to 5.30%, with the five-year equivalent dropping from 5.47% to 5.17%.
Larger loan EMC products, available from £1m to £2m at 60% LTV, also see reductions: the two-year fixed moves from 5.05% to 4.80% and the five-year from 5.05% to 4.69%, both with a £1,795 fee. EMC tracker rates fall to 4.40% at 65% LTV and 4.52% at 75% LTV, both with a £999 fee.