Barclays announce they intend to cut rates on Help to Buy and BTL tomorrow Barclays will cut the rate on its Help to Buy, residential and buy-to-let product ranges tomorrow as well as launch a new 90 per cent LTV five-year fixed rate at 4.89 per cent! They announced that it has increased net lending under the FLS by a greater amount than any other lender, demonstrating its commitment to supporting people by giving access to finance, grow their business, buy a new home or improve their quality of life. Steve Cooper commented: “This is a real boost for UK homebuyers, giving them access to cheaper mortgage deals, brought about by the combination of the low base rate and the continued benefits of the Funding for Lending Scheme. Fixed rates are proving increasingly popular with borrowers who are looking for the certainty of securing their mortgage payments over the longer term and we have helped these customers by giving them access to some of our lowest ever fixed rates in 2013, including the 10-year fixed launched today. “As well as being of benefit to homebuyers, these products are also available to remortgage customers. With mortgage rates at historic lows, we would encourage existing homeowners to review their mortgage as they could benefit from substantial cost savings.” Barclays managing director for mortgages Andy Gray says: “We know that people are struggling to get on the property ladder and save big deposits for their home move and so these changes will mean that those borrowers with smaller deposits can now secure better rates. The buy-to-let market continues to grow and today’s changes are about ensuring that we continue to offer landlords good choice and access to great deals.”
Posted on: Thu, 04 Jul 2013 11:25:48 +0000
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