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Barclays overhauls mortgage range

Barclays has overhauled its buy-to-let mortgage range by introducing tracker and fixed rate products up to 80% loan-to-value and cutting rates across its landlord and residential products.

The new buy-to-let products include a two-year tracker at 3.29% up to 60% loan-to-value for loans between £50,000 and £500,000 with a fee of £999.

Buy-to-let rate cuts include a reduction of 0.30% to 2.99% for its two-year fixed rate at 60% loan-to-value with a fee of £1,999 for loan sizes between £50,000 to £500,000.

A five-year fixed rate at 3.49% up to 75% loan-to-value with a £999 fee has been introduced to its residential range while its two-year fixed rate has been cut to 3.99% for loans up to 90% LTV with a fee of £999.

Andy Gray, director of mortgages for Barclays, said: “We are pleased to announce we are making a number of positive changes to both our residential fixed rate range and our buy-to-let range which could benefit first-time buyers, home movers, remortgage, rate switch customers and buy-to-let landlords.”

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