Barclays launches new build mortgage range

Barclays launches new build mortgage range



Barclays has launched a range of new build mortgage products to help first time buyers..


Barclays has launched a range of new build mortgage products to help first time buyers.

The bank is offering two and five-year fixed rates, as well as a two-year tracker, available for the purchase of flats and houses at 85% LTV.

Rate reductions have also been made across Barclays’ 3, 5 and 10-year fixed and tracker rates on residential mortgages, with LTVs ranging from 60% to 70%.

Craig Calder, Director of Mortgages for Barclays, said: “This package of new products and rate reductions is designed to help more hard-working first time buyers to achieve their ambition of home ownership.

“The gap between income and house prices is at its widest in London, which is why Barclays is committed to supporting the new ‘London Help to Buy’ initiative and providing other innovative ways to help even more people to afford a home, either in the capital or elsewhere in the UK.”

Barclays, which recently announced that it will be supporting the new Help to Buy London scheme, said it has improved its Help to Buy mortgage range with two and five-year fixed rates and two-year trackers available at 75% LTV. 



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