Barclays extends fixed-rate mortgage deals


Barclays has announced plans to extend its range of fixed-rate mortgage deals to 90 per cent loan-to-value (LTV).
Carried out via its mortgage arm Woolwich, the move will include the introduction of a competitive fee-free three-year fixed-rate at 4.99 per cent.
It is hoped the developments will help homeowners looking to move or remortgage their property attain more affordable home loans .
Also included in the 90 per cent range is a five-year, fixed-rate option at 5.49 per cent, with customers who qualify for a Barclays Loyalty mortgage having no requirement to pay an application fee .
Andy Gray, head of mortgages for Barclays – which operates in more than 50 countries and employs almost 150,000 people – noted: “As one of the UK’s largest lenders, we recognise the importance of supporting the first-time buyer market which is why we’ve committed today to extend our lending to 90 per cent.”
Mr Gray added this year has seen an increasing number of higher LTV mortgages boasting competitive rates surfacing in the market, adding the Barclays home loan package is one of the best available over the last three years. 

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