Unfortunately, this deal is no longer available
10 Year Fixed Rate Mortgage - 1.99% (£999 Fee) or 2.12% without Fees - 60% LTV @ Barclays
1647° Expired

10 Year Fixed Rate Mortgage - 1.99% (£999 Fee) or 2.12% without Fees - 60% LTV @ Barclays

Barclays Bank Deals
Expert (Beta)189
Expert (Beta)
1647° Expired
10 Year Fixed Rate Mortgage - 1.99% (£999 Fee) or 2.12% without Fees - 60% LTV @ Barclays
Posted 1st Aug 2020

This deal is expired. Here are some options that might interest you:

Has to got to be one of the best deals around - unusual to see 10 year fixed for less than 2% - if you are looking to remortgage or take a new one - this could work nicely provided you have a deposit to make the 60% LTV work.

3517045-ut3Ih.jpg
Hope it helps someone.
Community Updates
Top comments
paulj4801/08/2020 15:20

Prices have rissen over the last month.


Mass effects from Covid haven’t been seen yet either. Plus the middle rung houses that now save on stamp duty, don’t really care as they won’t be planning to sell the recently bought house for a long time. Making the worry of house price drops not really an issue.

Almost no one I know agree with me but the LDN fall out will be massive and I personally think everyone has underestimated the job impacts it will have come next year.

Furlough seems to have given people so much false confidence in their financial security.

The Goverment help to buy will fall soon. Massively inflated new builds that are 20% back by Government that needs to be paid back. If there is even the slightest whiff of issues those people will struggle to pay the government back and be forced to sell. They are also often the types of people to have both cars on finance, credit cards and 3 holidays a year.
At least for where I live in Northampton anyway.
Edited by: "GLA" 1st Aug
Barclays are thiefs charging that 999 fee
bagga21201/08/2020 14:47

Barclays are thiefs charging that 999 fee


Feel free to set up your own bank and run it profitably. No one is forcing anyone to buy from Barclays.
bagga21201/08/2020 14:47

Barclays are thiefs charging that 999 fee


Why? They’re a business at the end of the day, not a charity.

There’s also a no fee option available.
Edited by: "toonarmani" 1st Aug
189 Comments
Stick to five years
Barclays are thiefs charging that 999 fee
Better off doing 2-5 years closer to 1% , mine has been 1.6% last 2 2 year fixed deals. It’s coming up to end in December and I think it will be closer to 1.34% now
With no fee
Wow that's is so cheap for 10 years fix, best time to buy a house
bagga21201/08/2020 14:47

Barclays are thiefs charging that 999 fee


Why? They’re a business at the end of the day, not a charity.

There’s also a no fee option available.
Edited by: "toonarmani" 1st Aug
RarrKind01/08/2020 15:00

Wow that's is so cheap for 10 years fix, best time to buy a house


Unless prices drop
paulj4801/08/2020 15:20

Prices have rissen over the last month.


Mass effects from Covid haven’t been seen yet either. Plus the middle rung houses that now save on stamp duty, don’t really care as they won’t be planning to sell the recently bought house for a long time. Making the worry of house price drops not really an issue.

Almost no one I know agree with me but the LDN fall out will be massive and I personally think everyone has underestimated the job impacts it will have come next year.

Furlough seems to have given people so much false confidence in their financial security.

The Goverment help to buy will fall soon. Massively inflated new builds that are 20% back by Government that needs to be paid back. If there is even the slightest whiff of issues those people will struggle to pay the government back and be forced to sell. They are also often the types of people to have both cars on finance, credit cards and 3 holidays a year.
At least for where I live in Northampton anyway.
Edited by: "GLA" 1st Aug
Also the US looks like it will hit negative interest rates shortly. So I would pay attention to them. As much as people will disagree, we are very much tied to the US
bagga21201/08/2020 14:47

Barclays are thiefs charging that 999 fee


Feel free to set up your own bank and run it profitably. No one is forcing anyone to buy from Barclays.
10 year fix for less than 2% been around a little while.
GLA01/08/2020 15:34

Almost no one I know agree with me but the LDN fall out will be massive …Almost no one I know agree with me but the LDN fall out will be massive and I personally think everyone has underestimated the job impacts it will have come next year.


Totally agree, in my line of work I see the inner runnings of many companies and most are planning lots of layoffs as soon as the furlough scheme ends as without it they cannot cope. IMO we're in the eye of the storm in terms of the long term impact of COVID19. They're propping it up with all of these grants but soon as that stops we'll see the true impact.
bozo00701/08/2020 15:42

Feel free to set up your own bank and run it profitably. No one is forcing …Feel free to set up your own bank and run it profitably. No one is forcing anyone to buy from Barclays.


There's better deals to be had. I wouldn't personally be chasing a 10.year fix
How is this hot...
GLA01/08/2020 15:38

Also the US looks like it will hit negative interest rates shortly. So I …Also the US looks like it will hit negative interest rates shortly. So I would pay attention to them. As much as people will disagree, we are very much tied to the US


Youre just the worlds most optimistic person arent you covid will have an affect but not as big as you're hoping / prophesising. Housing is how the Tories make their money so they'll do whatever needs to be done to keep that cash cow going, getting rid of stamp duty is a perfect example of that and just because interest rates go negative, it doesnt mean mortgage rates will.
codebee01/08/2020 15:50

Totally agree, in my line of work I see the inner runnings of many …Totally agree, in my line of work I see the inner runnings of many companies and most are planning lots of layoffs as soon as the furlough scheme ends as without it they cannot cope. IMO we're in the eye of the storm in terms of the long term impact of COVID19. They're propping it up with all of these grants but soon as that stops we'll see the true impact.


I’ve sampled a few of my friend groups and anyone that worked in private sector jobs, were all planning lay offs. My company just laid off 80% of the people that were on furlough. 12,000 going at BA that haven’t gone yet. Everything is in a government suspended limbo and people either don’t care or just don’t realise what is about to happen when that safety net is removed.

I was also listening to Jeramy Vine earlier in the week and so many jobs have seen a 100x increase in applications.
He had on the show someone that was a boss at a new factory in Birmingham that does compressors, they had 10 jobs and received over 10,000 applications for them 😳
Edited by: "GLA" 1st Aug
c5801/08/2020 15:55

Youre just the worlds most optimistic person arent you covid will …Youre just the worlds most optimistic person arent you covid will have an affect but not as big as you're hoping / prophesising. Housing is how the Tories make their money so they'll do whatever needs to be done to keep that cash cow going, getting rid of stamp duty is a perfect example of that and just because interest rates go negative, it doesnt mean mortgage rates will.


Nooo just realistic IMO, I hope I’m wrong as my family, friends and a lot of people will be hugely affected if I am right.

I’m just sceptical of these analysts with invested interests and projections etc. We were told 2007 couldn’t happen that went well... I was told it was a once in a generation recession, now we look to have hit the deepest one we have ever seen. GDP has tanked to its worst fall ever recorded. An extra 500 billion in dept, to a total of 2.3trillion I think. I feel like everyone is just ignoring all these screaming points of data that are all pointing towards a hellish time for the next few years.

Think of all the fresh graduates that will have 0 chance of any form of job prospects, I mean who would hire a grad when Job Blogs who’s 35 with 15 years industry experience has been made redundant and is applying for the same job

It also looks like we might have a second wave to, if that happens absolute, job loss and house price carnage will ensue.

The getting rid of stamp duty for me was just so the middle earners can shift their houses.

First time buyers already had stamp duty exemptions to £300k or £500k LDN. The issue I keep seeing is none of the starter homes appear to be selling. With 10% deposit only back a few weeks ago and those that do lend at 10% have much stricter criteria, you might find the whole chains dry up with the eventual lack of first time buyers.

I personally feel you would have to be mad to buy your first home while Covid is completely still a very real threat.

Anyway this thread is about 60% LTV, so far removed for FTB’s, so I will shut up
Edited by: "GLA" 1st Aug
The difference in 1yr GBP Libor and 10yr GBP Libor is 0.1%. This is not a deal as yield curves are not behaving as they have done in the past. There is no need to rush into anything or fix for an overly long period. The markets indicate that rates are more than likely going to continue to fall.
GLA01/08/2020 16:01

Nooo just realistic IMO, I hope I’m wrong as my family, friends and a lot o …Nooo just realistic IMO, I hope I’m wrong as my family, friends and a lot of people will be hugely affected if I am right. I’m just sceptical of these analysts with invested interests and projections etc. We were told 2007 couldn’t happen that went well... it looks like we might have a second wave to, if that happens absolute, job loss and house price carnage will ensue.The getting rid of stamp duty for me was just so the middle earners can shift their houses.First time buyers already had stamp duty exemptions to £300k or £500k LDN. The issue I keep seeing is none of the starter homes appear to be selling. With 10% deposit only back a few weeks ago and those that do lend at 10% have much stricter criteria, you might find the whole chains dry up with the eventual lack of first time buyers.I personally feel you would have to be mad to buy your first home with Covid is completely still a very real threat.Anyway this treat is about 60% LTV, so far removed for FTB’s, so I will shut up


I’m not sure that’s right... stamp duty was applicable from £125k for everyone until July... and this stamp duty holiday (?) is driving a house price increase or staying stable...

I would imagine falls will likely be next year when stamp is applies again. Buts it’s really only a guess from me
jchung0701/08/2020 16:12

I’m not sure that’s right... stamp duty was applicable from £125k for ever …I’m not sure that’s right... stamp duty was applicable from £125k for everyone until July... and this stamp duty holiday (?) is driving a house price increase or staying stable... I would imagine falls will likely be next year when stamp is applies again. Buts it’s really only a guess from me


Not for first time buyers. I think in 2017 they introduced an exemption up to 300k for any first time buyers to help them get on the market

Also it’s a guess from me to. No one is certain for anything at the moment.
Edited by: "GLA" 1st Aug
RarrKind01/08/2020 15:00

Wow that's is so cheap for 10 years fix, best time to buy a house


Unless you lose your job. Thousands made redundant already and many more to come. Depends on personal circumstances and how quickly you could get another job with samevor better level of pay.
ran123ran01/08/2020 16:20

Unless you lose your job. Thousands made redundant already and many more …Unless you lose your job. Thousands made redundant already and many more to come. Depends on personal circumstances and how quickly you could get another job with samevor better level of pay.


Off course one should consider the risks before hand it's a huge commitment
Would people think now is a bad time to buy then, i am looking at buying a new house at the moment... i think my job seems ok at the moment
gsusx01/08/2020 17:10

Would people think now is a bad time to buy then, i am looking at buying a …Would people think now is a bad time to buy then, i am looking at buying a new house at the moment... i think my job seems ok at the moment


It’s never a bad time to buy provided you look at it from a long term perspective, property in general tends to hold its price or better itself over time. Also if you are a first time buyer then the rents you are paying is money down the drain anyways.
gsusx01/08/2020 17:10

Would people think now is a bad time to buy then, i am looking at buying a …Would people think now is a bad time to buy then, i am looking at buying a new house at the moment... i think my job seems ok at the moment


There’s always going to be something and some reason why you should not do something or buy a house.
Yes COVID is bad and has devastated many areas, but we will bounce back from it eventually,
Pain will come but there is light at the end of the tunnel.

Just do what ever financially you can comfortably 🏻
matwalaboy01/08/2020 17:17

It’s never a bad time to buy provided you look at it from a long term p …It’s never a bad time to buy provided you look at it from a long term perspective, property in general tends to hold its price or better itself over time. Also if you are a first time buyer then the rents you are paying is money down the drain anyways.


Some what disagree but as a general rule you’re correct. Limited supply will always drive prices up in the longer term.

However if you had been unfortunate enough to buy in 2007 it would have taken until on avg 2015 for your house to be worth the same as In 2007


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Should you have only got a 2 year fixed mortgage, you could have very easily found yourself in harsh negative equity and mortgage trapped into the SVR rates. Many people are still trapped to this day from bad buys in 2007.

So personally I would just be careful.

If you’re doing a 20% deposit and plan to keep the house for over 5 years plus, I agree with you. But if you’re 5% or 10% first time buyer, I wouldn’t touch a house until we know if we will get second wave or a vaccination for Covid etc.

These are completely unprecedented times, who knows how badly everything might be affect. Why take the risk as a first time buyer. I personally can’t see any upside to buying a first house right now. Time is your friend just wait until the new year at least IMO
Edited by: "GLA" 2nd Aug
GLA01/08/2020 17:36

Some what disagree but as a general rule you’re correct. Limited surplus w …Some what disagree but as a general rule you’re correct. Limited surplus will always drive prices up in the longer term.However if you had been unfortunate enough to buy in 2007 it would have taken until on avg 2015 for your house to be worth the same as In 2007[Image] Should you have only got a 2 year fixed mortgage, you could have very easily found yourself in harsh negative equity and mortgage trapped into the SVR rates. Many people are still trapped to this day from bad buys in 2007.So personally I would just be careful.If you’re doing a 20% deposit and plan to keep the house for over 5 years plus, I agree with you. But if you’re 5% or 10% first time buyer, I wouldn’t touch a house until we know if we will get second wave or a vacation for Covid etc.These are completely unprecedented times, who knows how badly everything might be affect. Why take the risk as a first time buyer. I personally can’t see any upside to buying a first house right now. Time is your friend just wait until the new year at least IMO


And I don't want to mention the "b" word, but if there is no kind of a deal then January might be a very interesting time. Personally I wouldn't be making any big financial decisions until well into next year.
M_z01/08/2020 17:42

And I don't want to mention the "b" word, but if there is no kind of a …And I don't want to mention the "b" word, but if there is no kind of a deal then January might be a very interesting time. Personally I wouldn't be making any big financial decisions until well into next year.


Completely agree. If you are happy where you are and don’t need to buy a first house, I wouldn’t just yet.

I get it if you’re renting a 1 bed flat and want to buy a nice house with a garden. Then your well-being and happiness etc will be up ten fold, sure crack on buy a house if you want.

Other then that I’d wait
Edited by: "GLA" 1st Aug
Decent offer. 10 years is a long time. Rates will go up and down. House prices my come down but they will go back up again. If you want to stay somewhere for a long stint it's good deal.
Personally I think this is too long. 2 year fix is what I will go for next year I think. Lenders price in the risk of rate rises plus a margin so they are perhaps excessively high rates by comparison. I personally don't think rates are going up any time soon given the government need to increase investment in the post covid economy. Imo you'd still be able to get this deal or better in 2-4 years time. I'm not a qualified advisor though.....
Who has 40% deposit though?! Not many first time buyers thats for sure
bagga21201/08/2020 14:47

Barclays are thiefs charging that 999 fee



Why if you don't want to pay, it don't. If you do and it is still a good deal for you, then pay it.

It's just really basic economy.
It’s Barclays.
rylo_c01/08/2020 18:48

Who has 40% deposit though?! Not many first time buyers thats for sure


No, probably not many first time buyers but literally millions of home owners looking to re-mortgage will have a LTV ratio of 60% or less.
Edited by: "spoo" 1st Aug
codebee01/08/2020 15:50

Totally agree, in my line of work I see the inner runnings of many …Totally agree, in my line of work I see the inner runnings of many companies and most are planning lots of layoffs as soon as the furlough scheme ends as without it they cannot cope. IMO we're in the eye of the storm in terms of the long term impact of COVID19. They're propping it up with all of these grants but soon as that stops we'll see the true impact.


Too true and completely agree with you being an accountant!
GLA01/08/2020 15:34

Mass effects from Covid haven’t been seen yet either. Plus the middle rung …Mass effects from Covid haven’t been seen yet either. Plus the middle rung houses that now save on stamp duty, don’t really care as they won’t be planning to sell the recently bought house for a long time. Making the worry of house price drops not really an issue.Almost no one I know agree with me but the LDN fall out will be massive and I personally think everyone has underestimated the job impacts it will have come next year.Furlough seems to have given people so much false confidence in their financial security.The Goverment help to buy will fall soon. Massively inflated new builds that are 20% back by Government that needs to be paid back. If there is even the slightest whiff of issues those people will struggle to pay the government back and be forced to sell. They are also often the types of people to have both cars on finance, credit cards and 3 holidays a year.At least for where I live in Northampton anyway.


Help To Buy is why the government has introduced measures to keep house prices steady or growing.

As of March the government had equity to the tune of £16bn in 272k houses.

If prices fall and people start selling up or redeeming the loan the government will lose a bucket load of money on the scheme.

They're basically the biggest investor in residential property and also pull the strings that can define the market.

It is a huge con.
renewed with lloyds today (deal switch) - 1.69% - no fees - 60% LTV - 5 years. last mortgage deal i’ll ever have hopefully... i dont understand how/why people pay/charge these fees
Anyone able to recommend a 80 or 90% LTV mortgages. Or should I go to a broker.
Simonsaves01/08/2020 17:59

Decent offer. 10 years is a long time. Rates will go up and down. House …Decent offer. 10 years is a long time. Rates will go up and down. House prices my come down but they will go back up again. If you want to stay somewhere for a long stint it's good deal.


The Housing Market is a rigged game, so yeah they will probably go for the medium term, but fundamentals are changing and when the next generation, who cannot afford to buy a house, become a larger part of the electorate, policies will change. High House prices can eventually become a drag on the economy, but do not expect current politicians to care.
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