2 Year Fixed Barclays loyalty mortgages ** 1.99 %
Expired

2 Year Fixed Barclays loyalty mortgages ** 1.99 %

15
Found 10th Oct 2013
2 Year Fixed Barclays loyalty mortgages***
1.99%until 31 Dec '15 3.89% (BBBR + 3.39%)variable for the remaining term *
3.7% APR 60%
Application fee: £499
3% of the balance repaid until 31 Dec '15

Overview
Loyalty mortgages

To qualify for Barclays loyalty mortgages, customers must have an open and active Barclays Personal current account that has been credited with a minimum of £800 in each of the last 3 months
Plus, you can include transfers-in from any other Barclays accounts as part of the £800
Customers must be 18 years or over to apply for a mortgage.


Fixed rate mortgages

Have the security of knowing how much you're paying each month during the fixed rate period (early repayment charges apply during the fixed rate period).
Borrow up to 90% for purchases and remortgages (restricted to 80% for additional borrowing). Subject to application and status
Take your fixed rate with you if you move home (fees may apply)
Flexibility to overpay by up to 10% per year with no early repayment charge (early repayment charges will apply if you overpay more than this during the fixed rate period)

15 Comments

Original Poster

Can anyone beat this deal for a fixed 2 year mortgage?

What's the interest rate?

MsChuple

Can anyone beat this deal for a fixed 2 year mortgage?



What's the rate, what's the fee. Needs adding to the post as its not clear what the deal is. Thanks

Original Poster

2 Year Fixed Barclays loyalty mortgages***
1.99%until 31 Dec '15 3.89% (BBBR + 3.39%)variable for the remaining term *
3.7% APR 60%
Application fee: £499
3% of the balance repaid until 31 Dec '15

I hope this helps

MsChuple

2 Year Fixed Barclays loyalty mortgages***1.99%until 31 Dec '15 3.89% … 2 Year Fixed Barclays loyalty mortgages***1.99%until 31 Dec '15 3.89% (BBBR + 3.39%)variable for the remaining term * 3.7% APR 60% Application fee: £499 3% of the balance repaid until 31 Dec '15 I hope this helps



Is the LTV 60 percent?

whats the LTV?

Original Poster

60%

Original Poster

If someone is giving this a cold vote, please can you let me know why or suggest a better offer. that would be more helpful.8)

Ltv = loan to value
You must have 40% deposit

not for everyone:(

I wouldn't opt for a two year fixed mortgage in current environment, my personal opinion is that you would better off fixing for a longer period given interest rates can only go one way.

If you are after a 2 yr fix, the Barclays offer looks good if you have a 40 percent deposit and willing to have your bank account with them. You can get a slightly better deal with Nationwide if you fit into the below groups:

First time buyers could get a 2 yr fix with 40 percent deposit for 1.94 percent and £499 fee
Existing customer deal ended a 2yr fix with 40 percent deposit for 2.24 percent, no fee (3.6 percent apr), so in comparative terms is cheaper than Barclays

However the longer term fixes seem a better deal with nationwide.

Edited by: "Chanchi32" 10th Oct 2013

Original Poster

Thank you Chanchi.. (_;) may consider getting a longer term now..

Chanchi32

I wouldn't opt for a two year fixed mortgage in current environment, my … I wouldn't opt for a two year fixed mortgage in current environment, my personal opinion is that you would better off fixing for a longer period given interest rates can only go one way.If you are after a 2 yr fix, the Barclays offer looks good if you have a 40 percent deposit and willing to have your bank account with them. You can get a slightly better deal with Nationwide if you fit into the below groups:First time buyers could get a 2 yr fix with 40 percent deposit for 1.94 percent and £499 feeExisting customer deal ended a 2yr fix with 40 percent deposit for 2.24 percent, no fee (3.6 percent apr), so in comparative terms is cheaper than Barclays However the longer term fixes seem a better deal with nationwide.



Don't forget the longer term it is the higher rate you are going to pay. So you will lose out if the rates does not hike within 2 years. Based on current economic condition, it's pretty safe to say the current low rate will stick around.

Im just getting mine. Woolich, 2.75% fixed for 4 years, no product fee, 70% LTV.

Silver420

Im just getting mine. Woolich, 2.75% fixed for 4 years, no product fee, … Im just getting mine. Woolich, 2.75% fixed for 4 years, no product fee, 70% LTV.

Is this on the website I can't find it! Hubby applying for new fixed rate this afternoon and this sounds ideal.
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