Barclays 2-year fixed rate mortgage 1.28%, £999 fee, up to 50% LTV
84°Expired

Barclays 2-year fixed rate mortgage 1.28%, £999 fee, up to 50% LTV

Editor 4
Editor
Found 3rd Jan
Barclays has revamped its mortgage deal and is now offering the following:
  • Two-year fixed rate at 1.28%
  • £999 fee
  • Available to both purchasers and remortgagers with 50% deposit/equity.

How to compare mortgage deals
As always, it’s important to calculate the total cost of a mortgage deal. You can do this by adding together the total monthly payments over the fixed period (2 x 12 = 24 payments in this case) then adding any product fee minus any cashback.

Why I like this product
This is a cheap rate if you have a 50% deposit or – more likely – equity in your home and are looking for a two-year fix.
Community Updates
Barclays Bank Deals

Groups

Top comments
I’d expect a mortgage with no fee if I had a 50% deposit!
£999 fee on a 2 year fixed mortgage is adding another £41 pm into your repayments!
I got a 2.0%apr rate on a 5 year deal with no fee,Granted I had 35%LTV mortgage but still £999 is a ridiculous fee on a 2 year deal.
4 Comments
Taking a 2 year mortgage right now will leave you walking straight into an interest rate minefield in 2 years - 5 years is the sweet spot, build up plenty of equity to offset the further interest rate hikes .... they're only going one way, up!!
I’d expect a mortgage with no fee if I had a 50% deposit!
£999 fee on a 2 year fixed mortgage is adding another £41 pm into your repayments!
I got a 2.0%apr rate on a 5 year deal with no fee,Granted I had 35%LTV mortgage but still £999 is a ridiculous fee on a 2 year deal.
Pvfc123456789017 h, 4 m ago

I’d expect a mortgage with no fee if I had a 50% deposit!£999 fee on a 2 ye …I’d expect a mortgage with no fee if I had a 50% deposit!£999 fee on a 2 year fixed mortgage is adding another £41 pm into your repayments!I got a 2.0%apr rate on a 5 year deal with no fee,Granted I had 35%LTV mortgage but still £999 is a ridiculous fee on a 2 year deal.


Agreed IF there are other mortgage deals available at same interest rate with no fees....not sure if is or not haven't looked, but I thought from recollection there were 2 year deals at 0.98% if you had 50%+ equity.

If no fee deals are at a higher interest rate then this may actually be the cheaper option.
Not voted either way, but whether you would save with this low rate 2 year deal with £999 fee would depend on the amount borrowing. Just checked on HSBC and they are still doing their 5 year fixed fee saver for 60% LTV at 1.99%.

On £150k mortgage OP's deal would save you £201 over the first two years taking the fee into account. But if only borrowing £90k you would pay back £279 more on OP's deal compared to HSBC, plus with 5 year fixed you would still have a fairly low rate locked in for another 3 years, assuming interest rates start to creep up over the next 2 years.
Post a comment
Avatar
@
    Text