Barclays 7-year fixed mortgage 2.19%, £999 fee, 60% LTV
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Barclays 7-year fixed mortgage 2.19%, £999 fee, 60% LTV

Editor 29
Editor
Found 13th Mar
Barclays has joined a small, but growing, group of mortgage lenders offering seven-year fixed rates. Most deals tend to be for two, five or 10 years.
But if seven years is what you want Barclays is offering:
  • A 7-year fixed rate at 2.19%
  • Available up to 60% LTV
  • £999 fee
  • Available to purchasers and remortgagers.

This product might suit you if:
  • You have a decent amount of equity in your home – it’s available up to 60% LTV
  • You want to ride out possible interest rate rises predicted over the next few years.
  • Your mortgage will be paid off in seven years.
  • You plan to stay put for seven years (otherwise you’ll have to pay early repayment charges to exit the deal).
  • You can’t decide between fixing for five or 10 years – it’s the middle ground.

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 (7 x 12 = 84 payments in this case) then adding any product fee minus any cashback.
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Top comments
Dealmessiah28 m ago

What's a mortgage?


Something that the vast majority of home owners have or have had in the past. The exceptions are those whose mummy and daddy were wealthy, had inheritance or they got extremely lucky. Most of these people are bright enough not to post smug "what's a mortgage?" comments on Web sites because it makes them look like tools.
Edited by: "smk77" 13th Mar
smk7716 m ago

Something that the vast majority of home owners have or have had in the …Something that the vast majority of home owners have or have had in the past. The exceptions are those whose mummy and daddy were wealthy, had inheritance or they got extremely lucky. Most of these people are bright enough not to post smug "what's a mortgage?" comments on Web sites because it makes them look like tools.


Perhaps they mean they can't get a mortgage.
26 Comments
Dealmessiah28 m ago

What's a mortgage?


Something that the vast majority of home owners have or have had in the past. The exceptions are those whose mummy and daddy were wealthy, had inheritance or they got extremely lucky. Most of these people are bright enough not to post smug "what's a mortgage?" comments on Web sites because it makes them look like tools.
Edited by: "smk77" 13th Mar
smk7716 m ago

Something that the vast majority of home owners have or have had in the …Something that the vast majority of home owners have or have had in the past. The exceptions are those whose mummy and daddy were wealthy, had inheritance or they got extremely lucky. Most of these people are bright enough not to post smug "what's a mortgage?" comments on Web sites because it makes them look like tools.


Perhaps they mean they can't get a mortgage.
I like OPs measured recommendations inc pointing out the early repayment charges
smk7735 m ago

Something that the vast majority of home owners have or have had in the …Something that the vast majority of home owners have or have had in the past. The exceptions are those whose mummy and daddy were wealthy, had inheritance or they got extremely lucky. Most of these people are bright enough not to post smug "what's a mortgage?" comments on Web sites because it makes them look like tools.


Whoosh
smk7751 m ago

Something that the vast majority of home owners have or have had in the …Something that the vast majority of home owners have or have had in the past. The exceptions are those whose mummy and daddy were wealthy, had inheritance or they got extremely lucky. Most of these people are bright enough not to post smug "what's a mortgage?" comments on Web sites because it makes them look like tools.


Someone got up on the wrong side of the bed.
  • Your mortgage will be paid off in seven years.

Is the minimum term not 10 years?


Also another one to add to smk77's list. You bought a shell of a house that wasn't mortgageable, bought using savings and personal loans and rebuilt using 0% purchase credit cards and flipping them to 0% balance transfer cards (and is still not finished). I also plan on doing it again!
deleted5795913th Mar

I think they were reffering to the fact most pople struggle to get a …I think they were reffering to the fact most pople struggle to get a mortageg now.


I was.... Ha ha ha.
crazyg55 m ago

This is a good deal. If you can stretch to 50% ltv the Coventry do 2.09%, …This is a good deal. If you can stretch to 50% ltv the Coventry do 2.09%, with the same £999 fee...https://www.coventrybuildingsociety.co.uk/consumer/product/mortgages/standard/fhm91.html


As long as your mortgage is PAYE Coventry is fine. If you are self employed like me it is complete pain to deal with them, too slow in this day and age. My house came back on market because Coventry had a 4 week backlog. So be careful is my advise. I would never go to them again, just cannot be bothered with their slow process.
smk773 h, 49 m ago

Something that the vast majority of home owners have or have had in the …Something that the vast majority of home owners have or have had in the past. The exceptions are those whose mummy and daddy were wealthy, had inheritance or they got extremely lucky. Most of these people are bright enough not to post smug "what's a mortgage?" comments on Web sites because it makes them look like tools.


No such thing as exception for those who had wealthy mummy and daddy’s.
More like wise parents who grafted day and night for their children rather than spend it on booze every weekend.
MusaX26 m ago

No such thing as exception for those who had wealthy mummy and daddy’s. M …No such thing as exception for those who had wealthy mummy and daddy’s. More like wise parents who grafted day and night for their children rather than spend it on booze every weekend.


What a crock of horse.
NewBorn7 h, 26 m ago

Someone got up on the wrong side of the bed.


Nah, there's always some some smart individual on these mortgage deals
deleted5795913th Mar

I think they were reffering to the fact most pople struggle to get a …I think they were reffering to the fact most pople struggle to get a mortageg now.


Not true.

uk.reuters.com/art…4FQ
MusaX4 h, 35 m ago

No such thing as exception for those who had wealthy mummy and daddy’s. M …No such thing as exception for those who had wealthy mummy and daddy’s. More like wise parents who grafted day and night for their children rather than spend it on booze every weekend.


Grafted so hard that by the time their children were old enough to leave home they handed them a house mortgage free?

Most people at best help their kids with a deposit even if they graft day and night. Very few are rich enough so that their kids can live mortgage free.
GAVINLEWISHUKD7 h, 23 m ago

Your mortgage will be paid off in seven years.Is the minimum term not 10 …Your mortgage will be paid off in seven years.Is the minimum term not 10 years?Also another one to add to smk77's list. You bought a shell of a house that wasn't mortgageable, bought using savings and personal loans and rebuilt using 0% purchase credit cards and flipping them to 0% balance transfer cards (and is still not finished). I also plan on doing it again!


I'll give you that one. Smart move but not enough shells or many people with the appetite for such risks.
smk778 h, 34 m ago

Something that the vast majority of home owners have or have had in the …Something that the vast majority of home owners have or have had in the past. The exceptions are those whose mummy and daddy were wealthy, had inheritance or they got extremely lucky. Most of these people are bright enough not to post smug "what's a mortgage?" comments on Web sites because it makes them look like tools.


Taken that comment totally the wrong way, they could of easily meant the opposite, and down to your poor interpretation, you my friend... are the only one looking like a tool round here and a poorly functioning one at that.
£999 fee not great
fatcarp20 m ago

Taken that comment totally the wrong way, they could of easily meant the …Taken that comment totally the wrong way, they could of easily meant the opposite, and down to your poor interpretation, you my friend... are the only one looking like a tool round here and a poorly functioning one at that.



How do you know I've taken it the wrong way when you also say that they 'could of' (it's could have) meant the opposite? You don't know and therefore can't comment on my interpretation...my friend.

Dealmessiah seems to have removed the original post. Why would that be if he/she meant the opposite?

Dealmessiah has also made the exact same comment here

Have a good evening!
We fixed our mortgage for five years in January. I wish I done it for longer now
Quite a step up from the 5 year fix rates (1.74%).

Just about to remortgage so will look at this, thanks for posting.
deleted5795913th Mar

Your OP called Dealmessiah 'Smug' I would say hypocrite much?She/He also …Your OP called Dealmessiah 'Smug' I would say hypocrite much?She/He also possibly knows as Dealmessiah confirmed they meant the opposite.


I removed the original post because I didn't want to hurt any more feelings. It seemed like it was a sore subject.

Being branded a "tool" just shows the true colours and he fact that it had been liked so much shows up even more people.

I'm willing to forgive as I know egos have been affected a little.
Edited by: "Dealmessiah" 14th Mar
Dealmessiah3 h, 33 m ago

I removed the original post because I didn't want to hurt any more …I removed the original post because I didn't want to hurt any more feelings. It seemed like it was a sore subject. Being branded a "tool" just shows the true colours and he fact that it had been liked so much shows up even more people.I'm willing to forgive as I know egos have been affected a little.


I think you missed the point. Whenever there is a mortgage deal there is always someone bragging about being mortgage free and usually with comments similar to yours. That might explain the number of 'likes' and perhaps a misunderstanding of your comment.

For the record, I will be shortly be mortgage free although looking at the possibility of moving (and therefore increasing my mortgage) but it's affordable and I have a good LTV too. It's not a 'sore' subject by any means and certainly not affecting my ego.

I am grateful I am not starting on the housing ladder now. It's virtually impossible for people unless they have parents who can make a significant contribution to the deposit. That's not something my parents had to do but something I am likely to have to do for my own children.

Having a mortgage for the majority of working life is a massive commitment. Many people struggle during the period they are raising a family and with a reduced income. Being mortgage free and bragging on here is really quite pathetic though. If of course you aren't bragging and are actually struggling to obtain a mortgage then you have my sympathy.
smk7717 m ago

I think you missed the point. Whenever there is a mortgage deal there is …I think you missed the point. Whenever there is a mortgage deal there is always someone bragging about being mortgage free and usually with comments similar to yours. That might explain the number of 'likes' and perhaps a misunderstanding of your comment.For the record, I will be shortly be mortgage free although looking at the possibility of moving (and therefore increasing my mortgage) but it's affordable and I have a good LTV too. It's not a 'sore' subject by any means and certainly not affecting my ego.I am grateful I am not starting on the housing ladder now. It's virtually impossible for people unless they have parents who can make a significant contribution to the deposit. That's not something my parents had to do but something I am likely to have to do for my own children.Having a mortgage for the majority of working life is a massive commitment. Many people struggle during the period they are raising a family and with a reduced income. Being mortgage free and bragging on here is really quite pathetic though. If of course you aren't bragging and are actually struggling to obtain a mortgage then you have my sympathy.


I understand your view and I still forgive you.

An apology for calling me a "tool" would also be appreciated.

For future reference, you could have responded with "a mortgage is a loan secured against an asset, usually a house, that allows people to buy a house". Would have been more fun.
smk7722 m ago

I think you missed the point. Whenever there is a mortgage deal there is …I think you missed the point. Whenever there is a mortgage deal there is always someone bragging about being mortgage free and usually with comments similar to yours. That might explain the number of 'likes' and perhaps a misunderstanding of your comment.For the record, I will be shortly be mortgage free although looking at the possibility of moving (and therefore increasing my mortgage) but it's affordable and I have a good LTV too. It's not a 'sore' subject by any means and certainly not affecting my ego.I am grateful I am not starting on the housing ladder now. It's virtually impossible for people unless they have parents who can make a significant contribution to the deposit. That's not something my parents had to do but something I am likely to have to do for my own children.Having a mortgage for the majority of working life is a massive commitment. Many people struggle during the period they are raising a family and with a reduced income. Being mortgage free and bragging on here is really quite pathetic though. If of course you aren't bragging and are actually struggling to obtain a mortgage then you have my sympathy.


Furthermore: you say you've nearly paid your mortgage off. Did you get an inheritance or have rich parents? If not, well then, you can see the irony in my assumption, surely?

Btw - your sympathy is a little bit overbearing in the smug department too.
da_murphster10 h, 39 m ago

Quite a step up from the 5 year fix rates (1.74%).Just about to remortgage …Quite a step up from the 5 year fix rates (1.74%).Just about to remortgage so will look at this, thanks for posting.


if you find one like this with no fee , thatll do me as well.
Fix for 5,7 or 10 years then overpay all you can up to the usual10% limit on a standing order, savings rates are so low it's better to service the debt with any spare money.
If you agree formally with the lender to reduce the term you can't back out if money is tight wheras the standing order has the same effect but you have control. Money saving expert has a calculator tool that shows the benefit of overpaying, my 11 years remaining at £270 per month becomes just over 5 years with an additional standing order overpayment of £200 per month.
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