Barclays lowers their Help to Buy mortgage by 0.36%
Barclays have lowered their three-year Help to Buy fixed rate mortgage by 0.36%. The lender's 5% deposit mortgage was 5.35% but it is now a more attractive 4.99%. There is no arrangement fee and the APR is 4.8%.
Earlier this week a host of mortgage lenders increased their 5% deposit mortgages by 0.2%, pushing many of the Help to Buy deals further up the best-buy table.
Trinity Financial has access to Santander for Intermediaries' leading Help to Buy two-year fixed rate at 4.99% and it does not have an arrangement fee. The APR is 5%.
Applicants will need an excellent credit score to qualify for these mortgages and they will not be able to borrow more than approximately four-times their salary. Help to Buy mortgages typically have a maximum loan size of £570,000.
February 21, 2014