Good news for landlords and property investors! Barclays has just announced they’re cutting interest rates on their buy-to-let and residential mortgages for existing customers.

This means you could save money on your monthly repayments – and who doesn’t love a bit of extra cash in their pocket?

Buy-To-Let Bargains

Let’s start with the buy-to-let deals. For those of you with a loan-to-value (LTV) of 65%, you can now get a two-year fixed rate as low as 4.95% with a £1,795 fee, or 5.30% with no fee. That’s a 20 basis point (bps) drop compared to before.

If your LTV is 75%, you can get a two-year fix for 5.00% with a fee or 5.34% with no fee – another 20 bps cut.

For those with a higher LTV of over 75%, you can now get a two-year fix at 5.55% with no product fee.

For longer terms, five-year fixed rates at 65% LTV have been cut by 10 bps, with rates now starting at 4.34% with a fee or 4.58% fee-free.

Residential Rate Reductions

Now for the good news on residential mortgages. If you’ve got a 60% LTV, you can now get a two-year fix for 4.67% with a £999 fee or 4.90% fee-free. That’s an 8 bps reduction.

For those with a 75% LTV, two-year rates have fallen by up to 15 bps, starting from 4.75% with a £999 fee and 4.96% fee-free.

The biggest drops are for those with an 85% LTV. Two-year fixed rates have fallen from 5.65% to 5.22% with a fee and from 5.83% to 5.43% fee-free.

For two-year fixes above 85% LTV, rates have reduced by 20 bps to 5.87% fee-free.

Looking at longer terms, five-year Reward products have been cut by up to 27 bps, with rates now starting from 4.45% at 60% LTV and 4.68% at 75% LTV, both fee-free. At 85% LTV, rates have reduced to 4.94% with a fee and 5.03% fee-free, while five-year fixes over 85% LTV now start from 5.78%.

Even 10-year fixed rates at 75% LTV have seen reductions, now starting from 4.95% with a £749 fee and 5.02% fee-free.