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Barclays is relaunching its 75% LTV buy-to-let deals through brokers tomorrow and introducing a new 10-year fixed rate on its residential range.

Last week the lender launched its B2L 75% deals through its direct channel, but from tomorrow it will re-introduce its products via brokers as well.

It is offering a two-year fixed rate up to 75% LTV at 5.29% and a two-year tracker up to 75% LTV at base +3.99%.

It says it has listened to feedback around the fees and the products available through its direct and broker channel and will now provide a tiered fee approach:

For deals between £50,000 and £125,000 the fee will be £1,999
Between £125,000 and £250,000 the fee will be £2,999
Over £250,000 the existing £3,999 fee will remain
At the same time it is introducing a 10-year fixed rate at 70% LTV with a rate of 4.99% and cutting its three-year fixed rate at 90% LTV to 5.99%.

Andy Gray, head of mortgages for Barclays says: “Today’s mortgage changes are about boosting the availability of buy-to-let and providing competitive longer term deals in the residential mortgage market with the launch of a 10 year deal to support borrowers who are worried about the long term base rate outlook.”

The lender is also adjusting some of its other price points to manage demand across its product mixes. It says this is set against a backdrop of a series of economic indices surrounding the continued global and Eurozone uncertainty which have influenced funding across the market.

The two-year fixed rate at 70% LTV which includes its Great Escape mortgage is increasing by 0.25% from 3.49% to 3.74% and all its tracker and offset mortgages will increase by up to 0.21%.

3mc is offering a bridge and remortgage deal from Aldermore Commercial Mortgages and Precise Mortgages.
Rob Lankey, managing director of Aldermore Commercial Mortgages, says: “The team at 3mc has identified a growing market opportunity and has responded with an attractive package that combines both bridging and an exit route using an Aldermore buy-to-let mortgage.

“We look forward to working with 3mc to ensure this package is a great success.”

Doug Hall, director of 3mc, adds: “As the vanilla buy-to-let market continues to grow and develop so does the specialist buy-to-let market.”

The product is designed for buy-to-let investors and combines a standard bridge from Precise with a remortgage exit from Aldermore.

It will be processed by 3mc using the same valuer for both lenders.

Hinckley & Rugby Building Society has cut the rates on three of its lifetime discount mortgages.
The 75% and 80% LTV deals have an arrangement fee of £195, while the 85% LTV deal has an arrangement fee of £395. All products also come with a £695 completion fee.

Chris White, chief executive of Hinckley & Rugby, says: “Thanks to these rate cuts our discount mortgages are even more appealing. We expect them to be very popular.

“Given they are lifetime discounts, these are very competitive mortgages.”

The society has reduced its lifetime discount deal at 75% LTV from 3.39% to 3.29%, a discount of 2.35% from its SVR.

At 80% LTV the product now has a rate of 3.39%, down from 3.49%, while at 85% LTV it has a rate if 3.79%, down from 3.89%.