Barclays launches 90% LTV deals

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Barclays is set to increase the maximum LTV of its Woolwich mortgage fixed rate range to 90% LTV from tomorrow.

The 90% LTV range will include a fee-free three-year fixed rate at 4.99% and a five-year fixed rate at 5.49%. The five-year fix has no application fee for customers who qualify for a Barclays Loyalty mortgage and a £499 fee for all other borrowers. All the deals revert to a lifetime tracker of 3.39% above base after the fixed rate period ends, while all the 80% and 85% LTV mortgages will be maintained at their current rates. The 90% LTV range is open to home movers, first-time buyers and remortgagers. Andy Gray, head of mortgages for Barclays, said: “As one of the UK's largest l...

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