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Barclays set to launch into the Help to Buy market

Aaron Strutt Image
Barclays is the latest mortgage lender to announce plans to start offering Help to Buy rates, although they are likely to be more expensive than some of the other low deposit mortgages available.

The lender has said it is going to launch a 5% deposit three-year fixed rate at 5.35% and a five-year fix at 5.49%. There is unlikely to be an arrangement fee attached to these mortgages and, after the fixed rate period, the rate will revert to the Bank of England base rate plus 3.99%.

The Prime Minister David Cameron recently announced that nearly 750 homeowners have completed their property purchases through the second phase of the Help to Buy Scheme. The average Help to Buy customer has purchased a home worth £160,000 and their average household income has been £45,000.

If you would like help to secure a Help to Buy mortgage, call us on 020 7016 0790.

January 17, 2014

As seen in
sunday times telegraph financial times bbc news the express the times
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