Barclays Launches 75% LTV Buy to Let Mortgages

One of the leading UK mortgage lenders – Woolwich, the arm of Barclays – introduces new buy to let loans to meet the demand from British property investors.

From Thursday, November 3rd, Woolwich - the mortgage arm of Barclays - extended its range of buy to let loans by introducing 75% loan-to-value mortgages.

The lender has launched a 2-year fixed buy to let mortgage available at 4.99% and a 5-year fixed mortgages at 4.39%. The third product introduced by the bank onto the market is a lifetime tracker available at 3.49% plus the base rate.

The minimum value of the loan available at 75% LTV is 50,000 pounds; the maximum is 1 million pounds.

The product features a 1,999 application fee.

Commenting on the launch of new buy to let mortgages, Andy Gray of Barclays, said: "The demand from buy to let investors has picked up in recent months... s one of the UK's largest lenders we recognise the importance of supporting this market further."