22 Nov

Barclays extends remortgage range to help homeowners

Barclays extends remortgage range to help homeowners

People who are interested in buying another house for sale in the UK could be tempted to check out the latest range of remortgage options from Barclays.

The financier has announced that from tomorrow (November 23rd 2010) the Woolwich Great Escape remortgage package will be extended so that the loan-to-value (LTV) is now up to 75 per cent at a rate of 2.98 per cent, instead of the previous high of 70 per cent LTV.

It also comes with a switch-and-fix option, which allows customers to swap the tracker deal to a fixed-rate loan.

Head of mortgages for Barclays Andy Gray said: "We've seen a huge demand for the Great Escape package since we launched a month ago, with customers moving their mortgage from [other] lenders."

He added that this will help borrowers "facilitate a move and save money", which could be used to purchase a new house for sale in the UK.

Last week, Santander introduced a two-year tracker loan for remortage customers, available at 60 per cent LTV at a rate of 2.09 per cent.  ADNFCR-1222-ID-800249461-ADNFCR

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