Barclays launches Green Home Mortgages for buy-to-let
Barclays Mortgages has announced the launch of the Barclays Green Home Buy-to-Let Mortgage, available to existing and would be landlords from Friday 21 January 2022. The Barclays Green Home Buy-to-Let Mortgage will reward customers looking to buy to let – who choose to buy an energy efficient new build home – with lower interest rates on their mortgage.
The Barclays Green Home Buy-to-Let Mortgage will be available for new build purchases that have an energy efficiency rating of 81 or above, or are in energy efficiency bands A or B.
Barclays was the first major lender to launch a Green Mortgage in 2018, and has since helped over 4,000 customers complete a purchase on an A or B EPC Energy Efficiency Rated new build home, rewarding them with a lower interest rate. Following its success, Barclays Mortgages will now offer a 10 basis point discount for customers who choose 2 and 5-year fixed rate Green Home Buy-to-Let mortgages up to 75% loan-to-value (LTV
This means customers will have the opportunity to save up to £1250 on a buy-to-let mortgage of £250,000 over the 5-year fixed term, or £500 on a £250,000 mortgage over the 2-year fixed term.
Lee Chiswell, head of Barclays Mortgages, said: “Barclays was the first major UK lender to launch a Green Home Mortgage in 2018, and we are pleased to be launching our Green Home Buy-to-Let Mortgages, offering rate discounts to customers who are looking to purchase an energy efficient new build home to let, and rewarding them for making greener choices.
“We will continue to explore pioneering green products that meet the demands of our customers, to help them navigate the transition to a low-carbon economy and to encourage innovation in the lending sector.”
Barclays Mortgages’ current green mortgage offering:
Buy to Let
· NEW Two-year fixed rate, 1.64%, £1295 fee, 75% LTV3
· NEW Five-year fixed rate, 1.87%, £1295 fee, 75% LTV3
Residential
· Two-year fixed rate, 1.27%, £749 fee, 75% LTV [Help to Buy]
· Two-year fixed rate, 1.85%, no fee, 80% LTV
· Two-year fixed rate, 1.90%, no fee, 90% LTV
· Five-year fixed rate, 1.31%, £749 fee, 75% LTV [Help to Buy]
· Five-year fixed rate, 2.37%, no fee, 90% LTV
