Barnsley BS replaces its fixed rate mortgages - Mortgages - News - Moneyfacts


Barnsley BS replaces its fixed rate mortgages

Barnsley BS replaces its fixed rate mortgages

Category: Mortgages

Updated: 24/02/2009
First Published: 24/02/2009

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Barnsley BS has withdrawn and replaced its portfolio of fixed rate mortgages, with rates reduced by up to 1.20%.

There are seven new options, all of which have no extended tie-in. Barnsley's 3.99% fixed rate deal at 65% loan-to-value catches the eye with its headline rate.

The equivalent deal at 75% LTV has advantages of its own; priced at just 0.10% more than the 60% option, the 4.09% deal that runs until 30 April 2011 offers, in comparison with the 3.99% product, a reduction in the equity of, for example, £22,500 for a £150,000 property in return for an increased monthly interest cost of just £12.50.

A £250 cash rebate is also available, while the application/booking fee is £495.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Goodbye to the Help to Buy Guarantee

On 31 December, phase two of the Help to Buy initiative will be withdrawn from the market. It’s certainly done wonders for the high loan-to-value sector, so we thought we’d take a closer look at the significance of the scheme and the effect it’s had.

Remortgaging bounces back

Remortgaging has been enjoying a welcome boost in recent months, despite September’s slight dip, with many homeowners capitalising on record low mortgage rates to boost their finances.

Bank of Mum and Dad holds the (house) key

The Bank of Mum and Dad is an important source of finance for many young adults, and it seems that they still hold the key – in more ways than one.