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Barclays launches fixed rates without redemption penalties

Barclays is launching a range of fixed-rate mortgages that have no redemption penalties and offer further fixed-rates at the end of their terms.


The fixed-rate range includes two, three, five and ten-year products at 5.99 per cent or 6.19 per cent if customers do not take out Barclays buildings and contents insurance.


At the end of the fix borrowers can choose between a new fix or Barclays standard variable rate which is currently 7.7 per cent.


It is also launching a capped-rate mortgage at 6.49 per cent for three years and two fixed-rate products at 4.99 per cent for two years and 5.39 per cent for three years that do have redemption penalties.


All products have a maximum loan to value of 95 per cent and the minimum loan is £25,000. There are no procuration fees.

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