The product is a two year fix with a rate of 6.35%. It has no product fee, and is also available to customers looking to remortgage.
Toni Roberts, product manager for Barnsley said: “We’ve tried to balance the need to help buyers with the need to lend responsibly and we acknowledge there’s more to a mortgage than just a headline rate. We are now lending to people with smaller deposits and waiving the product fee. This can make such a difference to the amount a borrower can put down as a deposit.”
