Here are the latest updates from Barclays. These products are available via our direct to lender mortgage club which offers you payment on completion and a lot more besides!
Barclays mortgage product changes
From tomorrow, Thursday 2 April, we are increasing rates on a selection of residential products in our purchase and remortgage ranges.
In addition, we are also decreasing rates on a number of residential products.
Please see the rate overview guide for information of all our product changes.
Price decrease highlights:
Purchase
- 5.64% Springboard 5 Year Fixed £0 product fee, 100% LTV, Min loan £5k, Max loan £500k, will decrease to 5.54%
Purchase and remortgage:
- 4.97% 2 Year Offset Tracker £1,749 product fee, 75% LTV, Min loan £5k, Max loan £2m, will decrease to 4.82%
- 5.00% 5 Year Offset Tracker £1,749 product fee, 75% LTV, Min loan £5k, Max loan £2m, will decrease to 4.85%
You can access the full range of Barclays mortgage products on our rate sheets via our Intermediaries website, which will be updated tomorrow.
Before submitting an application, please note that our current service levels are three working days for both residential and BTL cases. Please allow this timeframe before requesting an update.
Product withdrawal timings
Please be advised that upon withdrawal, the products will be removed from the dropdown options within our application services.
For new lending, the ‘Mortgage and product details’ application section needs to be completed and a MIS (ESIS) generated in the Barclays system, on or before the date of withdrawal (Wednesday 1 April).
Don’t forget, once the product has been recommended for new lending, you have a further 9 days from withdrawal until the last application date (Friday 10 April) to gather all requirements and submit your fully-packaged case.
For product transfers, the product must be selected and application submitted on or before Thursday 2 April.
Please see attached