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
We are pleased to confirm that we are taking advantage of a fall in the cost of market funding by reducing rates on a selection of products across our Residential and Buy to Let new lending and Reward ranges, effective from tomorrow, Wednesday 30th August.
Key residential remortgage product change highlights
- 2 year Fixed £999 product fee, 60% LTV, Min loan £5k, Max loan £2m will be reducing from 6.13% to 5.98%
- 5 year Fixed £999 product fee, 60% LTV, Min loan £5k, Max loan £2m will be reducing from 5.52% to 5.37%
- 5 year Reward Fixed £999 product fee, 75% LTV, Min loan £5k, Max loan £2m will be reducing from 5.54% to 5.39%
For more information, full details of all product changes can be found within our rate overview guide and you can access the full range of Barclays mortgage products, effective from tomorrow, within our updated Intermediary and Reward rate sheets.
Product withdrawal timings
To qualify for a product, a MIS needs to have been generated, on or before the date of withdrawal (Tuesday 29th August) either using our Barclays systems or your preferred sourcing tool and must be submitted prior to the last application date – Wednesday 30th August for Product Transfers and Thursday 7th September for new lending applications.
Please be advised that upon withdrawal, the products will be removed from the dropdown options within our application services. Therefore, for new lending applications you will need to ensure the product has been selected and saved in the application today (you then have until Thursday 7th September to secure a case booking and submit).