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!
Reduced rate products launching
Following a further review of our offering against market funding, we are pleased to confirm we are reducing rates on a selection of products across our Residential Purchase and Reward ranges, effective from tomorrow, Tuesday 28 November.
These changes will see some of our £2m – £10m purchase and remortgage products reduce by as much as 0.57%. There is also positive news for your higher LTV clients with reductions being made on a selection of our 85% – 95% LTV purchase only products. Please see below for more details.
Key residential purchase product change highlights
- Reduced – 2 year Green Home Fixed 0 product fee, 90% LTV, Min loan 5k, Max loan 570k will be reducing from 5.98% to 5.68%
- Reduced – 2 year Fixed 0 product fee, 90% LTV, Min loan 5k, Max loan 570k will be reducing from 6.08% to 5.78%
- Reduced – 2 year Mortgage Guarantee Scheme Fixed 0 product fee, 95% LTV, Min loan 25k, Max loan 570k will be reducing from 6.70% to 6.30%
For more information, please view 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 (Monday 27 November) either using our Barclays systems or your preferred sourcing tool and must be submitted prior to the last application date Tuesday 28 November for Product Transfers and Wednesday 6 December 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 Wednesday 6 December to secure a case booking and submit).
Important Barclays product news
More reduced rate products launching
The market is moving at a fast pace and we are committed to remaining nimble with our pricing to ensure we continue to provide you with our most competitive offering.
With this in mind, in addition to the positive changes communicated on Monday (create link to previous comms), we are pleased to confirm we are again reducing rates on a selection of our 2 and 5 Year Fixed Residential Purchase Only products.
These changes are effective from tomorrow, Friday 1 December. Please see below for more details.
Key residential purchase product change highlights
- Reduced – 5 Year Fixed 899 product fee, 60% LTV, Min loan 5k, Max loan £2m will be reducing from 4.78% to 4.39%
- Reduced – 5 year Fixed 0 product fee, 75% LTV, Min loan 5k, Max loan £2m will be reducing from 4.95% to 4.70%
- Reduced – 5 year Fixed 999 product fee, 90% LTV, Min loan 5k, Max loan 570k will be reducing from 5.20% to 4.95%
For more information, please view 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 (Thursday 30 November) either using our Barclays systems or your preferred sourcing tool and must be submitted prior to the last application date, Saturday 9 December 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 Saturday 9 December to secure a case booking and submit).