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, Friday 10 April, we are changing rates on a selection of buy-to-let (BTL) products, as well as, introducing some new products and removing some existing products.
Please see the rate overview guide for information of all our product changes.
We are simplifying our BTL range for Portfolio Landlords
We will now allow Portfolio Landlord applications for standard products from our BTL purchase and remortgage ranges.
We define Portfolio Landlords as those which will have 4 or more mortgaged rental properties across all lenders (including the subject property) on completion. All other lending criteria still applies.
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 (Thursday 9 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 (Saturday 18 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 Friday 10 April.