Barclays Update

Barclays mortgage product changes

We’re pleased to confirm we are making reductions to a number of products across our existing Residential, Buy to Let and Reward ranges effective tomorrow, Friday 3rd December 2021

Please see below for some key change highlights and for full details of all products changing, including any products being withdrawn, please take the time to review our rate overview guide.

Key rate change Highlights

Residential Purchase – Mortgage Guarantee Scheme

• 3.15% 2 Year Fixed, £750 cashback, £0 fee, 95% LTV, Loan £25k – £570k will reduce to 3.09%
• 2.99% 2 Year Fixed, £0 fee, 95% LTV, Loans £25k – £570k will reduce to 2.65%
• 3.10% 5 Year Fixed, £0 fee, 95% LTV, Loans £25k – £570k will reduce to 2.95%

Buy to Let Purchase and Remortgage Fixed rates

• 2.08% 2 Year Fixed, £0 fee, 60% LTV, Loans £35k – £1m will reduce to 1.88%
• 2.40% 2 Year Fixed, £0 fee, 75% LTV, Loans £35k – £1m will reduce to 2.20%
• 2.40% 5 Year Fixed, £0 fee, 60% LTV, Loans £35k – £1m will reduce to 2.20%

Residential Purchase and Remortgage Fixed rates

• 1.57% 5 Year Fixed £999 fee, 60% LTV, Loans £5k –  £2m will reduce to 1.32%
• 1.66% 5 Year Fixed, £999 fee, 75% LTV, Loans £5k – £2m will reduce to 1.41%
• 2.18% 5 Year Fixed, £999 product fee, 85% LTV, Loan £5k – £2m will reduce to 2.05%

Residential Reward range – product transfer and further borrowing

• 1.26% 2 Year Fixed, £999 fee, 60% LTV will reduce to 1.11%
• 1.53% 2 Year Fixed, £0 fee, 60% LTV will reduce to 1.44%
• 1.57% 5 Year Fixed, £999 fee, 60% LTV will reduce to 1.32%

Please see our new Intermediary and Reward rate sheets, to view the full range of Barclays mortgage products, effective from tomorrow.

Key product change timings*

• Existing products: Final date for generating a Mortgage Information Sheet (MIS) Thursday 2nd December, 2021
• Last rate switch (product transfer) applications on existing Reward range products: Friday 3rd December, 2021
• Last new lending applications on existing products: Saturday 11th December, 2021