Brilliant Solutions

Barclays Update

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!

Important Barclays Product Update

Pleased be advised we’re making changes to a small selection of products within our Residential Purchase and Remortgage ranges, effective tomorrow, Thursday 4th March, 2021  

In addition to rate changes, please be advised we’re also reducing the ERC on all our 3 Year Fixed rates to 2%, including those within our Reward range.   

You can view our rate change overview for details of all changes and our new Intermediary and Reward rate sheets, for our range of new lending products, effective from tomorrow.   

Key product change timings confirmed*

  • Existing products: Final date for generating a Mortgage Information Sheet (MIS) Wednesday 3rd March, 2021
  • Last new lending applications on existing products: Friday 12th March, 2021

 

*How to reserve and submit an application on a product due to change, you’ll need to follow the three steps, outlined below:-

  1. You will need to have a Mortgage Information Sheet (MIS), at the latest, dated today Wednesday 3rd March, on the product and loan terms you are recommending to your client, either using our Barclays systems or your preferred sourcing tool
  2. It’s important that you access your clients’ application and ensure that you have progressed to a stage where the recommended product has been selected from the drop down list and is saved in the application today, as from tomorrow, Thursday 4th March, the products due to change won’t be available for selection
  3. Finally, although you won’t require a successful case booking to reserve the product today, you will require a booking by the time you come to submit the application. We therefore recommend that you aim to secure a case booking in advance of the last application date, Friday 12th March, to enable your case to be submitted and avoid disappointment
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