Barclays Update

Barclays Mortgage Product Withdrawals

Following a review of our offering, please be advised we’re withdrawing a selection of products from our existing Residential New Lending ranges. 

These products (fully listed below) will be withdrawn today, Thursday 4th August, 2022.

Important reminder – You have nine days to submit an application on any existing product that is being withdrawn, provided you have completed the required actions detailed below.

Barclays mortgage product withdrawals

Residential Purchase and Remortgage Fixed rates

• 3.42% 5 Year Fixed  £999 product fee, 60% LTV, Min loan £5k, Max loan £2m

Residential Remortgage Fixed rates

• 3.50% Great Escape™ 5 Year Fixed  £0 product fee, 60% LTV, loans £50k – £2m

Residential Purchase Fixed rates

• 3.48% 5 Year Fixed  £999 product fee, 85% LTV, Min loan £5k, Max loan £2m
• 3.51% 5 Year Fixed £999 product fee, 90% LTV, Min loan £5k, Max loan £570k

Action required today to secure a rate:-

Generate a MIS

• You need to have a Mortgage Information Sheet (MIS) generated for the loan required on the required rate, dated (at the latest) today – Thursday 4th August 2022.
• Note – You can generate a MIS either using our Barclays systems or your preferred sourcing tool.

Select and save the rate

• You must also ensure you have selected and saved the required product within our application systems today, as it will not be available for selection from tomorrow

Action required by last application date, Saturday 13th August:-

Secure a case booking

• To successfully submit the application you will require a case booking in our application system and you have until Saturday 13th August to book your case and submit

• Reminder – Key product change timings

  • Existing products: Final date for generating a Mortgage Information Sheet (MIS) Thursday 4th August, 2022
  • Last new lending applications on new and existing customer lending products: Saturday 13th August, 2022