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
Please be advised we are increasing rates on fixed rate products within our Residential Purchase and Remortgage new lending ranges plus our Residential existing customer Reward range.
Additionally, please note that a small selection of existing customer Reward range fixed rates will be withdrawn.
These updates will be made overnight and new products will be available to you for selection from tomorrow, Friday 30th June.
For full details of all products changing including those being withdrawn, please view our Rate Overview Guide. Additionally, you can access the full range of Barclays mortgage products, effective from tomorrow, within our updated Intermediary and Reward rate sheets.
IMPORTANT: With the interest rates on our fixed rate products increasing, please remember that for new lending (Purchase, Remortgage and Further Advance) applications, we don’t require you to submit the application today – instead, as long as you have the required loan details and product selected and saved in our application system (along with a MIS generated) by today at the latest, Thursday 29th June, you will then have up until Saturday 8th July to submit your application.
Unlike for new lending, Product Transfer applications are required to be submitted in the Barclays Intermediary Hub tomorrow, Friday 30th June, at the latest.
Product withdrawal timings
To qualify for a product, a MIS needs to have been generated, on or before the date of withdrawal (Thursday 29th June) either using our Barclays systems or your preferred sourcing tool and must be submitted prior to the last application date – Friday 30th June for Product Transfers and Saturday 8th July 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 8th July to secure a case booking and submit)