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!
Product Changes
Please be advised we are making a number of changes across our residential purchase and remortgage range and our Buy to Let range. These changes consist of increases and decreases.
These updates will be made overnight and new products will be available to you for selection from tomorrow, Tuesday 5th March.
For more information, please view our Rate Overview Guide and you can access the full range of Barclays mortgage products, effective from tomorrow, within our updated Intermediary and Reward rate sheets.
We are also launching a new Premier exclusive residential purchase product:
- NEW – 4.34% Premier 3 Year Fixed, £999 product fee, 60% LTV, min loan £5k, max loan £2m.
IMPORTANT – Additionally, the end dates on all our fixed rate products (new and existing) will be extended to 30th June.
We are also revising our fixed rate ERC’s so moving forward, all 2 year products are set at 2% of the balance repaid, all 3 year products are set at 3% of the balance repaid, 5 year products at 4%, and 10 year at 6%.
Product withdrawal timings
To qualify for a product, an ESIS needs to have been generated, on or before the date of withdrawal (Monday 4th March) either using our Barclays systems or your preferred sourcing tool, with the product selected and saved in our application system, this must then be submitted prior to the last application date Wednesday 13th March for new lending applications (Purchase, Remortgage and Further Advance).
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 Wednesday 13th March to secure a case booking and submit) Unlike for new lending, Product Transfer applications are required to be submitted in the Barclays Intermediary Hub by Tuesday 5th March, at the latest.