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’re making changes to a selection of products within our Residential and Buy to Let new lending ranges, effective from Thursday 8th September, 2022.
With the anticipated demand for securing a current rate, we expect our case booking limit to be reached by mid-afternoon today. It’s important to remember that although this will prevent you from submitting applications that don’t have a booking within our systems today, it doesn’t preclude you from securing the current rates, ahead of them changing.
Important reminder – You have nine days to submit an application on any existing product that is being withdrawn, provided you have completed the required actions detailed below.
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 – Wednesday 7th September 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.
Secure a case booking
- To successfully submit the application you will require a case booking in our application system and you have until Friday 16th September to book your case and submit
Reminder – Key product change timings
- Existing products: Final date for generating a Mortgage Information Sheet (MIS) Wednesday 7th September
- Last new lending applications on new and existing customer lending products: Friday 16th September, 2022
Residential Purchase
• 3.68% 2 Yr Fixed £999 product fee, 60% LTV, Min loan £5k, Max loan £2m
• 3.80% 2 Yr Fixed £999 product fee, 85% LTV, Min loan £5k, Max loan £2m
Residential Purchase & Remortgage
• 3.83% 5 Yr Fixed £999 product fee, 60% LTV, Min loan £5k, Max loan £2m
BTL Purchase
• 3.46% 5 Yr Fixed Purchase Only £1295 product fee, 75% LTV, Min loan £35k, Max loan £1m
BTL Remortgage
• 3.50% 5 Yr Fixed Remortgage Only £1795 product fee, 75% LTV, Min loan £35k, Max loan £1
BTL Portfolio Landlord – Purchase & Remortgage
• 3.50% 5 Yr Fixed Remortgage Only £2495 product fee, 75% LTV, Min loan £35k, Max loan £1m