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 products across our Residential new lending and existing mortgage customer Reward ranges, effective from tomorrow, Wednesday 7th December 2022.
Product change summary
- Further reducing a selection of our existing 2-Year Tracker products within our existing Residential new lending and Reward ranges
- Reducing rates on our existing 60 and 75% LTV 2-Year Premier* Tracker rate products within our Residential new lending range
- Reducing rates on existing 2-Year Fixed rate products across our Residential new lending (Remortgage and Purchase) and Reward ranges
* Premier Exclusive Rates – To qualify for these products, your clients must hold a Premier Banking relationship with Barclays. Joint applications require only one applicant to meet the criteria.
Important – no products are being withdrawn and not replaced but a selection of products are increasing in rate.
Full Product change details
Please view our rate overview guide for full details of all product changes and also see below for the key information you need if you are in the process of recommending a rate confirmed as increasing to a client.
Applications on an existing product confirmed as changing
To qualify for a product, a MIS needs to have been generated, on or before the date of withdrawal (Tuesday 6th December) either using our Barclays systems or your preferred sourcing tool and must be submitted prior to the last application dates – Wednesday 7th December for rate switch (product transfer) and Thursday 15th December for all other, 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 Thursday 15th December to secure a case booking and submit).
IMPORTANT: For rate switch (product transfer) applications, you will need to ensure the application is submitted in the Barclays Intermediary HUB by tomorrow, Wednesday 7th December, at the latest.
Please see our new Intermediary and Reward rate sheets, to view the full range of Barclays mortgage products, effective from tomorrow.