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!
Reduced rate purchase products launching
We are pleased to confirm we are reducing rates on a selection of products by as much as 0.50% across our Residential Purchase range, effective from tomorrow, Wednesday 10 January 2024.
Key residential purchase product change highlights
- Reduced – 2 Year Fixed 899 product fee, 60% LTV, Min loan 5k, Max loan 2m will be reducing from 4.62% to 4.17%
- Reduced – 2 Year Fixed 899 product fee, 75% LTV, Min loan 5k, Max loan 2m will be reducing from 4.70% to 4.20%
- Reduced – 2 Year Mortgage Guarantee Scheme Fixed 0 product fee, 95% LTV, Min loan 25k, Max loan 570k will be reducing from 5.80% to 5.50%
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.
Product withdrawal timings
To qualify for a product, a MIS needs to have been generated, on or before the date of withdrawal (Tuesday 9 January) either using our Barclays systems or your preferred sourcing tool and must be submitted prior to the last application date Thursday 18 January 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 Thursday 18 January to secure a case booking and submit).