Barclays Update

Barclays product change communication

Please be advised we’re making changes to a selection of products within our Residential New Lending ranges, including the introduction of new products and a selection of rate increases, effective from tomorrow, Wednesday 10th August, 2022.

Residential New Lending rates

NEW Purchase Only product

• 90% LTV – 3.63% 5 year Fixed rate, £999 product fee, min loan £5k, max loan £570k

NEW Purchase and Remortgage product

• 60% LTV – 3.37% 5 year Fixed rate, £999 product fee, min loan £5k, max loan £2m

Changes to existing products

• Click to review our rate overview guide for full details of all products 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Important reminder – You have nine days to submit an application on any existing product that is being withdrawn, provided you have completed the required actions detailed below.

Action required today to secure a rate:-

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 – Tuesday 9th August 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        

Action required by last application date, Thursday 18th August:-

Secure a case booking

• To successfully submit the application you will require a case booking in our application system and you have until Thursday 18th August to book your case and submit.

Please see our new Intermediary and Reward rate sheets, to view the full range of Barclays mortgage products, effective from tomorrow.

Reminder – Key product change timings

• Existing products: Final date for generating a Mortgage Information Sheet (MIS) Tuesday 9th August, 2022
• Last new lending applications on new and existing customer lending products: Thursday 18th August, 2022