Barclays Update

Update 2

Further to the criteria changes we announced this morning where we updated our Loan-to-Income multiples and positive changes to our Interest Only and Part and Part policy, please be advised we are also temporarily withdrawing a selection of products from our Residential and Buy to Let Purchase and Remortgage ranges with immediate effect.

The last day to submit an application on any withdrawn product is today, Wednesday 15th July.

Which products are we withdrawing?

Residential

Purchase only

• 1.53% 2 Year Fixed, £0 product fee, 60% LTV Min loan £5k, Max loan £10m 
• 1.69% 5 Year Fixed, £0 product fee, 60% LTV Min loan £5k, Max loan £10m 

Purchase and remortgage

• 1.39% 3 Year Fixed, £0 product fee, 60% LTV Min loan £5k, Max loan £1m

Buy to Let

Purchase only

• 1.75% 5 Year Fixed, £1,295 product fee, 60% LTV Min loan £35k, Max loan £1m

Purchase and remortgage

• 1.35% 2 Year Fixed, £1,795 product fee, 60% LTV Min loan £35k, Max loan £1m
• 1.99% 2 Year Fixed, £0 product fee, 60% LTV Min loan £35k, Max loan £1m
• 1.84% 3 Year Fixed, £1,795 product fee, 60% LTV Min loan £35k, Max loan £2m
• 2.20% 3 Year Fixed, £0 product fee, 60% LTV Min loan £35k, Max loan £1m
• 1.75% 5 Year Fixed, £1,795 product fee, 60% LTV Min loan £35k, Max loan £500k
• 1.97% 5 Year Fixed, £0 product fee, 60% LTV Min loan £35k, Max loan £1m                         

Please view our updated Intermediary rate sheet.

Key timings

• Last applications on withdrawn products: Today, Wednesday 15th July, 2020

Update 1

Please be advised we are making further changes (including extending our fixed rate end dates) across our Residential, Buy to Let and Reward ranges with existing products being withdrawn today, Monday 13th July, and new products launching tomorrow, Tuesday 14th July, 2020

Key change summary

• Extending the end dates on all fixed rates to 31st October
• Various changes across our Residential, Buy to Let and Reward product ranges, including rate reductions, increases, withdrawals and new product introductions

New Residential Product Highlights
(Available for remortgage)

• Reduced 1.29% 3 Year Fixed, £999 fee, 60% LTV, Loans £5k – £1m reducing to 1.28%
• Reduced 1.38% 5 Year Fixed, £999 fee, 60% LTV, Loans £5k – £5m reducing to 1.36%
• Reduced 2.24% 10 Year Fixed, £0 fee, 60% LTV, Loans £5k – £5m reducing to 2.12%

Please view our rate overview document for full details of all products changing including those that are increasing in rate and being withdrawn

Please view our new Intermediary and Reward range rate sheets and see below for key timelines for when products are being launched and withdrawn.

Key timings*

• Last applications on withdrawn products: Today, Monday 13th July, 2020
• New products available: Tuesday 14th July, 2020