Brilliant Solutions

Barclays Update

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!

Important Barclays Product Update

We’re pleased to confirm a further raft of positive changes to products across our existing Residential Purchase, Remortgage and Reward ranges, effective tomorrow, Wednesday 14th July, 2021

Please see below for details of all changes. 

Residential Purchase

  • 2.12% Premier 2 Year Fixed £699 fee, 85% LTV, Loans £5k – £2m reducing to 1.94%
  • 2.75% 2 Year Fixed £0 fee, 85% LTV, Loans £5k –  £2m reducing to 2.45%
  • 2.60% 2 Year Fixed £999 fee, 90% LTV, Loans £5k – £570k reducing to 2.35%
  • 2.80% 2 Year Fixed £0 fee, 90% LTV, Loans £5k – £570k reducing to 2.59%
  • 3.05% 2 Year Fixed £500 Cashback, £0 fee, 90% LTV, Loans £50k – £570k reducing to 2.83%
  • 3.08% 5 Year Fixed £0 fee, 85% LTV, Loans £5k –  £2m reducing to 2.80%
  • 3.19% 5 Year Fixed £999 fee, 90% LTV, Loans £5k – £570k reducing to 2.95%
  • 3.25% 5 Year Fixed £0 fee, 90% LTV, Loans £5k  – £570k reducing to 3.08%

Residential Purchase – Green Home Mortgages

  • 2.70% 2 Year Fixed £0 fee, 90% LTV, Loans £5k – £570k reducing to 2.49%
  • 3.15% 5 Year Fixed £0 fee, 90% LTV, Loans £5k  -£570k reducing to 2.98%

Residential Purchase – Mortgage Guarantee Scheme

  • 3.49% 2 Year Fixed £0 fee, 95% LTV, Loans £25k – £570k reducing to 3.40%
  • 3.77% 5 Year Fixed £0 fee, 95% LTV, Loans £25k – £570k reducing to 3.60%

Residential Remortgage – Great Escape Mortgages

  • 2.53% 2 Year Fixed £0 fee, 85% LTV, Loans £50k – £2m reducing to 2.45%
  • 2.75% 5 Year Fixed £0 fee, 85% LTV, Loans £50k – £2m reducing to 2.65%

Residential Purchase and Remortgage

  • 1.75% 2 Year Fixed £999 fee, 80% LTV, Loans £5K – £2m reducing to 1.65%
  • 2.12% 2 Year Fixed £999 fee, 85% LTV, Loans £5K – £2m reducing to 1.94%
  • 2.06% 5 Year Fixed £999 fee, 80% LTV, Loan £5k – £2m reducing to 1.94%
  • 2.49% 5 Year Fixed £999 fee, 85% LTV, Loans £5k – £2m reducing to 2.37%

Reward range – product transfer and further borrowing

  • 1.75% 2 Year Fixed £999 fee, 80% LTV, Loans £5k – £2m  reducing to 1.65%
  • 2.12% 2 Year Fixed £999 fee, 85% LTV, Loans £5k – £2m reducing to 1.94%
  • 2.53% 2 Year Fixed £0 fee, 85% LTV, Loans £5k – £2m reducing to 2.45%
  • 2.60% 2 Year Fixed £999 fee, 90% LTV, Loans £5k – £2m reducing to 2.35%
  • 2.80% 2 Year Fixed £0 fee, 90% LTV, Loans £5k – £2m reducing to 2.59%
  • 2.06% 5 Year Fixed £999 fee, 80% LTV, Loans £5k – £2m reducing to 1.94%
  • 2.49% 5 Year Fixed £999 fee, 85% LTV, Loans £5k – £2m reducing to 2.37%
  • 2.69% 5 Year Fixed £0 fee, 85% LTV, Loans £5k – £2m reducing to 2.65%
  • 3.25% 5 Year Fixed £0 fee, 90% LTV, Loans £5k – £2m reducing to 3.08%

Please view our updated Intermediary and Reward rate sheets, for full details of all our lending products, effective from tomorrow.  

Key product change timings

  • Existing products: Final date for generating a Mortgage Information Sheet (MIS) Tuesday 13th July, 2021
  • Last rate switch (product transfer) applications on existing Reward range products: Wednesday 14th July, 2021
  • Last new lending applications on existing products: Thursday 22nd July, 2021                 

Thank you again for your continued support.

*How to reserve and submit an application on a product due to change, you’ll need to follow the three steps, outlined below:-

  1. You will need to have a Mortgage Information Sheet (MIS), at the latest, dated today Tuesday 13th July, on the product and loan terms you are recommending to your client, either using our Barclays systems or your preferred sourcing tool.
  2. It’s important that you access your clients’ application and ensure that you have progressed to a stage where the recommended product has been selected from the drop down list and is saved in the application today, as from tomorrow, Wednesday 14th July, the products due to change won’t be available for selection
  3. Finally, although you won’t require a successful case booking to reserve the product today, you will require a booking by the time you come to submit the application. We therefore recommend that you aim to secure a case booking in advance of the last application date, Thursday 22nd July, to enable your case to be submitted and avoid disappointment

Rate Switch (Product Transfer)

For rate switch applications, the existing Reward range products due to change, will be removed from selection in our Online Intermediary Rate Switch service, accessible in the Barclays Intermediary Hub, at the close of business tomorrow. Therefore rate switch applications on these products need to be submitted by tomorrow, Wednesday 14th July, at the latest. 

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