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
We are making a number of changes across our Residential and Buy to Let new lending and Reward ranges.
At a glance, the changes include 2 and 5yr fixed rate reductions, plus the withdrawal of our existing Help to Buy product ranges and are effective from tomorrow, Wednesday 15th February 2023
New product change highlights
- Reduced – 4.74% 2 Year Fixed £999 product fee, 60% LTV, Min loan £5k, Max loan £2m will reduce to 4.30% – available for Residential Purchase and Remortgage
- Reduced – 4.75% 2 Year Fixed £999 product fee, 75% LTV, Min loan £5k, Max loan £2m will reduce to 4.40% – available for Residential Purchase and Remortgage
- New – 4.75% 5 Year Fixed £1795 product fee, 75% LTV, Min loan £35k, Max loan £1m – available for Buy To Let Remortgage
For full details of all product changes, we recommend you view our rate overview guide.
Securing an existing product confirmed as changing or being withdrawn
To qualify for a product, a MIS needs to have been generated, on or before the date of withdrawal (Tuesday 14th February) either using our Barclays systems or your preferred sourcing tool and must be submitted prior to the last application date – Wednesday 15th February for rate switch (product transfer) and Thursday 23rd February 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 23rd February to secure a case booking and submit).
For rate switch (product transfer) applications, you will need to ensure the application is submitted in the Barclays Intermediary HUB by tomorrow, Wednesday 15th February, at the latest.