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 updating our rates

True to our pledge to give you two working days’ notice of product closures, our latest changes will come into effect from 8am Friday 17 September.

Here’s what’s changing:

Owner-Occupied

  • Selected Fixed Offset & Interest-only product rates reducing
  • 2 Year Fixed £999 fee Interest-only at 50% LTV, rate increasing
  • End dates extending across selected Owner-Occupied products

Buy to Let

No changes to the range

Remember, an AIP does not secure a closing product. If an AIP refers, we can’t guarantee we’ll be able to review it before the product is closed.

So, if your AIP does refer, you should copy the case and click through to full mortgage application to secure the product. Applications received after 8pm Thursday 16 September will not be accepted.

Visit our website for more information on our Lending policy.

Important Barclays Product Update

Good news – To ensure we continue to support you and your clients with a wide range of competitive options, we’re reducing the rate on some selected products effective tomorrow across our Residential, Buy to Let and Reward ranges, Wednesday 15th September, 2021.

Please see below for details of all products that are changing.

Residential Purchase

  • 1.95% 2 Year Fixed £0 fee, 85% LTV, Loans £5k – £2m reducing to 1.87%
  • 1.52% 5 Year Fixed £0 fee, 75% LTV, Loans £5k – £2m reducing to 1.42%
  • 2.39% 5 Year Fixed £0 fee, 85% LTV, Loans £5k – £2m reducing to 2.29%          

Residential Purchase – Mortgage Guarantee Scheme  

  • 3.15% 2 Year Fixed £0 fee, 95% LTV, Loans £25k –  £570k reducing to 3.09%

Residential Purchase – Help to Buy

  • 1.59% 2 Year Fixed £749 fee, 75% LTV, Loans £25k –  £450k reducing to 1.21%
  • 1.80% 2 Year Fixed £0 fee, 75% LTV, Loans £25k – £450k reducing to 1.44%
  • 1.63% 5 Year Fixed £749 fee, 75% LTV, Loans £25k – £450k reducing to 1.42%
  • 1.85% 5 Year Fixed, £0 fee, 75% LTV, Loans £25k – £450k reducing to 1.56%

Residential Purchase – Scotland Help to Buy

  • 2.09% 2 Year Fixed £0 fee, 80% LTV, Loans £25k –  £160k reducing to 1.90%
  • 2.19% 5 Year Fixed £0 fee, 80% LTV, Loans £25k – £160k reducing to 2.13%

Residential Purchase – Green Home Help to Buy

  • 1.49% 2 Year Fixed £749 fee, 75% LTV, Loans £25k –  £450k reducing to 1.11%
  • 1.53% 5 Year Fixed £749 fee, 75% LTV, Loans £25k – £450k reducing to 1.32%               

Residential Purchase – London Help to Buy

  • 1.05% 2 Year Fixed £749 fee, 55% LTV, Loans £25k –  £330k reducing to 0.97%
  • 1.25% 5 Year Fixed £749 fee, 55% LTV, Loans £25k – £330k reducing to 1.20%

Residential Remortgage – Great Escape* Mortgages

  • 1.29% 2 Year Fixed £0 fee, 60% LTV, Loans £50k – £2m reducing to 1.09%
  • 1.49% 5 Year Fixed £0 fee, 75% LTV, Loans £50k – £2m reducing to 1.42%

*Our Great Escape products come with a free non-disclosed valuation, free legals plus £250 cashback or £350 if your client opts to use their own solicitor                        

Residential Purchase and Remortgage

  • 0.92% 2 Year Fixed £999 fee, 60% LTV, Loans £5k –  £2m reducing to 0.86%
  • 0.99% 2 Year Fixed £999 fee, 75% LTV, Loans £5k – £2m reducing to 0.96%
  • 1.12% 3 Year Fixed, £999 fee, 60% LTV, Loans £5k – £2m reducing to 0.99%
  • 1.25% 5 Year Fixed £999 fee, 75% LTV, Loans £5k – £2m reducing to 1.21%
  • 1.83% 5 Year Fixed £999 fee, 80% LTV, Loans £5k – £2m reducing to 1.75%
  • 2.18% 5 Year Fixed £999 fee, 85% LTV, Loans £5k – £2m reducing to 2.15% 

Buy to Let Purchase and Remortgage

  • 2.09% 5 Year Fixed £0 fee, 60% LTV, Loans £35k – £1m reducing to 2.05%          

Buy to Let Purchase and Remortgage – Portfolio Landlords**

  • New – 2.00% 2 Year Fixed £2495 fee, 75% LTV, Loans £35k – £1m
  • 2.50% 5 Year Fixed £2495 fee, 75% LTV, Loans £35k – £1m reducing to 2.30%

**We offer products for Portfolio Landlords who we define as those with four mortgaged rental properties or more across all lenders. This includes the subject property.

Buy to Let Reward

  • 2.09% 5 Year Fixed £0 fee, 65% LTV, Loans £5k – £1m reducing to 2.05%

Residential Reward range – product transfer and further borrowing

  • 0.92% 2 Year Fixed £999 fee, 60% LTV, Loans £5k – £2m  reducing to 0.86%
  • 1.22% 2 Year Fixed £0 fee, 60% LTV, Loans £5k – £2m reducing to 1.09%
  • 0.99% 2 Year Fixed £999 fee, 75% LTV, Loans £5k – £2m reducing to 0.96%
  • 1.10% 3 Year Fixed £999 fee, 60% LTV, Loans £5k – £2m reducing to 0.99%
  • 1.25% 5 Year Fixed £999 fee, 75% LTV, Loans £5k – £2m reducing to 1.21%
  • 1.39% 5 Year Fixed £0 fee, 75% LTV, Loans £5k – £2m reducing to 1.34%
  • 1.83% 5 Year Fixed £999 fee, 80% LTV, Loans £5k – £2m reducing to 1.75%
  • 2.18% 5 Year Fixed £999 fee, 85% LTV, Loans £5k – £2m reducing to 2.15%

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

Key product change timings***

  • Existing products: Final date for generating a Mortgage Information Sheet (MIS) Tuesday 14th September, 2021
  • Last rate switch (product transfer) applications on existing Reward range products: Wednesday 15th September, 2021
  • Last new lending applications on existing products: Thursday 23rd September, 2021
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