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!
Reduced rate products launching
Following a review of our offering against current market funding conditions, we are delighted to confirm we are further reducing rates – this time by as much as 30 basis points – on a selection of products across our Residential Purchase and Reward ranges, effective from tomorrow, Friday 17 November.
These reductions will see us offer some highly competitive new Purchase and Remortgage 2 Year Fixed rates. Please see below for more details.
Key residential purchase product change highlights
- Reduced -2 year Fixed 899 product fee, 60% LTV, Min loan 5k, Max loan 2m will be reducing from 5.10% to 4.80%
- Reduced – 2 year Fixed 0 product fee, 60% LTV, Min loan 5k, Max loan 2m will be reducing from 5.45% to 5.20%
- Reduced – 2 year Fixed 899 product fee, 75% LTV, Min loan 5k, Max loan 2m will be reducing from 5.20% to 4.95%
Key residential remortgage product change highlights
- Reduced -2 year Fixed 999 product fee, 60% LTV, Min loan 5k, Max loan 2m will be reducing from 5.28% to 4.98%
- Reduced – 2 year Fixed 999 product fee, 75% LTV, Min loan 5k, Max loan 2m will be reducing from 5.39% to 5.12%
- Reduced – 2 year Fixed 999 product fee, 85% LTV, Min loan 5k, Max loan 2m will be reducing from 5.97% to 5.67%
For more information, including details of one new product launching within our Reward range, please view our rate overview guide and you can access the full range of Barclays mortgage products, effective from tomorrow, within our updated Intermediary and Reward rate sheets.
Product withdrawal timings
To qualify for a product, a MIS needs to have been generated, on or before the date of withdrawal (Thursday 16 November) either using our Barclays systems or your preferred sourcing tool and must be submitted prior to the last application date Friday 17 November for Product Transfers and Saturday 25 November 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 Saturday 25 November to secure a case booking and submit).