Barclays Update

Barclays mortgage product changes

Following a review of our current pricing, please be advised we are making a number of changes to products within our existing Residential Purchase, Remortgage and Reward ranges, effective tomorrow, Thursday 17th February.

These include a combination of rate decreases, rate increases and product withdrawals. Please see below for some of the key change highlights and for full details of all products changing, please take the time to review our Rate Overview Guide.

Key rate change Highlights

Rate decreases

Residential Purchase – Mortgage Guarantee Scheme

• 3.09% 2 Year Fixed, £750 cashback, £0 fee, 95% LTV, Loan £25k – £570k will reduce to 2.83%
• 2.65% 2 Year Fixed, £0 fee, 95% LTV, Loans £25k – £570k will reduce to 2.45%
• 2.95% 5 Year Fixed, £0 fee, 95% LTV, Loans £25k – £570k will reduce to 2.85%

Residential Purchase Fixed rate

• 2.34% 5 Year Fixed £999 fee, 90% LTV, Loans £5k –  £570k will reduce to 2.18%

Buy to Let Purchase and Remortgage Fixed rate

• 2.45% 10 Year Fixed, £1795 fee, 75% LTV, Loans £35k – £1m will reduce to 2.35%

Rate increases

Residential Purchase Fixed rates

• 1.61% 2 Year Fixed, £0 fee, 60% LTV, Loan £5k – £2m will increase to 1.75%
• 1.84% 5 Year Fixed, £0 fee, 75% LTV, Loans £5k – £2m will increase to 1.92%

Residential Purchase and Remortgage Fixed rate

• 1.69% 5 Year Fixed, £999 fee, 60% LTV, Loan £5k – £2m will increase to 1.82%

Product withdrawals

Residential Purchase and Remortgage Fixed rates

• 1.69% 2 Year Fixed, £999 fee, 80% LTV, Loan £5k – £2m
• 2.03% 5 Year Fixed, £999 fee, 80% LTV, Loans £5k – £2m

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): Wednesday 16th February, 2022
• Last rate switch (product transfer) applications on existing Reward range products: Thursday 17th February, 2022
• Last new lending applications on existing products: Friday 25th February, 2022