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!

Barclays Mortgage product changes

It’s now been over three years since Barclays became the first major UK mortgage lender to enter the green mortgage market with the popularity of these products demonstrating just how well they have been received by yourselves and your clients.

We’re delighted to confirm we’re now making our Barclays Green Home Mortgage proposition even more accessible by launching Buy to Let products, so customers buying an energy efficient new build home to let can be rewarded with a lower rate on certain fixed rate products compared to our standard range.

Green Home Buy to Let Mortgage product availability and key criteria

Available across all sourcing platforms from tomorrow, Friday 21st January, the application process and the eligibility criteria is the same as any other purchase, however, as with our Residential Green Home Mortgage products, the home must be a new build bought directly from the builder or developer and have an energy efficiency rating of 81 or higher, or an energy efficiency band A or B.

The applicant will need to prove the energy efficiency rating of the property by providing one of the following:

  • For fully built properties, a valid Energy Performance Certificate (EPC)
  • A valid Predicted Energy Assessment certificate if the property remains under construction

Important – the house builders can verbally confirm the energy efficiency rating of the applicant’s property straight away, and this is enough to progress with the application.

However, please ensure the eligible EPC or PEA is obtained from the house builder and is submitted to us prior to the mortgage offer stage to ensure a smoother processing experience. Please be advised we are unable to progress the case to completion without receipt an eligible EPC or PEA.

What Green Home Mortgage Buy to Let products will be available?

  • 1.64% 2 Year Fixed, £1295 fee, 75% LTV, Loans £35k – £1m
  • 1.87% 5 Year Fixed, £1295 fee, 75% LTV, Loans £35k – £1m      

Note: Green Home BTL rates are not available for Portfolio Landlords. Landlords with four mortgaged rental properties or more (including the subject property), across all lenders, are portfolio landlords. Barclays Portfolio BTL products are available for these applicants, please see rate sheets for details.

In addition to this launch, we’re also making a number of changes to products within our Residential Purchase and Remortgage ranges.

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