Important Barclays Product Update
Barclays mortgage product changes
Please be advised we’re making changes to our Residential mortgage rates. These changes include a large number of reductions, on a selection of products across our Residential Purchase, Remortgage and Reward ranges, effective tomorrow, Friday 24th September, 2021.
Summary of changes
Please see below for some of these key rate change highlights.
For full details of all products changing, including any products being increased, please take the time to review our rate overview guide.
Residential Purchase – Mortgage Guarantee Scheme
Residential Purchase and Remortgage Tracker rates
Residential Purchase and Remortgage Fixed rates
Residential Reward range – product transfer and further borrowing
Other news – Improved application journey for Family Springboard Mortgages
Our Family Springboard Mortgage continues to provide an innovative way for your client’s family or friends to help them get a mortgage with as little as 0% deposit – and allow them to get their savings back – with interest – through our Helpful Start Account.
We’re now pleased to confirm we have further enhanced the process for the helpers by enabling them to open the Helpful Start account without having to visit us in branch. Moving forward, helpers can submit all the required documentation to us to complete KYC by using Barclays Verify, which is found within the Barclays mobile banking application.
The Springboard application process is exactly the same as today, however, from today, you can now direct the helpers to use Barclays Verify. Alternatively, they can continue to visit a branch if that is their preference.
Key product change timings*
Thank you again for your continued support
*How to reserve and submit an application on a product due to change, you’ll need to follow the three steps, outlined below:-
Rate Switch (Product Transfer)
For rate switch applications, the existing Reward range products due to change, will be removed from selection in our Online Intermediary Rate Switch service, accessible in the Barclays Intermediary Hub, at the close of business tomorrow. Therefore rate switch applications on these products need to be submitted by tomorrow, Friday 24th September, at the latest.