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
We’re pleased to confirm we’re making further positive changes to a wide range of products across our Residential and Buy to Let new lending ranges plus our existing mortgage customer Reward ranges.
These changes are effective from tomorrow, Tuesday 22nd November 2022.
Product change summary
- Introducing a competitive new 75% LTV 2 yr fixed rate available for both Residential purchase and remortgage applications
- Further reducing 2 yr tracker products within our existing Residential new lending and Reward ranges
- Reducing rates on our existing 2 and 7 yr Fixed rate products across our Residential new lending Remortgage and Purchase ranges
Important – no products are being withdrawn and not replaced but a selection of existing products are increasing in rate.
Please view our rate overview guide for full details of all product changes and also see below for the key information you need if you are in the process of recommending a rate confirmed as increasing to a client.
Applications on an existing product confirmed as changing
To qualify for a product, a MIS needs to have been generated, on or before the date of withdrawal (Monday 21st November) either using our Barclays systems or your preferred sourcing tool and must be submitted prior to the last application dates – Tuesday 22nd November for rate switch (product transfer) and Wednesday 30th November for all other, 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 Wednesday 30th November to secure a case booking and submit).