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 Product Reductions
Reduced rate purchase and remortgage products launching
We are pleased to confirm we are reducing rates on a selection of products by as much as 0.50% across our residential purchase and remortgage range and 0.60% across our existing customer range, effective from tomorrow, Tuesday 23rd January 2024.
Key residential remortgage product change highlights
- Reduced – Great Escape 2 Year Fixed, no product fee, 60% LTV, min loan 50k, max loan 2m will be reducing from 4.81% to 4.51%
- Reduced – 2 Year Fixed, 999 product fee, 60% LTV, min loan 5k, max loan 2m, will be reducing from 4.69% to 4.34%
- Reduced – 2 Year Fixed, 999 product fee, 75% LTV, min loan 5k, max loan 2m, will be reducing from 4.77% to 4.42%.
For more information, 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 (Monday 22nd January) either using our Barclays systems or your preferred sourcing tool and must be submitted prior to the last application date Wednesday 31st January 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 Wednesday 31st January to secure a case booking and submit).