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!
Important Barclays product news
We are making a number of changes to the Purchase and Remortgage product ranges. Please see below a copy of the change email and attached are the supporting guides and new rate sheets.
From tomorrow, Friday 4 October, we are changing rates on a selection of products across our Purchase and Remortgage ranges, as well as introducing new Purchase products.
Key product change highlights include:
Introducing new products for Purchase mortgages:
- 4.85% Premier 2 Year Fixed £899 product fee, 90% LTV, Min loan £5k, Max loan £570k
- 3.92% 5 Year Fixed £0 product fee, 60% LTV, Min loan £5k, Max loan £2m.
Purchase:
- 4.22% 2 Year Fixed £899 product fee, 60% LTV, Min loan £5k, Max loan £2m, will decrease to 3.99%
- 4.65% 5 Year Fixed £999 product fee, 90% LTV, Min loan £5k, Max loan £570k, will decrease to 4.47%
- 5.28% Green Home 2 Year Fixed £0 product fee, 90% LTV, Min loan £5k, Max loan £570k, will decrease to 5.03%.
Remortgage:
- 5.82% 2 Year Fixed £999 product fee, 85% LTV, Min loan £5k, Max loan £2m, will decrease to 5.32%
- 5.03% 5 Year Fixed £999 product fee, 85% LTV, Min loan £5k, Max loan £2m, will decrease to 4.93%.
Please see the rate overview guide for information of all our product changes.
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, an application needs to have been started and the product selected from the drop down, on or before the date of withdrawal (Thursday 3 October) and must be submitted prior to the last application date, Friday 4 October for Product Transfer (Rate Switch) and Saturday 12 October 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 Saturday 12 October to secure a case booking and submit).