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!

Important Barclays Product Update

More good news –  further to the reductions made last week, we’re pleased to confirm some more positive product changes including Residential, Mortgage Guarantee Scheme, Barclays Green Home Mortgages and Buy to Let rates effective tomorrow, Wednesday 26th May, 2021

Please see below for details of all Residential product changes.      

Purchase Only

  • 3.72% 2 Year Fixed £0 fee, 90% LTV, loans £5k – £570k will decrease to 3.22%
  • 1.68% 5 Year Fixed £0 fee, 60% LTV, loans £5k – £5m will decrease to 1.52%
  • 3.48% 5 Year Fixed £999 fee, 90% LTV, Loans £5k – £570k will decrease to 3.30%

Purchase & Remortgage

  • 1.38% 2 Year Fixed £999 fee, 75% LTV, Loans £5k – £2m will decrease to 1.30%

Mortgage Guarantee Scheme (Purchase)

  • 3.99% 2 Year Fixed £0 fee, 95% LTV, Loans £25k – £570k will decrease to 3.96%
  • 4.09% 5 Year Fixed £0 fee, 95% LTV, Loans £25k – £570k will decrease to 3.97%

Barclays Green Home Mortgage (New Build Purchase)

  • 3.62% 2 Year Fixed £0 fee, 90% LTV, Loan £5k – £570k will decrease to 3.12%  

Residential Purchase & Remortgage

  • 1.38% 2 Year Fixed £999 fee, 75% LTV, Loans £5k – £2m will decrease to 1.30%

Please see below for details of all Buy to Let product changes.

Buy to Let Purchase

  • New – 2.05% 2 Year Fixed £1295 fee, 75% LTV, Loans 35k –  £1m
  • New – 2.15% 5 Year Fixed £1295 fee, 75% LTV, Loans £35K – £1m

Buy to Let Remortgage

  • New – 2.05% 2 Year Fixed £1795 fee, 75% LTV, Loans 35k –  £1m
  • New – 2.15% 5 Year Fixed £1795 fee, 75% LTV, Loans £35K – £1m

Please be advised that these are the only changes and no products are being withdrawn or increasing in rate.Please view our updated intermediary and Reward rate sheets, for full details of all our lending products, effective from tomorrow.

Other news – Application system access this weekend
Please be aware that we will be conducting planned system updates over the coming Bank Holiday weekend. Click here for more information

Key product change timings confirmed*

  • Existing products: Final date for generating a Mortgage Information Sheet (MIS) Tuesday 25th May, 2021
  • Last rate switch (product transfer) applications on existing Reward range products: Wednesday 26th May, 2021
  • Last new lending applications on existing products: Thursday 3rd June, 2021
*Important reminder – Barclays Green Home Mortgages

To be eligible for one of our Green Home products, The home must be a new build and have an energy efficiency rating of 81 or higher, or be energy efficiency band A or B.

There’s no other specific eligibility criteria, and the application process is the same as with any other purchase, but applicants will need one of the following to prove the property’s energy efficiency rating

  • For fully built properties, a valid Energy Performance Certificate (EPC)
  • A valid Predicted Energy Assessment (PEA) certificate if the property is still being built

House builders can verbally confirm the property’s energy efficiency rating straight away, and applicants can use this to progress their application. They’ll still need to send us an eligible EPC or PEA, and should aim to do this as soon as possible. We won’t be able to complete their mortgage without one of these documents.

Find out more

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