Tuesday 11 October, 2016

2 Year Fixed

Help to Buy 1

1.49%, 75% LTV

– 16bps

5 Year Fixed

Buy to Let

2.49%, 65% LTV

– 60bps

2 Year Fixed

Large Loan

1.49%, 65% LTV

– 50bps

5 Year Fixed

Core

2.69%, 80% LTV

– 44bps

Hi Tim

From Tuesday 11 October, Barclays will be delivering a series of highly competitive reductions across the range, including Residential, Large Loan and Buy to Let products.

What’s happening?

Reductions

We are reducing a number of rates across the core range and Reward Range, including:

  • 2 Year Fixed Help to Buy 1, 75% LTV reduced by 16bps to 1.49%
  • 5 Year Fixed Buy to Let, 65% LTV reduced by 60bps to 2.49%, as well as reduced fees
  • 2 Year Fixed Large Loan, 65% LTV reduced by 50bps to 1.49%

PLUS…

****All 60% LTV Buy to Let products are now available at max 65% LTV (max loan of £1m), whilst all 75% LTV Buy to Let products now benefit from a maximum loan size of £750k (previously £500k)****

Introductions

We are introducing a selection of new Large Loan products, including a 2 Year Fixed 75% at 1.65% for loan sizes between both £1m – £3m and £3m – £5m.

Reward Range

Our Reward Range benefits existing mortgage customers with a variety of fee and rate discounts, plus extended maximum LTVs and loan sizes.

Rate reductions include:

  • 2 Year Fixed, 80% LTV at 1.88% with no product fee (reduced by 21bps)
  • 2 Year Fixed, 65% LTV at 1.49% for loans between £1.5m – £5m (reduced by36bps)
  • 5 Year Fixed, 65% LTV at 2.45% for BTL customers (reduced by 39bps)

The Residential and Buy to Let Reward rates are available for existing Barclays mortgage customers for rate switch (product transfer) and further advance only.

Increases & Withdrawals

We are increasing and withdrawing a selection of our Fixed, Tracker, Buy to Let, Offset and Reward Range products.

Details of all changes can be found below.

We are reducing

 

2 Year (Purchase & Remortgage)

  • 1.59% 2 Year Fixed, 80% LTV, £999 fee, reduced by 10bps

 

2 Year (Remortgage only)

  • 1.89% 2 Year Fixed Great Escape, 70% LTV, £0 fee, reduced by 30bps
  • 1.99% 2 Year Fixed Great Escape, 80% LTV, £0 fee, reduced by 30bps

5 Year (Purchase & Remortgage)

  • 2.25% 5 Year Fixed, 75% LTV, £999 fee, reduced by 29bps
  • 2.39% 5 Year Fixed, 80% LTV, £999 fee, reduced by 19bps
  • 2.69% 5 Year Fixed, 80% LTV, £0 fee, reduced by 44bps

5 Year (Remortgage only)

  • 2.49% 5 Year Fixed, 70% LTV, £0 fee, reduced by 30bps

Help to Buy 1 (Equity Loan)

  • 1.49% 2 Year Fixed, 75% LTV, £999 fee, reduced by 16bps
  • 1.85% 2 Year Fixed, 75% LTV, £0 fee, reduced by 14bps

Help to Buy Scotland

  • 2.09% 2 Year Fixed, 80% LTV, £0 fee, reduced by 30bps
  • 1.85% 2 Year Fixed, 80% LTV, £499 fee (reduced by £500)

Buy to Let (Purchase & Remortgage)

  • 1.89% 2 Year Fixed, 65% LTV, £1,990 fee (reduced by £9), reduced by 10bps
  • 2.19% 2 Year Fixed, 75% LTV, £1,990 fee (reduced by £9), reduced by 20bps
  • 2.09% 2 Year Fixed, 75% LTV, 1% fee, reduced by 20bps
  • 2.49% 5 Year Fixed, 65% LTV, £1,990 fee (reduced by £9), reduced by 60bps
  • 3.49% 5 Year Fixed, 75% LTV, £1,990 fee (reduced by £9)
  • 2.49% 5 Year Fixed Premier, 65% LTV, £1,490 fee (reduced by £509), reduced by 56bps
  • 2.20% (BBBR+1.95%) Tracker, 75% LTV, £1,490 (reduced by £9)

Large Loans (Purchase & Remortgage)

  • 1.49% 2 Year Fixed, 65% LTV, £1.999 fee, (£1m – £3m), reduced by 36bps
  • 1.49% 2 Year Fixed, 65% LTV, £5,000 fee, (£3m – £5m), reduced by 50bps

Reward Range (Rate Switch & Further Advance)

  • 1.88% 2 Year Fixed, 80% LTV, £0 fee, reduced by 21bps
  • 2.48% 5 Year Fixed, 80% LTV, £0 fee, reduced by 30bps
  • 2.24% 5 Year Fixed, 80% LTV, £999 fee, reduced by 10bps
  • 1.49% 2 Year Fixed Large Loan, 65% LTV, £1,499 fee, reduced by 36bps
  • 2.15% 5 Year Fixed Large Loan, 65% LTV, £999 fee, reduced by 30bps
  • 2.09% 2 Year Fixed Buy to Let, 75% LTV, £999 fee, reduced by 20bps
  • 2.45% 5 Year Fixed Buy to Let, 65% LTV, £1,499 fee, reduced by 39bps

We are introducing

 

Large Loans (Purchase & Remortgage)

  • 1.65% 2 Year Fixed, 75% LTV, £1,999 fee (£1m – £3m)
  • 1.65% 2 Year Fixed, 75% LTV, £5,000 fee (£3m – £5m)
  • 2.09% 2 Year Fixed, 85% LTV, £1,999 fee (£1m – £3m)
  • 2.15% 5 Year Fixed, 65% LTV, £1,999 fee (£1m – £3m)
  • 2.15% 5 Year Fixed, 65% LTV, £5,000 fee (£3m – £5m)
  • 2.49% 5 Year Fixed, 75% LTV, £1,999 fee (£1m – £3m)
  • 2.49% 5 Year Fixed, 75% LTV, £5,000 fee (£3m – £5m)
  • 1.69% (BBBR+1.44%) 2 Year Tracker, 75% LTV, £1,999 fee (£1m – £3m)
  • 1.69% (BBBR+1.44%) 2 Year Tracker, 75% LTV, £5,000 fee (£3m – £5m)
  • 2.05% (BBBR+1.80%) 2 Year Tracker, 85% LTV, £1,999 fee (£1m – £3m)

Reward Range (Rate Switch & Further Advance)

  • 1.65% 2 Year Fixed Large Loan, 85% LTV, £1,499 fee (£1.5m – £5m)
  • 2.49% 5 Year Fixed Large Loan, 85% LTV, £1,499 fee (£1.5m – £5m)
  • 1.69% (BBBR+1.44%) 2 Year Large Loan Tracker, 85% LTV, £1,499 fee (£1.5m – £5m)

We are increasing

 

2 Year (Purchase & Remortgage)

  • 1.65% (BBBR+1.40%) 2 Year Tracker, 80% LTV, £999 fee, increased by 5bps
  • 1.89% (BBBR+1.64%) 2 Year Tracker, 85% LTV, £999 fee, increased by 15bps

Lifetime Tracker

  • 2.49% (BBBR+2.24%) LifeTime Tracker Offset, 75% LTV, £1,499 fee, increased by 20bps
  • 2.49% (BBBR+2.24%) LifeTime Tracker Premier Offset, 75% LTV, £999 fee, increased by 20bps

Buy to Let (Purchase & Remortgage)

  • 3.59% 2 Year Fixed, 75% LTV, £0 fee, increased by 20bps
  • 1.85% (BBBR+1.60%) Tracker, 65% LTV, £1,490 fee (reduced by £9), increased by 17bps

Reward Range (Rate Switch & Further Advance)

  • 2.48% (BBBR+2.23%) LifeTime Tracker Offset, 75% LTV, £999 fee, increased by 20bps
  • 1.80% (BBBR+1.55%) 2 Year Buy to Let Tracker, 65% LTV, £1,499 fee, increased by 13bps

We are withdrawing

 

5 Year (Purchase & Remortgage)

  • 2.35% 5 Year Fixed, 70% LTV, £999 fee

Help to Buy 1 (Equity Loan)

  • 1.34% (BBBR+1.09%) 2 Year Tracker, 75% LTV, £999 fee

Buy to Let (Remortgage Only)

  • 2.85% 5 Year Fixed, 50% LTV, £1,499 fee
  • 3.69% 2 Year Fixed Great Escape, 75% LTV, £0 fee

Large Loans (Purchase & Remortgage)

  • 1.99% 2 Year Fixed, 70% LTV, £1,999 fee (£1m – £2m)
  • 1.99% 2 Year Fixed, 70% LTV, £5,000 fee (£2m – £3m)
  • 2.75% 5 Year Fixed, 80% LTV, £2,999 fee (£1m – £3m)
  • 2.75% 5 Year Fixed, 80% LTV, £5,000 fee (£3m – £5m)
  • 1.42% (BBBR+1.17%) 2 Year Tracker, 65% LTV, £1,999 fee (£1m – £3m)
  • 1.42% (BBBR+1.17%) 2 Year Tracker, 65% LTV, £5,000 fee (£3m – £5m)
  • 1.54% (BBBR+1.29%) 2 Year Tracker, 70% LTV, £1,999 fee (£1m – £3m)
  • 1.54% (BBBR+1.29%) 2 Year Tracker, 70% LTV, £5,000 fee (£3m – £5m)
  • 1.54% (BBBR+1.29%) 2 Year Premier Tracker, 70% LTV, £999 fee (£1m – £3m)
  • 1.54% (BBBR+1.29%) 2 Year Premier Tracker, 70% LTV, £4,000 (£3m – £5m)

Reward Range (Rate Switch & Further Advance)

  • 2.49% 5 Year Fixed, 65% LTV, £0 fee
  • 1.74% (BBBR+1.49%) 2 Year Offset Tracker, 65% LTV, £1,999 fee (£3m – £5m)
  • 1.42% (BBBR+1.17%) 2 Year Tracker, 75% LTV, £1,499 fee (£1.5m – £5m)
  • 1.99% 2 Year Fixed Large Loan, 75% LTV, £1,499 fee (£1.5m – £5m)
  • 2.75% 5 Year Fixed Large Loan, 75% LTV, £1,499 fee (£1.5m – £5m)

 

When is this happening?

The withdrawal process is detailed below:

  • Products will be withdrawn/last KFI/ last case booking: Monday 10 October, 2016
  • New products will be available: Tuesday 11 October, 2016
  • Last applications: Wednesday 19 October, 2016

Rate sheets will be updated and available online from Tuesday 11 October, 2016.

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Please do not reply to this email, this inbox is not monitored

Tom Jones

Relationship Manager

thomas.jones@barclays.com

The Intermediary Hub

For intermediary use only

Barclays Bank PLC. Registered in England. Registered No. 1026167. Registered Office:1 Churchill Place, London E14 5HP. Buy to Let mortgages are not regulated by the Financial Conduct Authority or the Prudential Regulation Authority.

Ref: RC12-16

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