We are pleased to confirm we are reducing the rates on a number of our high LTV purchase and remortgage products within our Residential, Buy to Let and Reward ranges, with new products launched.
Reductions will be made to selected 2, 3 and 5 year fixed products (including Help to Buy) and in addition, we are launching a competitive new 85% LTV Premier exclusive* 3 year fixed rate.
Key Product change Highlights
Available for Residential Purchase and Remortgage
- New – 1.73% 3 year fixed Premier exclusive with a £999 product fee available for loans £5k – £1m, max. 85% LTV
Available for Residential Purchase
- Reduced – 2 year fixed with a £0 product fee available for loans £5k – £375k, max. 90% LTV, reduced from 2.12% to 2.08%
- Reduced – 5 year fixed Help to Buy with a £749 product fee available for loans £25k – £450k, max. 75% LTV, reduced from 1.85% to 1.81%
Please note there are no products increasing in rate or being withdrawn as part of this launch.
Please click here to view a full list of products reducing in rate.
Key timings
- Existing products: Final date for case booking or generating a Mortgage Information Sheet (MIS): Wednesday 9th October, 2019
- New products available: Thursday 10th October, 2019
- Last rate switch applications (product transfers): Thursday 10th October, 2019
- Last applications: Existing products: Friday 18th October, 2019
* Your client must be a Barclays Premier banking customer to be eligible for a Premier Exclusive mortgage product.
To join Premier, your client will need a minimum of £100,000 saved or invested in Barclays – or an annual gross income of £75,000 or more paid into a Barclays current account www.barclays.co.uk/premier-banking/
