With effect from Tuesday 23 August, we are making a range of changes to our Purchase, Remortgage, Rate Switch, Further Advance and BTL range, including Fixed and Tracker products.

What’s happening?

Reductions

We are reducing rates across the range, including our 2 Year Fixed 75% LTV being reduced by 10bps to 1.59%, and our 5 Year Fixed 70% LTV which will be reduced by 10bps to 2.35% with £999 fee.

Introductions

We are introducing five new rates, including two 7 Year Fixed products which are priced identically to our 5 Year products, offering your clients two years additional peace of mind at the price of a five year deal. Introductions also include two exclusive max 50% LTV BTL re-mortgage products.

Reward Range

We are proud to launch our brand new Reward Range for existing Barclays mortgage customers. To reward your clients for their continued business we are offering a broad selection of competitive rates that cater for a wide variety of needs, ensuring your clients continue to receive great value by staying with Barclays, without the hassle of underwriting or further affordability checks, plus an uncapped 0.2% proc fee payable for rate switches.

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

A complete list of Reward Range rates can be viewed here, and our complete rate sheets will be available via the website from Tuesday 23 August, 2016. Use our Rate Switch Guideto submit your rate switch requests.

Increases

We are increasing three products; two 2 Year Trackers and a 2 Year Help to Buy (Mortgage Guarantee). We are also increasing the fee slightly for our Offset products.

 

Details of all changes can be found below.

* Further advance and increased-lending will be subject to underwriting 

We are reducing

 

 

2 Year

  • 1.59% 2 Year Fixed, 75% LTV, £999 fee, reduced by 10bps
  • 1.55% 2 Year Fixed Premier, 75% LTV, £999 fee, reduced by 14bps
  • 1.69% 2 Year Fixed Premier, 80% LTV, £999 fee, reduced by 8bps

5 Year

  • 2.35% 5 Year Fixed, 70% LTV, £999 fee, reduced by 10bps
  • 1.99% 5 Year Fixed Premier (Remortgage only), 60% LTV, £1,249 fee, reduced by 10bps

Help to Buy 1 (Equity Loan)

  • 1.65% 2 Year Fixed, 75% LTV, £999 fee, reduced by 20bps
  • 1.99% 2 Year Fixed, 75% LTV, £0 fee, reduced by 30bps
  • 2.55% 5 Year Fixed, 75% LTV, £999 fee, reduced by 10bps
  • 2.99% 5 Year Fixed, 75% LTV, £0 fee, reduced by 10bps

We are introducing

 

5 Year

  • 2.09% 5 Year Fixed, 60% LTV, £999 fee

7 Year

  • 2.09% 7 Year Fixed, 60% LTV, £999 fee
  • 2.35% 7 Year Fixed, 70% LTV, £999 fee

Buy to Let

  • 1.85% 2 Year Fixed (Remortgage only), 50% LTV, £1,990 fee
  • 2.85% 5 Year Fixed (Remortgage only), 50% LTV, £1,499 fee

Reward Range (Barclays Mortgage Customers only)

  • A complete list of Reward Range rates can be viewed here

We are increasing

 

Help to Buy 2 (Mortgage Guarantee)

  • 3.99% 2 Year Fixed, 95% LTV, £0 fee, increased by 20bps

2 Year

  • 1.39% (BBBR+1.14%) 2 Year Tracker, 60% LTV, £999 fee, increased by 15bps
  • 1.49% (BBBR+1.24%) 2 Year Tracker, 75% LTV, £999 fee, increased by 9bps

Offset

  • 1.64% (BBBR+1.39%) 2 Offset, 65% LTV, £2,249 fee (increased by £250)
  • 1.74% (BBBR+1.49%) 2 Offset, 75% LTV, £1,499 fee (increased by £500)
  • 2.24% (BBBR+1.99%) LifeTime Offset, 75% LTV, £1,499 fee (increased by £500)
  • 2.24% (BBBR+1.99%) LifeTime Offset, 75% LTV, £999 fee (increased by £500)

We are withdrawing

5 Year

  • 2.19% 5 Year Fixed (Purchase only), 60% LTV, £1,499 fee
  • 2.14% 5 Year Fixed (Remortgage only), 60% LTV, £999 fee

 

When is this happening?

The withdrawal process is detailed below:

  • Products will be withdrawn/last KFI/ last case booking: Monday 22 August, 2016
  • New products will be available: Tuesday 23 August, 2016
  • Last applications: Wednesday 31 August, 2016

Rate sheets will be updated and available online from Tuesday 23 August, 2016.

     View Latest Rates

 

Why rate switch existing Barclays mortgage customers?

There are many reasons to rate switch your existing Barclays mortgage customers:

  • Quick, simple process via Secure Mail
  • Discounted rates and/or fees
  • Available for further advance as well as rate switch
  • 0.2% proc fee payable for all rate switch completions
  • No proof of income or underwriting required
  • Apply up to 3 months before your client’s rate comes to an end

For a complete list of rate switch benefits, download our Did you know? Help Sheet

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: RC9-16