On Tuesday 14 February, we are launching our best ever residential purchase only cashback products, offering up to £2,500 for clients.

The Barclays Homebuyer Cashback mortgage does exactly what it says on the tin; paying a sizeable cashback which could come in handy for recovering initial costs such as stamp duty, top up savings accounts used or to furnish/decorate the home.

We will also be making extensive changes to our residential range, including fixed rates and fee free options, specifically designed to help customers looking to purchase or remortgage.

*New & Competitive Residential rates*

  • 2.69% 5 Year Fixed, 80 per cent LTV (Purchase only) with £0 fee and up to £2,500 cashback
  • Residential range now extended to £2m
  • 1.28% 2 Year Fixed, 60% with a £1,499 fee
  • 2.04% 5 Year Fixed, 75% with a £1,499 fee

*Broader fee-free range*

  • 1.89% 2 Year Fixed, 70% (Purchase Only) with £0 fee
  • 1.99% 3 Year Fixed, 60% with £0 fee
  • 1.75% 2 Year Fixed, 70% (Great Escape) with £0 fee

*New & extended Large Loan range*

  • Loan sizes now available from £2m – £10m, with a standard 0.25% fee
  • 1.39% 2 Year Fixed, 60% with a 0.25% fee
  • 1.99% 5 Year Fixed, 60% with a 0.25% fee

For a complete view of changes, please see detail below.

 

Our best-ever Residential rates get even better for your clients with an existing Barclays mortgage. Our Reward Range offers a wide variety of fee and rate discounts, plus extended LTV and maximum loan sizes exclusively available for rate switch or further advance.

 

Introductions

 

Loan sizes between £5k – £500k

  • 1.79% 2 Year Fixed, 60% (Purchase only) with £0 fee
  • 1.89% 2 Year Fixed, 70% (Purchase only) with £0 fee
  • 1.75% 2 Year Fixed, 70% (Great Escape) with £0 fee
  • 2.35% 2 Year Fixed, 85% with £0 fee
  • 1.99% 3 Year Fixed, 60% with £0 fee
  • 2.04% 3 Year Fixed, 70% with a £999 fee
  • 2.25% 3 Year Fixed, 70% with £0 fee
  • 2.39% 3 Year Fixed, 80% with £0 fee
  • 2.39% 5 Year Fixed, 70% (Purchase Only) with £0 fee
  • 2.35% 5 Year Fixed, 70% (Great Escape)
  • 2.45% 5 Year Fixed, 80% with £0 fee
  • **2.69% 5 Year Fixed, 80% with £0 fee and £1,250 cashback**
  • **2.69% 5 Year Fixed, 80% with £0 fee and £2,500 cashback**
  • 2.89% 5 Year Fixed, 85% with £0 fee
  • 3.25% 5 Year Fixed, 90% with £0 fee
  • 1.79% (BBBR+1.54%) 2 Year Variable Offset, 65% with a £1,749 fee
  • 1.89% (BBBR+1.64%) 2 Year Variable Offset, 75% with a £1,749 fee
  • 2.49% (BBBR+2.24%) Lifetime Offset, 75 % with a £1,999 fee
  • 1.74% (BBBR+1.49%) 2 Year Tracker, 70% Great Escape with £0 fee
  • 1.75% (BBBR+1.50%) 2Yr Tracker, 70% purchase only with a £0 fee
  • 1.85% (BBBR+1.60%) 2Yr Tracker 80% with a £0 fee

Loan sizes between £500k – £2m

  • 1.28% 2 Year Fixed, 60% with a £1,499 fee
  • 1.40% 2 Year Fixed, 75% with a £1,499 fee
  • 1.54% 2 Year Fixed, 80% with a £1,499 fee
  • 1.92% 2 Year Fixed, 85% with a £1,499 fee
  • 1.84% 5 Year Fixed, 60% with a £1,499 fee
  • 2.04% 5 Year Fixed, 75% with a £1,499 fee
  • 2.20% 5 Year Fixed, 80% with a £1,499 fee
  • 2.44% 5 Year Fixed, 85% with a £1,499 fee
  • 1.18% (BBBR+0.93%) 2 Year Tracker, 60% with a £1,499 fee
  • 1.45% (BBBR+1.20%) 2 Year Tracker, 75% with a £1,499 fee
  • 1.60% (BBBR+1.35%) 2 Year Tracker, 80% with a £1,499 fee
  • 1.84% (BBBR+1.59%) 2 Year Tracker, 85% with a £1,499 fee

Loan sizes between £2m – £10m

  • 1.39% 2 Year Fixed, 60% with a 0.25% fee
  • 1.49% 2 Year Fixed, 70% with a 0.25% fee
  • 1.99% 5 Year Fixed, 60% with a 0.25% fee
  • 2.09% 5 Year Fixed, 70% with a 0.25% fee
  • 2.59% 10 Year Fixed 70% with a 0.25% fee
  • 1.45% (BBBR+1.20%) 2 Year Tracker, 70% with a 0.25% fee

Premier Exclusive

  • 1.75% 2 Year Premier Fixed (Remortgage only), 75% with £0 fee
  • 1.79% 3 Year Premier Fixed, 60% with a £999 fee
  • 2.49% 10 Year Premier Fixed, 60% with a £999 fee

Reductions

 

Loan sizes between £5k – £500k

  • 2 Year Fixed 80% (Great Escape) reduced to 1.95%
  • 2 Year Fixed 90% reduced to 2.33%
  • 2 Year Fixed 90% (fee free) reduced to 2.75%
  • 3 Year Fixed 85% reduced to 2.29%
  • 3 Year Fixed 90% reduced to 2.55%
  • 5 Year Fixed 75% reduced to 2.09%
  • 5 Year Fixed 75% (Help To Buy) reduced to 2.35%
  • 5 Year Fixed 75% (fee free) (Help To Buy) reduced to 2.75%
  • 5 Year Fixed 80% reduced to 2.25%
  • 5 Year Fixed 85% reduced to 2.49%
  • 5 Year Fixed 90% reduced to 2.99%
  • 2 Year Tracker 60% reduced to 1.23% (BBBR+0.98%)

 

When is this happening?

 

The withdrawal process is detailed below:

  • Products will be withdrawn/last KFI/ last case booking: Monday 13 February, 2017
  • New products will be available: Tuesday 14 February, 2017
  • Last applications: Wednesday 22 February, 2017

 

For more detail concerning increases and withdrawals, please refer to our rate sheets which will be updated and available online from Tuesday 14 February, 2017.