Hi Tim

On Thursday 1 December, we will be introducing a selection of competitive changes to our range, including new fee-free Purchase-only products, with £250 cashback and free valuations, fee-free Buy to Let (BTL) products and our best-ever 5 Year Fixed rates for Purchase and Remortgage Premier clients.

Fee-free Purchase-only products

  • We are launching four new fee-free purchase only products @ both 75% and 80% LTVs, with £250 cashback and free valuations.

Fee-free BTL products

  • Aspirational landlords can benefit from two new fee-free BTL products, which includes our 2.59% 2 Year Fixed @ 65% LTV.

Best-ever 5 Year Fixed

  • We are launching our best-ever 5 Year Fixed product for Purchase and Remortgage for Premier clients, priced at 1.83% @ 70% LTV;
  • Core customers will also benefit with a reduction in rate (-10bps) and  fee (-£500) to our 5 Year Fixed 1.89% @ 60% LTV;
  • Existing mortgage customers are rewarded too, with our 1.83% 5 Year Fixed extended to 80% LTV in our Reward range, exclusively available for rate switch or further advance.

A complete list of changes can be found below:

We are reducing

 

2 Year Fixed (Purchase only)

  • 1.89% 2 Year Fixed, 75% LTV, £0 fee, reduced by 50bps (min £50k – max £250k + £250 cashback)

 

2 Year Fixed (Buy to Let)

  • 2.89% 2 Year Fixed, 75% LTV, £0 fee, reduced by 70bps

 

5 Year Fixed

  • 1.89% 5 Year Fixed, 60% LTV, £999 fee (reduced by £500), reduced by 10 bps
  • 2.49% 5 Year Fixed (Purchase only), 75% LTV, £0 fee, reduced by 50 bps (min £50k – max £250k + £250 cashback)

Reward Range (Rate Switch & Further Advance)

  • 1.83% 5 Year Fixed, 80% LTV, £1,499 (increased by £500), reduced by 41bps
  • 1.98% 5 Year Fixed, 65% LTV, £499 fee (reduced by £500)
  • 2.58% 2 Year Fixed (Buy to Let), 65% LTV, £0 fee, reduced by 21bps
  • 2.88% 2 Year Fixed (Buy to Let), 75% LTV, £0 fee, reduced by 11bps

We are introducing

 

2 Year Fixed (Purchase only)

  • 1.95% 2 Year Fixed, 80% LTV, £0 fee (min £50k – max £250k + £250 cashback)

5 Year Fixed (Premier)

  • 1.83% 5 Year Fixed, 70% LTV, £1,499 fee (min £5k – max £1.5m)

5 Year Fixed (Purchase only)

  • 2.69% 5 Year Fixed, 80% LTV, £0 fee (min £50k – max £250k + £250 cashback)

7 Year Fixed

  • 2.59% 7 Year Fixed, 60% LTV, £0 fee (min £5k – max £1m)

2 Year Fixed (Buy to Let)

  • 2.59% 2 Year Fixed, 65% LTV, £0 fee (min £35k – max £1m)

2 Year Tracker (Buy to Let)

  • 2.89% (BBBR+2.64%) 2 Year Tracker, 75% LTV, £0 fee (min £35k – max £750k)

5 Year Tracker (Large Loan)

  • 1.74% (BBBR+1.49%) 5 Year Tracker, 60% LTV, £2,999 fee (min £750k – max £2m)

Reward Range (Rate Switch & Further Advance)

  • 2.58% 7 Year Fixed, 65% LTV, £0 fee (min £5k – max £1.5m)
  • 2.88% (BBBR+2.63%) 2 Year Tracker (Buy to Let), 75% LTV, £0 fee (min £5k – max £1m)

We are increasing

 

7 Year Fixed

  • 2.19% 7 Year Fixed, 60% LTV, £999 fee (reduced by £500), increased by 20bps
  • 2.49% 7 Year Fixed, 70% LTV, £999 fee, increased by 14bps

10 Year Fixed

  • 2.59% 10 Year Fixed, 60% LTV, £999 fee, increased by 10bps
  • 2.89% 10 Year Fixed, 80% LTV, £999 fee, increased by 20bps

Reward Range (Rate Switch & Further Advance)

  • 2.18% 7 Year Fixed, 65% LTV, £999 fee, increased by 20bps
  • 2.48% 7 Year Fixed, 80% LTV, £999 fee, increased by 14bps
  • 2.79% 10 Year Fixed, 80% LTV, £0 fee, increased by 11bps
  • 2.58% 10 Year Fixed, 80% LTV, £999 fee, increased by 10bps

We are withdrawing

 

5 Year Fixed

  • 2.69% 5 Year Fixed, 80% LTV, £0 fee

5 Year Fixed (Purchase only)

  • 2.53% 5 Year Fixed, 60% LTV, £0 fee

5 Year (Premier Remortgage only)

  • 1.99% 5 Year Fixed, 60% LTV, £1,249 fee

 

When is this happening?

 

The withdrawal process is detailed below:

  • Products will be withdrawn/last KFI/ last case booking: Wednesday 30 November, 2016
  • New products will be available: Thursday 1 December, 2016
  • Last applications: Friday 9 December, 2016

 

Rate sheets will be updated and available online from Thursday 1 December, 2016.

Did you know? (Purchase)

There are many reasons to choose Barclays for your clients’ needs. But, did you know that we have a long list of unique selling points for our Purchase products?
Download our helpful ‘Did you know?’ sheet by clicking the button below to see why you should choose Barclays.

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