We are pleased to confirm, following your feedback, we are making some positive changes across our Residential purchase range with new products launching tomorrow, Tuesday 6th November, 2018.
Key highlight – our competitive First Time Buyer products with a £1000 cashback option will be made available to all Home-Mover purchase clients, except for those who are porting an existing rate and topping up their loan with an additional product.
Cashback products
New product launching
- 3.79% 5 Yr Fixed, £0 product fee, £1000 cashback option, 95% LTV, Min loan £50,000, Max loan £400,000
Existing products now available for Home-Movers
- 2.74% 2 Yr Fixed, £0 product fee, 85% LTV, Min loan now £50,000, Max loan £500,000
- 2.79% 2 Yr Fixed, £0 product fee, 90% LTV, Min loan now £50,000, Max loan £400,000
- 3.75% 2 Yr Fixed, £0 product fee, 95% LTV, Min loan now £50,000, Max loan £400,000
Important: our cash back products are not available for further borrowing when an existing Barclays mortgage customer is porting a rate.
Other Purchase Only product changes
New products launching
- 1.59% 2 Yr Fixed, £999 product fee, 75% LTV, Min loan £5000, Max loan £700,000
- 1.99% 5 Yr Fixed, £999 product fee, 75% LTV, Min loan £5000, Max loan £700,000
Existing product reducing
- 4.14% 5 Yr Fixed, £0 product fee, 95% LTV, Min loan £5000, Max loan £400,000
Existing product being withdrawn and not replaced
- 4.04% 5 Yr Fixed, £499 product fee, 95% LTV, Min loan £5000, Max loan £400,000
Key timings
- Existing products withdrawn/Last case booking and last KFI: Monday 5th November, 2018
- New products launching: Tuesday 6th November, 2018
- Last applications on existing products: Wednesday 14th November, 2018
Have you tried our new Online Rate Switch tool? Now available for all Residential and Buy to Let rate switch requests, our online tool allows you to submit rate switch applications more quickly and easily, directly from the Barclays Intermediary Hub, with no documentation or signed declarations required.
