Message from Barclays

From tomorrow, Wednesday 25 November, we are introducing new re-mortgage only products to our Barclays Premier customer exclusive range and making changes to our purchase only products.

Key Changes:

We will be:

  • Introducing three new Barclays Premier customer exclusive re-mortgage only products available when re-mortgaging from another lender, including a Lifetime Tracker at 2.15% (60% LTV)
  • Increasing the maximum loan size on all of our residential premier products from £1m to £1.5m
  • Increasing the minimum loan size on all cashback purchase products from £5k to £25k
  • Reducing or removing the cashback on certain Purchase Only products
  • Withdrawing our 5 Year Fixed 60% LTV at 2.29%, with a minimum loan size of £500k.

What are we introducing?

Premier Re-mortgage Only (available when re-mortgaging from another lender)

– 2.15% (BBBR + 1.65%) Lifetime Tracker, 60% LTV, £0 fee, min £5k, max £1.5m (Premier exclusive)

– 1.89% 2 Year Fixed Great Escape®, 70% LTV, £0 fee, min £50k, max £1.5m (Premier exclusive)

– 2.29% 5 Year Fixed, 60% LTV, £1,999 fee, min £5K, max £1.5m (Premier exclusive)

What are we amending?

Two Year Fixed Rates

– 1.53% 2 Year Fixed, 60% LTV, £999 fee, min £5k, max £1m (purchase only) removal of £250 cashback

– 2.39% 2 Year Fixed, 75% LTV, £0 fee, min £25k, max £1m, cashback £750 (purchase only) reduced cashback from £1,000

– 2.80% 2 Year Fixed, 85% LTV, £0 fee, min £25k, max £1m, cashback £1,000 (purchase only) increased from 2.69%

– 3.19% 2 Year Fixed, 90% LTV, £0 fee, min £25k, max £500k, cashback £1,000 (purchase only)

Five Year Fixed Rates

– 2.79% 5 Year Fixed, 60% LTV, £0 fee, min £25k, max £1m, cashback £250 (purchase only)

– 2.99% 5 Year Fixed, 75% LTV, £0 fee, min £25k, max £1m, cashback £750 (purchase only) reduced cashback from £1,000

– 3.49% 5 Year Fixed, 85% LTV, £0 fee, min £25k, max £1m, cashback £1,000 (purchase only)

– 3.89% 5 Year Fixed, 90% LTV, £0 fee, min £25k, max £500k, cashback £1,000 (purchase only)

Help to Buy: Mortgage Guarantee Scheme

– 3.79% HTB 2 Year Fixed, 95% LTV, £0 fee, min £50k, max £570k reduced from 3.99%

What are we withdrawing?

Five Year Fixed Rates

– 2.29% 5 Year Fixed, 60% LTV, £1,999 fee, min 500k, max £1m

Latest Rate Sheet
 
Click here to download the latest version of our rate sheet.

The withdrawal process is detailed below:

  • Products will be withdrawn/last KFI/last case booking: Tuesday 24 November
  • New products will be available: Wednesday 25 November
  • Last applications: Thursday 3 December

Important

Following the recent launch of our purchase Only Cashback products, it has been identified that MAX prevents the cashback amount from being quoted in KFIs/Offers when the application involves porting an existing product and topping up on one of the cashback products.

Therefore, to ensure the cashback is quoted in the KFI/Offer and subsequently issued to your client following completion of the mortgage, please contact the Intermediary Business Centre on 0345 073 3330 where a member of the team will provide you with a suitable GSN and sanction reference for use on the new ported application.