We are operating within a fast-moving funding environment and are committed to reviewing our products at pace to ensure we continue to offer you a competitive range.
With this in mind – and further to the changes made last week – we are please to advise we have reviewed our offering and are reducing fixed rate products across our Residential purchase range by as much as 0.30%, effective from tomorrow, Wednesday, 14th June 2023.
Product change summary
- Reducing rates and fees on a selection of our 2 and 5 year core range fixed rate products
- Reducing the rates on our existing 2 and 5 year Green Home fixed rate products
- Reducing the rates on our existing Mortgage Guarantee Scheme (MGS) fixed rate products
Product change highlights
- 5 year Fixed £999 product fee, 90% LTV, Loans £5k – £570k will be reducing from 5.85% to 5.55%
- 5 year Green Home Fixed £999 product fee, 90% LTV, Loans £5k -£570k will be reducing from 5.75% to 5.45%
- 5 year MGS Fixed £0 product fee, 95% LTV, Loans £25k – £570k will be reducing from 7.47% to 7.17%
Full details of all product changes can be found within our rate overview guide and you can access the full range of Barclays mortgage products, effective from tomorrow, within our updated Intermediary and Reward rate sheets.
Please note no products are increasing in price or being withdrawn as part of these changes. Please see below for the withdrawal timelines for products being reduced.
Product withdrawal timings
To qualify for a product, a MIS needs to have been generated, on or before the date of withdrawal (Tuesday 13th June) either using our Barclays systems or your preferred sourcing tool and must be submitted prior to the last application date – Thursday 22nd June.
Please be advised that upon withdrawal, the products will be removed from the dropdown options within our application services. Therefore, for new lending applications you will need to ensure the product has been selected and saved in the application today (you then have until Thursday 22nd June to secure a case booking and submit).