Barclays is making positive changes to products across our Residential new lending Purchase and Remortgage ranges, effective from tomorrow, Wednesday, 29th March 2023.
Product change summary
- Reducing a selection of our existing 2 and 5 year Fixed products by as much as 0.47%
- Launching a competitive new 5 year Premier* Fixed rate product available for Residential Purchase applications
- Increasing the cash back to £350, when your client selects their ‘own solicitor’ on our core Residential 2 and 5 year fixed rate remortgage products – available for loans up to £2m
Please note, £500 cashback continues to apply for your clients opting to appoint their own solicitor, when taking our fee free 2 and 5 year Fixed Great Escape remortgage products.
Product change highlights
- Reduced – 4.50% 2 year Fixed £999 product fee, 60% LTV, Min loan £5k, Max loan £2m will reduce to 4.10% – available for Residential Purchase and Remortgage
- Reduced – 4.20% 5 year Fixed £999 product fee, 60% LTV, Min loan £5k, Max loan £2m will reduce to 4.00% – available for Residential Purchase and Remortgage
- New – 4.00% 5 year Premier* Fixed £699 product fee, 60% LTV, Min loan £5k, Max loan £2m – available for Residential purchase
* Premier Exclusive Rates – To qualify for these products, your clients must hold a Premier Banking relationship with Barclays. Joint applications require only one applicant to meet the criteria.
For more information, 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 rate sheet.