Barclays will change rates on a selection of products across its Purchase, Remortgage, and Reward ranges, from tomorrow (Thursday 14th November).
Barclays is implementing increases on several existing products.
The 3.96% Premier 2-tear fixed rate, with a £899 product fee at 60% loan-to-value (LTV), will increase from 3.96% to 4.30%.
Its 4.21% 2-year fixed rate, with no product fee at 60% LTV, will increase to 4.55%.
Its 4.11% Premier 2-year fixed rate, at 75% LTV, will increase to 4.45%.
Various other products will see similar increases across different LTVs and terms.
Upon withdrawal, the affected products will be removed from the dropdown options within application services.
Barclays provides a nine-day window, allowing advisers to package cases correctly and address any queries at a suitable time.
For new lending, applications must have been started and products selected from the dropdown on or before the withdrawal date (Wednesday 13th November) and submitted before the last application date (Friday 22nd November).
To qualify for a product, a mortgage illustration statement must have been generated on or before the withdrawal date either using Barclays systems or a sourcing tool of choice.
For product transfers, the product must be selected and an application submitted on or before Thursday 14th November.
