Good news for existing Barclays mortgage customers
- You can reserve your new Barclays mortgage rate, for free, with us – now.
- Existing customers can reserve a new Barclays mortgage rate up to 90 days before their current deal ends.
- You can switch to your new rate swiftly.
- We can get your new mortgage rate offer secured the same day we receive your instruction.
- We check your eligibility for you with Barclays.
- We check your mortgage balance and current valuation and let you know all the Barclays mortgage rates available to you.
- There are no credit checks involved.
- You can get a new mortgage rate regardless of your recent credit history.
- You can get a new rate if your circumstances have changed.
- We can arrange a new Barclays mortgage rate for existing customers even if your income has dropped.
- There’s no need for a valuer to visit.
- We obtain a valuation from the Lender, at no cost.
- You won’t need a solicitor to change your Barclays Mortgage Rate.
Overpayment allowances
As a concession Barclays allows overpayments of up to 10% of your outstanding balance annually without early repayment charges. If you intend to make regular or lump sum overpayments, firstly check with the lender that you will be within your overpayments limits. *On Offset products the fee is paid on full redemption only and is based on the original balance.
Process for Barclays mortgage rate switch
You can use our secure form (above) to request help online or call our team.
Have to hand your Barclays mortgage account number (this is 10 digits long and starts with ‘9’).
We will confirm the estimated value of your property so that loan-to-value can be assessed.
From that point, it is possible to identify the range of tracker and fixed mortgage rates available to you from the Barclays Woolwich range.Once you, as the borrower, decide on your preferred rate, we request the new mortgage rate on your behalf from Barclays Woolwich, which is then put in place as the current rate ends. This means you avoid mortgage interest on the relatively expensive 5.99% variable rate (1.99% above BOE Base Rate).
Barclays require no underwriting for existing mortgage customers.
Barclays mortgage rate switches are arranged without any proof of income or further financial information requested by the lender. This means:
- No credit scoring
- No wage slips for employed borrowers
- No accounts or SA302s for self-employed borrowers
- No bank statements
- No affordability checks
- Further advances, term changes, home moves, and removal of a borrower, all require underwriting in the usual way.
How to find your Barclays Mortgage Account Number
Your Barclays Mortgage Account Number will be 10 digits long starting with a ‘9’ (residential mortgages, buy to let mortgages use a different number format).
This can sometimes be difficult to find but you can find it on your latest mortgage statement, or on your Barclays App
Finding your Barclays Mortgage Account Number on your Barclays App
Log on to your Barclays App and Navigate to your Barclays Mortgage Account. Your Barclays Mortgage Account Number is at the top of the screen. Ignore the first four digits and note the other 10
Finding your Barclays Mortgage Account Number on your Barclays Mortgage Statement
Log on to your Barclays App and Navigate to your Barclays Mortgage Account. Under “Summary of your account with us‘” look for the description ‘Mortgage Account’ – your mortgage account number is to the left separated by two hyphens