Great Escape mortgages
Switching mortgages? Remortgage with flexibility and you could save on fees.
If you're unhappy with your current variable rate but are worried about the cost and difficulties involved in changing your mortgage, it can seem like you're walled in with no chance of escape. You're not any more, with our new range of Great Escape mortgages.
Your home may be repossessed if you do not keep up repayments on your mortgage
Is now the time for a Great Escape mortgage?
Whether you're looking to fix or track your mortgage now, with our suite of Great Escape products switching mortgages to Barclays has never been easier.
If you change mortgage lenders, you’ll get a competitive rate with us and there are no legal, valuation or application fees. We’ll even pay up to £300 towards your existing lender's exit fee after completion. Plus, a Great Escape Tracker mortgage comes with our Switch and Fix service, so there’s no early repayment charge if you want to switch from a Barclays tracker to a fixed-rate mortgage with us at any time. Switching mortgages to a different Barclays variable rate or other provider will require 1% of balance to be repaid until 31/05/2014. Other fees may apply, such as an application fee for the new fixed-rate mortgage.
If you're interested in changing mortgage lenders, please see below our full range of Great Escape mortgages.
| Product | Initial interest rate | Follow on interest rate | The overall cost for comparison is | Application fee | How much could I borrow? | Early repayment charge |
| Fixed rate mortgages | ||||||
| Great Escape 2 Year Fixed (Re-mortgage only) | 3.89%
until 31 May '14 |
3.89% (BBBR + 3.39%) variable for the remaining term | 4.0% APR | £0 | 70% (max) of the value of your home (Min loan £100,000) |
3% of the balance repaid until 31 May '14 |
| Great Escape 2 Year Fixed (Re-mortgage only) | 3.99%
until 31 May '14 |
3.89% (BBBR + 3.39%) variable for the remaining term | 4.0% APR | £0 | 80% (max) of the value of your home (Min loan £100,000) |
3% of the balance repaid until 31 May '14 |
| Great Escape 2 Year Fixed (Re-mortgage only) | 4.24%
until 31 May '14 |
3.89% (BBBR + 3.39%) variable for the remaining term | 4.0% APR | £0 | 80% (max) of the value of your home (Min loan £50,000, Max loan £100,000) |
3% of the balance repaid until 31 May '14 |
Could be good for you if:
- You're currently on a variable-rate mortgage charging a higher rate than the Great Escape and are able to change mortgage lenders without paying an early repayment charge to your existing lender
- You want the flexibility to switch to a Barclays fixed-rate mortgage when it suits you without incurring an early repayment charge
Look at our other products if:
- You are not remortgaging, but buying a new home or are a first-time buyer
- You want to offset your savings to reduce your monthly mortgage payments or pay off your mortgage sooner
Important information