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. Not any more – our new Great Escape mortgages range gives you a way out.
Your home may be repossessed if you do not keep up repayments on your mortgage
It has never been easier to switch to Barclays if you’re unhappy with your current mortgage.
- No application, valuation or legal fee
- We'll pay up to £300 towards your exit fee
| 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) | 2.99%
until 30 June '15 |
3.89% (BBBR + 3.39%) variable for the remaining term | 3.8% APR | £0 | 70% (max) of the value of your home (Min loan £100,000) |
3% of the balance repaid until 30 June '15 |
| Great Escape 2 Year Fixed (Re-mortgage only) | 3.74%
until 30 June '15 |
3.89% (BBBR + 3.39%) variable for the remaining term | 3.9% APR | £0 | 80% (max) of the value of your home (Min loan £100,000) |
3% of the balance repaid until 30 June '15 |
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
1. Lines are open Monday to Friday 9am-8pm and Saturday 9am-2pm. To maintain a quality service, we may monitor or record phone calls
Read our call charges and information
2. Lines are open Monday to Friday 8.30am-5.30pm. To maintain a quality service, we may monitor or record phone calls
Read our call charges and information
3. Please note: fees may still be charged by your existing lender
4. BBBR = which is currently 0.50%
(effective 6 March 2009)
“The Great Escape" is a trademark of Barclays Bank Plc.
