What's a redemption statement?
If you're thinking of paying off your Barclays mortgage early, also known as redeeming your mortgage, contact us on 0800 022 4022 (lines are open 8:30am to 5:30pm Monday to Friday, and 9am to 1pm on Saturday) so we can explain how to do this.
To maintain a quality service, we may monitor or record phone calls. Call charges.
If you've started to think about paying off your mortgage early and only require an illustrative figure to help you make that decision, ask for an 'Illustrative Redemption Statement'.
Requesting this will have no impact on your mortgage account, but the figure won't take into account all charges or interest that may be due, as outlined in your terms and conditions. This figure should not be used for the purposes of paying off your mortgage – it's only provided to give you an illustration of what the amount is likely to be.
Once you've decided that you want to pay off your mortgage, you need to request a 'Final Redemption Statement' for the date that you expect to repay your mortgage. This statement will confirm the exact amount, including any applicable fees and interest due, to fully repay your mortgage on that date.
The Final Redemption figure will detail any fees that are applicable such as an Early Repayment Charge (ERC) and a Final Repayment Charge (FRC).