Rate switch mortgage protection offer
Rate switch mortgage protection offer
Terms and conditions for mortgage protection life insurance you take out when you apply for a rate switch
Terms, conditions and exclusions
These are the terms and conditions of the rate switch mortgage protection offer for existing Barclays customers who get a quote and take out a policy for mortgage protection life insurance when you complete a rate switch application. These terms and conditions are between you and us (Barclays Bank UK PLC).
The offer is available to existing Barclays customers who get a quote for mortgage protection life insurance, apply for a mortgage rate switch with us at the same time and go on to buy the insurance policy before the quote expires.
If you’re eligible, you’ll get a £100 e-voucher to spend on a range of gifts from Simply Thank You. You’ll need to take out a mortgage protection life insurance policy when you complete your rate switch application between 17 April and 20 June 2023. You must use your Simply Thank You voucher by 31 May 2024 – it won’t be valid after this date. See below for additional eligibility criteria.
You’ll be eligible if
- You get a quote for mortgage protection life insurance within the offer period of 17 April and 20 June 2023, and buy that policy before the quote expires – the expiry date will be on your quote
- You submit a rate switch application for a mortgage held with us
- You hold your life insurance policy for at least five months – your mortgage rate switch start date won’t affect your eligibility for the offer
- You buy the policy outside of the offer period, you’ll still be eligible for the offer, as long as you got the quote during the offer period
- You give us an email address so we can contact you about your offer
- You only claim once for this offer
You won’t be eligible if
- You cancel your policy within 30 days of the policy’s start date or have any unpaid premiums
- You cancel the policy within five months after the first insurance policy premium is paid
- You’ve already used a life insurance Simply Thank You voucher when you complete one of our other offers
- This offer isn’t open to new lending, term extensions or internal re-mortgages unless a rate switch is also present
- Taking out this offer won’t affect your eligibility for some of our other product offers
- The voucher offer is valid per policy, so if you’re a joint policy holder you’ll only be eligible for one voucher
- You can submit a rate switch application through the Barclays app (T&Cs apply. 18+), Online Banking, over the phone or in a branch
How the offer works
- Between months five and six of your policy starting, we’ll email you to tell you how to choose and receive your gifts from Simply Thank You
- We’ll share your name and email address with Simply Thank You so that you can receive this offer
- You must use your Simply Thank You voucher by 31 May 2024
- All items are subject to availability. If the item you choose isn’t available, Simply Thank You will get in touch to offer you something else of equal or greater value. They won’t offer cash as an alternative. If you need to claim for non-delivery, damaged goods, or warranties, you should contact Simply Thank You. We’re not the supplier and we’re not responsible or liable for any issues with any goods provided under this offer
- We won’t be liable for any delays in contacting you or failure to deliver orders because of circumstances beyond our control
- The voucher can be redeemed with Simply Thank You on a range of gifts including flowers, chocolates and days out
If you have any questions about your voucher, please contact Simply Thank You on 01325 355 165. Their opening hours are Monday to Friday, 9am to 5:30pm (excluding bank holidays).
General terms and conditions
These terms and conditions are separate to your main agreement between you and Barclays Bank UK PLC set out in your mortgage agreement. These terms and conditions apply for the use of the Barclays app. All terms and conditions apply to mortgage rate switching.
- We may withdraw, amend, or replace this offer at any time
- You are responsible for your own tax obligations. It’s your choice if you want to seek independent legal and tax advice. We’re not responsible for determining any tax liability you might have because you are receiving the £100 voucher, and we’re not able to advise you on this
Just so you know, when we refer to “we,” or “us” in these terms and conditions, we mean Barclays Bank UK PLC. When we refer to “you”, we mean you, the person who has a Barclays current account or mortgage account.
Life insurance is arranged by Barclays Bank UK PLC through Barclays Insurance Services Company Limited and provided and underwritten by Legal & General Assurance Society Limited, registered in England and Wales no: 166055. Registered office: One Coleman Street, London, EC2R 5AA. Legal & General Assurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Barclays Bank UK PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register No 759676) Barclays Insurance Services Company Limited is authorised and regulated by the Financial Conduct Authority (Financial Services Register No 312078) Registered Office for both: 1 Churchill Place, London E14 5HP England. The offer is administered and managed on behalf of the bank by Simply Thank You. Registered in England No: 4094597, Registered Office: Richmond Court, Morton Road, Darlington, County Durham, DL1 4PT