Product Transfer with Barclays

Bm1937

Hi there

Just looking for some answers please.

we are currently with Barclays coming to end of our 5 year fixed. We are wanting to do a product transfer and Barclays sent us this in the app. However we already had booked a phone call with our mortgage advisor as this was free. They are going ahead with the product transfer we asked for. 

As far as we are aware there are no affordability checks, credit checks? However the mortgage advisor asked us for this? So we were confused. We currently have no debt but recently cleared this off. 

We are not looking to extend the mortgage, add anything else on. Please could you tell me if Barclays do checks for this or is a simple switch like you would do with utility bills? 

la531983

I did mine a few weeks ago, no credit check no nothing if not changing lending terms. You dont have to deal with an advisor at all, if you dont want that chat cancel it,

ACG

There are no affordability or credit checks when doing a product transfer. 
However, some brokers may need some bits of paperwork from a compliance point of view - nothing more. 

We tend to get away without any documents but a couple of quick questions just to ensure we are not tying you in to a new deal you cant afford. But it is down to each firm to decide what they need.