Barclays is one of the largest and most successful banks in the world, serving more than 48 million private customers and businesses worldwide. Along with its mainstream banking service, Barclays also offers a complete portfolio of commercial services for corporate borrowers and investors. Mortgage loans available from Barclays include first-time buyer mortgages, remortgage loans, mortgages for moving home and specialist buy-to-let mortgages. Applicants can choose from a range of fixed, flexible and tracker mortgages, using the bank’s online mortgage calculator to assess affordability. Barclays’ size and scope enables the bank to leverage its position and buying power for the benefit of its customers, resulting in competitive mortgage rates that closely follow Bank of England base rates.
Assessing Mortgage Affordability
Establishing your budget when considering a mortgage application means taking into account all borrowing costs. Major High Street lenders like Barclays are known for publishing competitive mortgage rates, but it’s still important to factor in any other fees and charges payable. Examples of which may include arrangement fees, early repayment fees and so on – charged by many major banks and lenders.
At UK Property Finance, we strongly advise speaking to an independent broker, prior to submitting a mortgage application. Independent broker support will provide you with the opportunity to scour the UK market in its entirety to find the best possible loans to suit your needs. Whether you’re buying your first home, relocating or investing in a buy-to-let property, we’ll conduct a whole-of-market comparison on your behalf.
Mortgages for Poor Credit Applicants
If you’re concerned as to your eligibility for a conventional mortgage loan, you may find that major banks like Barclays are unable to help. Subprime mortgages – aka bad credit mortgages – have all but disappeared from the UK High Street. Unless you meet the strict qualification criteria of lenders like Barclays, you may be counted out of the running.
However, there’s an extensive network of specialist lenders that may be able to help – most of which cannot be found on the UK High Street. We work with dozens of dynamic mortgage specialists across the UK, who consider all applications by way of individual merit. Even if you’ve been turned down for a mortgage by a major bank like Barclays, there’s a strong chance we can still help.
Use our online mortgage calculator to explore the available options, or contact the team at UK Property Finance for more information.