Barclays mortgages rates, calculator & review

Lender profile

• Barclays is one of the “big five” British banks and among the most commonly-used mortgage lenders.
• The bank offers one of the most diverse ranges of mortgages, including several aimed at first-time buyers or those looking to borrow into retirement.

What types of mortgages can I get with Barclays?

• Fixed rate A fixed-rate mortgage provides certainty as your interest rate will remain locked for a set amount of time.
• Remortgages You can switch your existing mortgage to Barclays via one of its remortgage products.
• Tracker With a tracker mortgage, your interest rate fluctuates based on the Bank of England base rate.
• Offset With an offset mortgage, you can use the money in your savings account to offset your mortgage interest.
• Buy-to-let You’ll need a buy-to-let mortgage if you’re looking to borrow money for a second property to let out.
• Shared ownership With shared ownership, you can purchase a percentage of the property, while paying rent on the rest. You can apply to purchase additional percentages of the property as and when you can afford it.

We've teamed up with L&C Mortgages to help you compare live rates from over 80 lenders.

How to apply

You can apply for a Barclays mortgage via the Barclays website, in one of its branches, or by calling 0333 202 7573 to book an appointment with one of its mortgage advisers.

What information is needed to apply?

You’ll need to provide: photo ID, proof of current address, building insurance policy (if remortgaging from another lender), bank account details (from which you’ll make mortgage payments from), proof of income, details of any current debts, details of any current life/critical illness/home insurance policies, details of any other mortgages, details of the property you want to buy, plus details of the solicitor and estate agent.

Eligibility criteria

The minimum age for taking out a Barclays mortgage is 18, or 21 for buy-to-let mortgages. You’ll need to be younger than 70 before the mortgage term ends (or provide proof that you’ll be able to repay your mortgage if it extends into your retirement).

If you’re employed, you’ll need to have been in continuous employment for the last 3 months – not necessarily with the same employer, but there must be no gaps.

Barclays mortgages customer reviews

Barclays was ranked mid-table in Finder’s latest customer satisfaction survey, where 90% of Barclays mortgage customers said they would recommend the brand to a friend.

One Barclays mortgage customer in our survey said: “The advisor was excellent and ensured we were getting the best deal.”

Another commented: “Easy to deal with, professional and reliable. Respond quickly and efficiently.”

Frequently asked questions

• Can I make overpayments?

  Yes, you can. To make a single overpayment, log in to online banking or the mobile app and choose ‘single overpayment’. If you want to make regular overpayments, you can set up a direct debit by logging in to online banking and selecting ‘regular overpayment’. You can also set up a standing order using your sort code and mortgage account number, which can be found in online banking.

• Can I get an agreement in principle from Barclays? If so, will it affect my credit score?

  Yes, you can get an agreement in principle (AIP) from Barclays. This can be done online, by phone or in a branch and only requires you to provide a few details about yourself. Unlike many other mortgage providers, getting an AIP with Barclays won’t have any bearing on your credit score. This is because Barclays only looks at your credit file to confirm what you’ve said in your application.

• Can I get a joint mortgage with Barclays?

  Yes, you can. To apply, go online and use one of Barclays’ calculators to see how much you could borrow. You can then get an agreement in principle (AIP) in place before having a mortgage appointment.

• How much can I borrow from Barclays?

  If you’re wanting to borrow more than 85% of a property’s value, then the most you can borrow for a house is £400,000. For a flat, this figure is £300,000. The amount you can borrow is determined by your ability to repay the mortgage, your income, your debt to income ratio and the maximum loan to value (LTV) of your mortgage.

• How can I contact Barclays?

  If you’re a new or existing mortgage customer, you can call Barclays on 0333 202 7580 from 7am to 8pm any day of the week (apart from bank holidays). Another way to contact Barclays is via its online chat at barclays.co.uk.

Written by

Matthew Boyle

Publisher

Matthew Boyle is a banking and mortgages publisher at Finder. He has a 7-year history of publishing helpful guides to assist consumers in making better decisions. In his spare time, you will find him walking in the Norfolk countryside admiring the local wildlife. See full bio

Matthew's expertise

Matthew has written 285 Finder guides across topics including:

• Helping first-time buyers apply for a mortgage
• Comparing bank accounts and highlighting useful features
• Publishing easy-to-understand guides