Barclays is a UK-based financial services group, with a large international presence in Europe, the USA, Africa and Asia. It is engaged primarily in banking, investment banking and investment management.
Barclays is the third largest bank in the United Kingdom
See Barclaycard
Barclays offer a range of mortgage products for first time buyers, home movers and for those seeking to remortgage. Barclays also offer an offset mortgage called Openplan which allows you to repay your mortgage sooner or reduce your monthly repayments. Although you'll no longer earn interest on these balances, you could potentially save thousands of pounds in interest.
All the usual services banks offer plus the popular Barclaycard and Internet banking facilities. Free Internet access. Can transfer funds between Barclays accounts and accounts with other banks. Services via WAP-enabled phones from Vodafone available for current accounts, credit cards and sharedealing.
Product: Secured Barclayloan.
The overall interest cost for comparison is 7.7% APR.
For example: Borrow £35,000, without Payment Protection, Monthly Repayment £257.56, 300 Monthly Repayments (25 years). The interest rate you receive will be based on your personal circumstances and the amount you choose to borrow.
The interest rate is variable. It is charged on the outstanding balance calculated daily from the date the loan is drawn until repaid in full, debited monthly in arrears
Payment is by monthly Direct Debit. First monthly repayment is due one month after the date the agreement is made
Loans are available over five to 25 years (60 to 300 months).
Loans are available from £20,000 to £100,000.
Business Direct or Branch based banking
With more specialists in more industries than any other UK bank, we can keep your money moving smoothly, whatever the size of your business. Whether it's your first time starting a business, or you're already trading, we can offer you specialist help.
The finance requirements for individual businesses vary widely, for example sole traders, farmers, property companies, multi-nationals and professional firms. That's why our finance solutions are not off-the-shelf products, but flexible responses to specific needs.
For sums above £25,000,
Up to 80% of the valuation or property purchase price, whichever is lower,
Capital release available for any business needs,
Any period up to 25 years,
Choice of monthly or quarterly repayments,
Choice of variable or fixed interest rates, with option to change during term,
Deferred repayment terms available,
Endowment and pension-linked repayment options,
Optional life, accident and sickness insurance to cover repayments.
Barclays is not endorsed by or associated with the Good Finance Guide. All trademarks remain the property of their respective companies.
Mortgage code compliance board
You and Your Mortgage
The Mortgage Code sets standards of good practice as to how mortgage lenders and intermediaries deal with their customers.
When sourcing your mortgage you should check that your lender or intermediary is registered under the Mortgage Code. More than 150 lenders and 13,000 intermediary firms, covering virtually the entire market, have registered under the Code. If a lender or intermediary fails to meet the standards of the Mortgage Code, and you suffer as a result, you have the right to seek redress under a compulsory complaints process.
You, as a potential mortgage customer, must be given a copy of the leaflet 'You and Your Mortgage' at your first discussion about a mortgage. The leaflet outlines the standards which mortgage lenders and intermediaries have to meet.
