Barclays offers a range of fixed and variable rate mortgages online and through its high-street branches, with rates from 5.07%.
Usually has competitive rates and customers cite the "organised" service
Does not always rate highly for complaint handling
Barclays is a British multinational banking and financial services company headquartered in London. It is a universal bank with operations in retail, wholesale and investment banking, as well as wealth management, mortgage lending and credit cards. The company has around 22 million retail customers and almost one million business banking clients in the UK. Our calculator is designed to give you an estimate of potential costs – for more exact, personalised figures you can request a mortgage agreement in principle from Barclays.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
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Overall representative example If you borrow £178,000 over a 25-year term at 5.87% p.a. (fixed) for 60 months reverting to 8.00% p.a. (variable) for the remaining term, you would make 60 monthly payments of £1132.75 and 240 monthly payments of £1336.45. The total payable would be £390,092.00, which includes the interest of £210,713, valuation fees of £0 and a product fee of £999. The overall cost for comparison is 7.4% APRC representative.
Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
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.
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 our highly commended company in our annual mortgages customer satisfaction survey, scoring 4.5 out of 5 stars, and with 95% of its mortgage customers saying that they would recommend the service. Survey respondents felt that the Barclays mortgage advisors were helpful as well as knowledgeable about the products on offer.
Here is some of the feedback we got from Barclays mortgage customers:
“Excellent quality advice, recommendations, knowledge and expertise.” “It’s good value for money and good service.” “It was very easy to get a mortgage with Barclays.” “It is easy to manage my account online and they have great rates for existing mortgage clients.” “Great quality brand with great quality products.”
Frequently asked questions
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.
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.
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.
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.
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.
Mortgage ratings
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
Our customer satisfaction scores ("Customers say") are based on a survey of 1,588 customers carried out in December 2022.
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.
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.
New research shows yearly returns on the average buy-to-let property in the UK are over £4000 lower than they were in 2022
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Usually has competitive rates and customers cite the "organised" service
Does not always rate highly for complaint handling