Mortgages from Barclays
Get rid of your mortgage butterflies and let OneDome help you find a mortgage that works best for you, including those from Barclays.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Mortgages from Barclays
Get rid of your mortgage butterflies and let OneDome help you find a mortgage that works best for you, including those from Barclays.
Barclays mortgages
Barclays represents one of the UK’s most popular mortgage lenders, covering nearly 10% of all mortgage lending. This means they’re dealing with figures well into the billions, not millions.
They began in 1896, though a deep dive into their history shows Barclays have links all way back to 1690, where they functioned as a goldsmith banking business in the City of London.
How to improve your credit score
Considering applying for a Barclays mortgage? Having a healthy credit score will help with your application, but the ways of keeping a healthy credit score aren’t always properly understood. A credit score is an overall summary of your time accessing credit and how responsible you are with it. We want to help you get a better understanding of what you can do to improve your credit score with a few essential tips below.
- Make payments on time – failing to make payments or accidentally making a late payment usually have a negative effect on your credit score. Such missed payments could leave marks on your credit report for as long as 7 years! With this in mind, it is essential to make repayments on time as often as you can. Doing so will highlight to Barclays that you’re an ideal candidate for a mortgage that works for you.
- Keep your balance low – if you have a high balance across multiple credit cards, Barclays could see you as a high-risk person with a greater change of defaulting on your mortgage payments, monthly or otherwise. Be sure to manage your debts with care and keep you overall balance low in comparison to credit limit.
- Combine types of credit – when taking out multiple types of credit, try not to spread them out across more than two cards. Banks generally view people with credit spread across one or two cards maximum as more reliable. Keep multiple types of credit confined to one or two cards and you’ll be on your way to a much healthier credit score!
Take note of your credit history as well. This isn’t solely a measure of your time spent accessing credit, it is also a measure of payment trends. These include the amount of times you’ve missed a payment or payments, as well as how often you’ve tried to apply for new credit. Keep to the advice above and your credit score will be healthier, meaning a more positive credit history and a higher chance you get the mortgage you want! To check your credit score, websites such as Experian offer the service at no additional cost.
How much can I get with a Barclays mortgage?
Barclays rank among the UK’s highest mortgage lenders, with successful applicants being able to get up to five and a half times their annual income (before tax). Naturally, this depends on personal circumstances, which you need to take into account before beginning the mortgage application.
Barclays mortgage rates
Mortgage rates are always changing and we try to keep these rates as accurate and up-to-date as possible. Subsequently, you should still check with the lender or your mortgage advisor to ensure you’re getting the latest Barclays mortgage rates. The following deals are based on getting a mortgage of £181,600 on a £227,000 property (80% LTV) over a 25 year term:
How can I get a Barclays mortgage?
To get started applying for a mortgage, you could always consider using OneDome’s Mortgage Passport. It is a tool designed to help you get an accurate quote of how much you could afford to borrow. As well as this, Mortgage Passport helps pre-qualify you for a Mortgage in Principle, which you can use to stand out from other buyers.
Mortgage advice
For the best chance at getting a mortgage that suits your needs, you should speak to a mortgage advisor. OneDome’s own mortgage advisors are all experienced in everything to do with mortgages and they can help you pick a mortgage that fits your unique circumstances.
Get in touch with them today on 0203 8686 262 between 09:00 and 17:00.
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