Barclays
BankBarclays is one of the oldest and largest universal banks in the UK, offering a comprehensive range of residential, buy-to-let, and commercial mortgages. With over 330 years of heritage, Barclays combines deep financial expertise with modern digital services to serve homebuyers across the country.
Visit Website
About Barclays
Barclays traces its roots to 1690 when goldsmith bankers John Freame and Thomas Gould began trading in Lombard Street, London. The bank grew through mergers and acquisitions over the centuries, becoming one of the UK's largest financial institutions. Today Barclays operates as a universal bank with significant retail, corporate, and investment banking divisions.
Barclays has been a major mortgage lender in the UK for decades, offering products through branches, telephone, and digital channels. The bank is known for its Family Springboard mortgage, which allows family members to use savings as security to help first-time buyers onto the property ladder without gifting a deposit. Barclays also offers competitive rates for high-value borrowers, with loans of up to £10 million available.
The bank maintains a strong presence in the intermediary market, working with mortgage brokers across the country. Barclays has invested heavily in digital mortgage applications and management tools, allowing borrowers to track applications and make overpayments online.
Lending Focus
Barclays offers mortgage products across 3 categories including Residential, Buy-to-Let, Commercial.
Key Features
- Cashback offers on selected mortgage products
- Family Springboard mortgage allowing parents to help without gifting a deposit
- Dedicated support for large-loan and premier banking customers
- Green Home Mortgage with preferential rates for energy-efficient properties
- Mortgage overpayment facility of up to 10% per year without early repayment charges
Pros & Cons
Pros
- Very high maximum loan amount of up to £10 million for high-value properties
- Wide product range including residential, buy-to-let, and commercial mortgages
- Family Springboard mortgage is a unique offering for first-time buyers
- Strong digital banking and mortgage management tools
Cons
- –Arrangement fees can be higher than building society competitors
- –No shared ownership or Help to Buy products available
- –Branch network has been significantly reduced in recent years
Fees & Charges
- Arrangement Fee
- £999 or fee-free options available
- Valuation Fee
- Free on most products; otherwise £300–£1,500 depending on property value
- Early Repayment Charge
- 1–5% of the outstanding balance during the fixed or tracker period
- Overpayment Allowance
- Up to 10% per year without charge
Mortgage Rates
Rate data coming soon. View rates on Barclays
| Product | Initial Rate | Type | Initial Term | Revert Rate |
|---|---|---|---|---|
| 2 Year Fixed | TBC | Fixed | 24 months | TBC |
| 5 Year Fixed | TBC | Fixed | 60 months | TBC |
| Tracker | TBC | Variable | 24 months | TBC |
Application Process
- Processing Time
- 2–4 weeks from application to offer
- Online DIP
- Yes — available online
- Offer Valid For
- 6 months
Lending Criteria
- Maximum LTV
- 95%
- Max Loan Amount
- £10m
- Min Loan Amount
- £25k
- Rate Types
- fixed, tracker, offset
Frequently Asked Questions
What is the Barclays Family Springboard mortgage?
Does Barclays offer mortgages for self-employed borrowers?
What is the maximum mortgage term with Barclays?
Does Barclays accept gifted deposits?
How to Apply
Direct & broker access. Apply directly or via a broker for whole-of-market access. Find a broker
Similar Lenders
View all lenders
Related Articles
Practical guides and explainers from our blog — relevant to this mortgage type.
Important: Your home may be repossessed if you do not keep up repayments on your mortgage. Information on this page is for general guidance only and does not constitute financial advice. Always verify lender details directly and seek independent advice before making financial decisions.