Company Overview
Barclays is one of the UK's oldest and largest banks, with a history dating back to 1690. As a major mortgage lender, Barclays offers a wide range of mortgage products and innovative digital banking services, serving over 24 million customers across personal, private, and business banking.
Key Highlights
- Founded in 1690, one of the world's oldest banks
- Serves over 24 million customers globally with strong UK presence
- Top 5 UK mortgage lender with comprehensive product range
- Leading provider of offset mortgages and specialist products
- Strong focus on digital innovation and fintech solutions
Innovation Heritage
Barclays has a long history of financial innovation, from introducing the world's first ATM in 1967 to pioneering modern digital banking solutions and specialist mortgage products like offset mortgages.
Mortgage Products
Residential Mortgages
- Fixed-rate mortgages (2, 3, 5, and 10-year terms)
- Tracker mortgages following Bank of England base rate
- Offset mortgages linking savings to mortgage balance
- First-time buyer mortgages with low deposit options
- Help to Buy equity loan mortgages
- Green mortgages for energy-efficient properties
- Remortgage products with competitive rates
Specialist Products
- Professional mortgages for high earners
- International mortgages for overseas clients
- Buy-to-let mortgages for property investors
- Commercial property finance
- Self-build mortgages
Offset Mortgages
Leading provider of offset mortgage products
Professional
Specialized products for high earners and professionals
International
Expertise in international and overseas mortgages
Digital Innovation
Cutting-edge digital banking and mortgage services
Key Features & Benefits
Unique Selling Points
- Market-leading offset mortgage products and expertise
- Comprehensive range of specialist mortgage solutions
- Strong international banking capabilities
- Innovative digital banking platform and services
- Professional and high-value property expertise
- Extensive branch network and relationship banking
Offset Mortgage Benefits
- Link savings and current accounts to reduce mortgage interest
- Flexible access to savings while reducing mortgage costs
- Potential tax benefits for higher-rate taxpayers
- Family offset options for multi-generational planning
- Professional advice and portfolio management
Advantages
- Leading offset mortgage provider
- Comprehensive specialist products
- Strong international capabilities
- Innovative digital banking services
- Professional and high-value expertise
- Established brand with long history
Considerations
- Premium pricing on some products
- Complex product structures may not suit all
- Higher minimum lending amounts for specialists
- Arrangement fees on most products
- Strict lending criteria for specialist products
Lending Criteria
Eligibility Requirements
- Age: 18-70 years at application, maximum age 70 at end of term
- Income: Minimum £25,000 per annum for residential mortgages
- Employment: Employed, self-employed, or high-net-worth individuals
- Residency: UK residents with at least 3 years UK address history
- Deposit: Minimum 10% for residential, 25% for buy-to-let
Assessment Criteria
- Maximum loan-to-income ratio varies by product (typically 4.5x)
- Comprehensive affordability assessment including all expenditure
- Credit score and history evaluation with bureau checks
- Stress testing at current rate plus 3% buffer
- Property valuation and location risk assessment
- Detailed financial profile for specialist products