Barclays Homeowner Loan
Barclays Homeowner Loan
About Barclays
Barclays was founded in 1690 in London, but the name Barclays only became associated with the bank in 1736, when James Barclay, the son-in-law of one of the original founders, became a partner in the business. Today, Barclays has branches across the world and offers a wide range of mortgages in partnership with Woolwich.
To compare Barclays with the UK homeowner loan market we have partnered with Fluent Money the UK's largest homeowner loan broker to ensure you get the best deal for your circumstances.
Click here for the best UK homeowner loan deals from £3,000.
Barclays Homeowner Loan
A Barclays Homeowner loan can be used for just about any purpose as long as it’s covered by the lenders terms. Barclay’s larger loans are commonly used for larger purposes; such as the purchasing of a new car, funding home improvements, consolidating outstanding debt, and lowering outgoings by spreading borrowing over a longer term.
Homeowner loans have second priority behind your main (or first charge) mortgage. They use the borrower’s home as security, so essentially you will have two mortgages on your home.
A Barclays Homeowner loan might be for you if:
- You own your own home
- You’re looking to borrow up to £250,000
- You’re looking to extend the term of your loan.
Am I eligible for a Barclays Homeowner loan
- You must be 18 or older.
- You must be a UK homeowner with the permanent right to reside in the UK.
- You must have a household income of at least £8,000 a year.
Before taking out a Barclays Homeowner loan
As a Barclay’s Homeowner loan is secured against your home, failure to keep up with repayments could result in the repossession of your property. We recommend that you weigh up all of your options before committing to a Barclays Homeowner loan, and contact a mortgage broker who can give expert advice on whether a Homeowner loan is affordable and suitable for you on the basis of your personal circumstances.
Click here for the best UK homeowner loan deals from £3,000.