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Compare Barclays Loans

Compare Barclays Loans

''We compete with the bank rates of Barclays. No matter what size loan or mortgage you're looking for, we have access to the very best rates regarding finance in the UK.''

  • Best Mortgage Rates in the UK
  • Fast and Simple Enquiry
  • Compare Barclays Loans
  • Property Development Finance
  • Best Remortgage Rates
  • FCA Regulated Finance
  • No Preliminary Credit Checks
  • Compare Barclays Mortgages








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  • Best Mortgage Rates in the UK
  • Fast and Simple Enquiry
  • Compare Barclays Loans
  • Property Development Finance
  • Best Remortgage Rates
  • FCA Regulated Finance
  • No Preliminary Credit Checks
  • Compare Barclays Mortgages

Bridging Loans from Barclays

Bridging loans are a kind of short-term loan. They're best thought of as a speedily arranged financing option which helps to solve a temporary cash-flow problem until you can find a more permanent funding solution. That is where the bridge concept comes in - money to help you get from one step to the next.

Rates of interest

Barclays bridging loans are only intended as a temporary product. They're used to 'bridge' a gap between an urgent financing problem and the main line of credit being available. They can be important in facilitating a property purchase that otherwise would not be possible. However, as you may be aware of with a stop-gap measure such as this, a bridging loan can be more costly compared to a regular loan from a bank. Barclays bridging loans can be used for many different funding purposes, which may be quite complex in nature. Whilst most banks have set guidelines when examining applications for loans, bridging loan providers have a more flexible approach.

The Appeal of the Bridging Loan

The uptake of bridging loans has grown in recent years, with the large banks and the likes of HSBC, Yorkshire Bank and Santander becoming slower and far more reluctant to lend on mortgages and sales becoming a more protracted process. With the introduction of the Mortgage Market Review rules some years ago, mortgage applications have begun to take longer than ever to be approved, whereas bridging loans can be approved in a matter of days with the funds being released just as quickly.

Bridging Loan Calculator Explained

Bridging finance calculators are quite similar to a mortgage calculator. However, as opposed to calculating month-to-month payment figures, bridging finance calculators supply information regarding the lenders' facility fee and the interest charged every month. It is important to keep in mind that the interest figure is the interest amount charged, and does not include any capital repayment. The interest charges on bridging finance can be arranged so that they are either added to the loan sum or paid when the loan is redeemed or paid every month. Contact us and we will find you the best deals. We are happy to provide quotes that detail the interest charged plus all other costs and we will automatically compare the most competitive bridging options from a broad spectrum of providers on your behalf.

Bridging Loan Calculator Explained

A bridging finance calculator is similar to a mortgage calculator, but instead of calculating monthly repayment figures a bridging loan calculator gives information about the monthly interest charged and the lenders' facility fee. It's essential you note that the interest figure is the interest amount charged only, which doesn't include any capital repayment. The interest charges on a Santander bridging loan can be set up so they're either paid monthly or added to the bridging loan amount and paid off when the loan is redeemed.

Get in touch with us and we'll help you find you the most competitive borrowing option.

We are always happy to offer quotes that detail the rates of interest charged plus all other costs associated with your bridging product.

Applying for Bridging Finance

Any limited company or individual or trust can make an application for a bridging loan online. Usually, the online application for bridging finance is usually easy to fill out with a fast turnaround. They can be used for just about any purpose, as long as the reason is acceptable to the provider and the debtor is above eighteen. A bridging loan requires a property (including commercial property, flats, residential, investment property and houses) or a similar asset as security. Ultimately, bridging loans are secured loans, which means that the bridging loan lender takes first or second charge over the property, land or asset being financed. If the debtor is a business, the loan provider may require further business guarantees.

Without the ownership of an asset, a bridging loan application will not be approved. The major concern for online bridging lenders is how and when the loan will be paid back. All lenders will want to be certain that if they lend money, it will be repaid as promised by the borrower. The security will be used to work out the LTV of a bridging loan, which works in a similar fashion to a mortgage provided by a high street bank. It shows the size of the loan in comparison with how much the property is valued at. Therefore this means that the overall loan needs to fit within the LTV.

Development Finance at Barclays

As one of Britain’s largest and most established lenders, Barclays offers an extensive range of development finance solutions. The vast majority are offered as secured loans, which require collateral in the form of qualifying residential or commercial property.

Interest rates and overall borrowing costs are calculated on a case-by-case basis, in accordance with the borrower’s requirements and financial status. Here at Donkey Finance, we compare interest rates and borrowing costs from dozens of specialist lenders to find the best development finance deals.

Development finance at Barclays is provided across three specialist lending areas as follows:

Residential Investments

Loans are available for investors looking to extend their property portfolios, with repayment periods of up to 25 years. Interest-only loans are also now available over a maximum term of 15 years, during which time interest rates can be fixed for a maximum of 10 years.

Commercial Investments

All commercial investment loan applications are handled by Barclays’ dedicated real estate team, which assesses eligibility and determines overall borrowing costs.

Residential Developments

Property development loans for residential development projects are also handled by the bank’s real estate team. Interest rates and borrowing costs are determined in accordance with the requirements and current financial situation of the applicant.

Development Finance Fees and Charges

While many major banks such as Barclays offer an extensive portfolio of development finance products, additional fees and charges are often on the high side. From application fees to administration fees to completion fees, you may find yourself paying significantly more than you expected.

That’s why we strongly recommend comparing the market in its entirety, before deciding which lender to go with. Here at Donkey Finance, we work with an extensive network of development finance specialists across the UK. We make it quick and easy to pinpoint the perfect loan for your requirements, with competitive rates of interest and minimal borrowing costs. Working with both mainstream lenders and independent specialists, we’re able to access exclusive deals and discounted rates you won’t find elsewhere.

Check out our full range of products and services online, or contact the team at Donkey Finance to discuss your requirements in more detail.

Barclays Mortgage Products

An online mortgage calculator offers a convenient means of finding out how big a mortgage you'll be able to apply for and how much it will cost you. These calculators can be used for all manner of mortgage products including Barclays buy to let mortgages and various home mortgages from a vast list of lenders.

You should always keep in mind that an online loan calculator is only designed to give you an approximation of your eligibility for a loan and the involved costs. Loan calculators can't guarantee you will be approved for a loan.

Buy to Let Mortgages from Barclays

To be able to take out a buy to let mortgage from Barclays, you have to meet certain criteria. You must be at least 21 years old and all joint applicants have to be 18 or older. Up to four people can apply together as long as you are not working as a part of a company. Each property can have up to £2 million borrowed against it with £3 million in total loans from Barclays and £4.5 million across total lenders. Borrowers can have up to six rental properties with mortgages through Barclays and ten total from all lenders.

Deciding How Much to Borrow

Using a buy to let mortgage calculator, you can decide how much you are going to be able to borrow when you are deciding on a new purchase. Bear in mind that the rent will need to cover not only the amount that you owe Barclays but also other expenses associated with being a landlord, including tax law changes, rising interest rates, and maintenance that needs to be performed.

Consider Remortgaging

If you have a buy to let property with another lender and are not happy with your terms or rates, then it is easy to move the mortgage to Barclays. Compare rates online to see if you will be enjoying a better deal.

Help-to-Buy Loans from Barclays

With Help to Buy Equity Loans, the government gives you up to 20% of how much your newly built home is valued at, so you only need to put down a 5% deposit before applying for a 75% mortgage. You will not be charged fees on the 20% provided by the government for the first 5 years of buying your house.

The Interest Rate You Will Be Charged

You will not pay any charges or interest on the loan for the first 5 years. In the 6th year, you will be charged 1.75%. After that, the fee rises by inflation based on the Retail Prices Index plus 1% each year. Retail Prices Index figures are created by the ONS (Office for National Statistics).

Commercial Mortgages from Barclays

Commercial mortgages are used to buy business premises or to buy an existing business. Typically, commercial mortgage providers need a down payment of 25% to 40% of the total value of the loan and mortgage terms can run from twelve months to forty years. A commercial mortgage is approved with your company’s ability to meet the payments as the primary concern.

You will find that commercial mortgage lenders will analyse your finances before deciding on what kind of interest rate they will offer you. Normally, they will look at your current financial position, past performance and long-term future strategies.

The interest you'll be quoted will ultimately be based on these factors and may be higher if the underwriter identifies higher risk in the proposal. You may also need to provide a detailed business plan which demonstrates that you can realistically make the repayments on time as agreed.  When applying for a commercial mortgage from Barclays, or any other high street provider, a professional valuation will also be required.

Commercial Loans from Barclays

A commercial loan is a short-term, although it may be renewable once it matures. A commercial loan is used to finance capital needs; that is, needs for operations and other aspects of a business.  These loans can be borrowed from a bank or a credit union. The assets of the business tend to be used as security for the loan. In order to be approved for a commercial loan, the business needs to be seen as a good credit risk.   A commercial loan officer is usually employed to scrutinize different tax and financial statements plus your business plan before approval is granted.

Barclays Auction Finance

Auction finance typically consists of short term finance or bridging loans that will allow the user to quickly and easily purchase property at an auction. Because these loans can generally be arranged very quickly, it is easy for the user to purchase property within the timescale of the auction house and prevents them from losing their desired property due to difficulty getting funding in the required time.

It is important for borrowers to make sure that they have already decided not only how much money they want to spend on a piece of property, but also what kind of property they want to buy. Because auction finance is often used by landlords looking to add more property to their portfolio, it is important to have a clear understanding of the type of property that is up for auction, as well as how it will be used once it is purchased.

Homeowner Loans from Barclays

Homeowner loans are debts that are secured against your property and, as such, these loans are only available to homeowners with the required equity. These products could also be called secured loans, although technically the latter could be secured against another asset, such as a car. It is likely you will need a good credit rating to get one of these loans.  It is common practice for a homeowner loan to be used by those wanting to borrow bigger sums than those seeking unsecured finance - perhaps between £5,000 and £250,000 - and for the loan to be taken out over a considerably longer period.

Career Development Loans from Barclays

These are bank loans to fund training that help with your profession or help you get a job. Career and professional development loans are typically offered at reduced rates of interest and the government pays this interest while you're studying.

To apply, you must be:

  • A UK citizen.
  • Aged 18 or over.
  • Plan to work in the EEA, EU or United Kingdom on completion of your studies.
  • Have been living in the UK for at least 3 years prior to the starting date.

Professional and Career Development Loans cannot be used for a first full-time degree however you are able to apply for a student loan.

Qualifying courses must:

  • Last up to two years, or three years if the course includes a year of work experience
  • Be provided by an organisation on the Professional Career and Development Loan Register
  • Help with your job

Interest and Repayments

Professional and Career Development Loans are bank loans that must be paid back.

You start repaying the loan a month after your course has been completed. The government pays all or most of the interest whilst are studying and then for a full month after you have finished your chosen course.  It is then your responsibility to repay the debt.

How to Apply

While many of the financial products and services provided by Barclays can be applied for online, others require in-person meetings or telephone consultations. In any case, we can help you pinpoint and apply for the perfect product for your needs. Give a member of our customer support team a call today, or send us an email with an outline of your loan requirements.

About Barclays

Overview

Formerly Sovereign Bank, Santander Bank is a wholly owned subsidiary of Spanish Santander Group. Established in Spain though today headquartered in Boston USA, Santander continues to show growing commitment to technological innovation and product flexibility.

Santander is also the international banking group with the largest branch network, with an impressive 14,680 branches worldwide.

Financial Services

  • Checking accounts
  • Money market savings
  • Savings
  • Certificates of deposit
  • Santander Select
  • Lines of credit
  • Loans
  • Mortgages
  • Investment Services
  • Credit cards

How To Apply

While many of the financial products and services provided by Santander can be applied for online, others require in-person meetings or telephone consultations.

In any case, we can help you pinpoint and apply for the perfect product for your needs.

Apply Now

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