With a history dating back more than 325 years, Barclays has the kind of pedigree that speaks for itself. Credited with introducing the world to its very first ATM, Barclays is known as a champion of innovation and proactive financial services for private and business customers alike.
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:
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.
All commercial investment loan applications are handled by Barclays’ dedicated real estate team, which assesses eligibility and determines overall borrowing costs.
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.
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.
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