Barclays Bank – UK Mortgage Lender
The original forerunner of Barclays Bank was founded in 1690 in Lombard Street, London and expanded during the eighteenth and nineteenth centuries. In 1896, twenty private banks came together to form a joint-stock bank under the name of Barclay & Co. Further mergers took place during the twentieth century, which resulted in Barclays becoming one of the UK’s major clearing banks and also developing many overseas interests. In 2000, Barclays took over the former Woolwich Building Society to strengthen its position in the UK mortgage market.
Barclays has 2,014 branches in the UK.
Barclays offers Woolwich branded mortgages:
Fixed Rate Mortgages: 2 year, 5 year and 10 year fixed rate mortgages.
Tracker Mortgages: lifetime tracker and 2 year discounted tracker and offset tracker mortgages.
First Time Buyer Mortgages: 3 year fixed rate mortgage with cashback.
Buy To Let Mortgages: a range of mortgages available for the purchase of rental property. Loans from £35,000 to £2.5 million are available for up to 85 percent loan to value, subject to status.
Euro Mortgages: fixed rate and variable rate repayment and interest only Euro mortgages are available to purchase property in France, Italy, Spain and Portugal.
With Barclays making more than 400 appearances in the 2006 best buy mortgage tables, it is fast becoming recognised as one of the largest mortgage providers with a wealth of options to suit just about any type of borrower. Barclays is also a large high street bank and offers current accounts, insurances and savings, allowing borrowers to create a tailor made and complete financing package.