Compare Mortgage Rates from Barclays starting at 3.99%

Compare Barclays mortgage rates online

The UK's fifth largest lender, Barclays is a household name when it comes to mortgage providers and has been operating for more than 300 years.

You can compare the latest rates from this mortgage lender against more than 90 others by using our free mortgage sourcing tool below:

What type of mortgages are available from them?

Barclays offers a range of personal and business finance products. Their UK mortgage range includes products tailored to the following demographics:

• First-time buyers
• Homemovers
• Remortaging homeowners
• Buy-to-let landlords

Their product line features a range of fixed-rate mortgages with 2, 5 and 10-year introductory rates periods as well as tracker/offset tracker mortgages with 2-year and 5-year lock-in options. The bank offers exclusive products for existing customers who are switching to a new deal, applying to borrow more or moving home.

Residential mortgage lending criteria

The lending criteria for a Barclays mortgage for residential purposes is as follows:

• Term length: Mortgage terms of between 5 years and 40 years are available
• LTV: Barclays' original LTV cap was 90%, but 95% LTV deals are now available through the Mortgage Guarantee Scheme
• Income: Will accept 100% of a gross basic salary for those in full-time employment, plus supplemental income (caps may apply depending on its source). Self-employed borrowers will need to provide two years' accounts and declarable income will be based on average earnings
• Age: Barclays has no upper age cap on their mortgages but will subject borrowers to extra underwriter scrutiny if they will be aged over 70 during the mortgage term
• Credit history: Barclays will accept borrowers with certain types of adverse credit on their files, usually with conditions attached (see below for more information)

What mortgage rates to expect

Barclays mortgage rates are generally competitve with other high street mortgage lenders, and often lower than specialist mortgage providers'.

The exact rate you end up with will depend on the amout of deposit you have, the overall strength of your application and the type of product you choose.

How do Barclays calculate mortgage affordability?

Barclays caps its mortgage lending at either 5 times annual salary or 5.5 times annual salary. To borrow based in the higher income multiple, at least one applicant needs an annual income of £75k or the two highest earning applicants need at least £100k combined.

The banking firm has affordability calculators on its website that you can use for an estimate of your maximum borrowing, but a mortgage broker can give you a clearer picture of this by providing bespoke calculations and explaining how your borrowing capacity vary from one lender to another.

You can get a general idea of your maximum borrowing by entering your income into our calculator below:

Do Barclays offer bad credit mortgages?

Yes, under the right circumstances, Barclays will offer mortgages for borrowers with certain types of bad credit, often with caveats attached. Serious credit issues such as bankruptcies and IVAs need to have been satisfied for at least six years before they will consider mortgage approval, but less severe problems like defaults might be accepted in factored in when credit scoring is taking place. Barclays will be keen to know the circumstances surrounding any adverse on your credit files, including how long the issue has been on your credit reports.

If a bad credit mortgage lender is what you need, see our bad credit mortgage providers page for more information.

Buy-to-let mortgage criteria

The criteria to get a buy-to-let mortgage with Barclays is summarised below:

• Age: Applicants must be aged 21 or over to apply for a joint buy-to-let mortgage. Other applicants can be 18 or over
• Income: Minimum income of £25,000 is needed to borrow up to £1 million or £75,000 to borrow over £1 million (£100,000 combined gross annual income acceptable if it is a joint application)
• Landlord experience: Not necessary. Applicants can apply be considered for buy-to-let mortgage even if they don't have a residential mortgage
• Portfolio limits: Portfolio landlords can hold up to six properties with Barclays and 10 across other lenders, including them
• Maximum borrowing: Landlords can borrow up to £2 million for a single property, £3 million across a portfolio or £4.5 million across a portfolio that spans other lenders

Barclays offer exclusive rates and deals for landlords who switch an existing buy-to-let mortgage to them, and those who are purchasing a 'green' or eco-friendly rental property.

Other mortgage options

As well as offering standard residential and investment mortgages, Barclays offers a range of other mortgage options, including specialist products and schemes. They include:

• Family Springboard mortgages: Allow borrowers who have financial support from a friend or family member to purchase a home with no deposit. The friend/family member is required to place 10% of the property's value into a special savings account with Barclays to serve as security.
• Green mortgages: Barclays offer exclusvies rates and incentives for borrowers who are buying an energy-efficient home, either to live in our rent out
• International mortgages: There are options for customers seeking to buy a UK property from various countries around the world
• Offset mortgages: These products allow Barclays customers to link a savings account to their mortgage to reduce their monthly payment or finish paying off their mortgage early
• Interest-only mortgages: Available as an alternative to capital repayment mortgages. Borrowers only need to repay the interest on their mortgage each month and settled the debt at the end of the term. A repayment vehicle needs to be evidence in advance and Barclays does not accept the sale of the property for this
• Commercial mortgages:  Barclays commercial mortgages include options for borrowers who are buying property, raising investment finance, developing property, refurbishing owner-occupied business premises, or buying motor vehicles, machinery and other equipment

Woolwich customers

The Woolwich was one of the UK's largest building societies and was acquired by Barclays for £5.4 billion. 

Barclays kept the "Woolwich" brand alive as its specialist mortgage arm. For many years, even if you applied at a Barclays branch, your mortgage paperwork would say "Woolwich."

From 2015 onwards, Barclays retired the Woolwich brand entirely. All new mortgages are now branded simply as Barclays Mortgages.

Existing customers

If you still have a mortgage that was originally taken out under the Woolwich brand (or your title deeds show "The Woolwich"), here is your current status:

• Management: Your account is fully integrated into Barclays systems. You can view your mortgage balance via the Barclays Mobile Banking App or Online Banking (if you register).

• Rate Switching: You are treated as a standard Barclays customer. When your fixed rate ends, you can switch to a new Barclays rate (product transfer) online or by phone.

• Offset Mortgages: The Woolwich was famous for its "Open Plan" Offset Mortgage.

  • Good News: Barclays continues to support these legacy offset accounts. You can usually keep your offset facility if you switch rates internally.

  • Caution: If you remortgage to a different lender, you will lose this specific offset structure, which was market-leading at the time.

Does Barclays mortgage services have good reviews?

Barclays currently holds a user score of 1.4/5 stars on review platform TrustPilot, while an assessment by Which? gave its mortgage division a score of 65% overall, ranking them 12th out of 22 other UK mortgage lenders. NerdWallet, meanwhile, praised the lender for offering a wider product range and more flexibility on term lengths than some of its competitors, but claimed that they fall short in other areas, such as the lack of an online-only application process.

Pros and cons

The table below highlights some of the advantages and disadvantages of Barclays mortgages to help you decide whether they are the right lender for you:

Get independent advice about Barclays mortgages

The most important thing to take on board here is that you need to compare Barclays' mortgage range with that of other lenders across the market. Limiting yourself to just one lender could mean missing out on more suitable deals elsewhere.

There are brokers on our team who have a working relationship with Barclays. They know their product range well and can compare them with every competitor across the market on your behalf to help you decide whether they are the perfect fit for you.

Here are just some of the reasons you should use us for your mortgage comparison needs:

• Our mortgage brokers are whole-of-market
• They often have access to exclusive rates and deals
• We are 5-star rated on leading review websites
• Your first consultation is FREE

Ready to see how Barclays' latest rates compare to deals from across the and speak to one of our brokers about their products? Get started here.