Barclays Bank
In the UK it is the second largest bank. The bank always used to be based in Lombard Street but it moved location to new offices in Canary Wharf in May 2005 to one churchill place, alongside various other financial institutions such as HSBC and Citibank that also have a large presence there.
The origins of the bank go all the way back to the 1690 and the name Barclays crops up in 1736 when James Barclays became a partner in the business.
In the mortgage lending market, Barclays has a large range of different products. There are also a range of Woolwich mortgages which are part of the same parent company.
They were one of the first providers of offset mortgages under the name Openplan at the time that allowed customers to offset their savings and other resources against their mortgage interest, therefore rather than receiving interest on a separate interest bearing savings account customers could choose to offset that interest against the mortgage which financially can be much better for a customer as it helps reduce the mortgage term and therefore the total cost of the loan that needs to be repaid to the bank.
There are various calculators on the mortgage sectoin of their site that help to tell you how much you could borrow, together with lots of information on their brochureware site for those who are buying a new home, their first home, switching their mortgage and more.
Mortgage types offered by Barclays Bank include:
Buy to let mortgages
Fixed rate mortgages
Tracker mortgages
Offset mortgages
First-time buyer mortgages
They also have a mortgage information centre that enables you to find out more about the various products.
There is also a jargon buster that tells you what the various terms mean, useful for those who get confused by all the financial terms used when it comes to getting a mortgage.
Visit the Barclays website
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