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Types of Barclays mortgage

Barclays have been lending money for over 300 years and are among the best in the business. The following is some advice on the different types of Barclays mortgage.

Fixed Rate Mortgages

With a Barclays fixed rate mortgage monthly repayments are set for a specific period whether interest rates rise or fall. They offer competitive fixed mortgage rates over a number of periods. They also allow you to borrow up to 85% if you are buying a new home.

Offset Mortgages

Offset mortgages are a flexible option that allow you to make extra repayments and withdrawals. They also give you the option of paying off your mortgage before the term ends and in this can reduce the amount of interest you pay. You can use the offset to lower your monthly repayments or reduce your mortgage term.

Tracker Mortgages

Tracker mortgages have rates that move in line with the Barclays Bank Base Rate. This means that the rate will either rise or fall depending on the BBBR. With these loans you can borrow up to 75% of the value of your home.

Buy to Let Mortgages

Buy to Let mortgages are specifically designed for those who are buying an investment property. These mortgages are available with either tracker or fixed rates. You are able to borrow £35,000 to £1 million on an individual property.

First Time Buyer Mortgages

Barclays offer first time buyers a choice of fixed rate, tracker and offset mortgages. There are also a range of mortgages to suit all deposit amounts

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