Barclays Mortgage Calculator
Compare Barclays Mortgage Rates
Whether you are looking to buy your first home or to remortgage a property, the first thing you probably want to know about any kind of mortgage is how much you can borrow and what your monthly payments are going to be.
If you have been thinking of taking out a mortgage from Barclays through their Woolwich brand, you could use the Barclays Mortgage Calculator to get an estimate on how much you may be able to borrow and what your repayments would be.
It is important to remember that although using a mortgage calculator can help you find out about the different types of mortgage repayment rates, and the maximum a lender would be willing to loan you based on your earnings, other factors such as your credit history may affect how much you can actually borrow.
The Barclays Mortgage Calculator can give you estimates for
- Fixed rate mortgages
- Tracker mortgages
- Help to buy mortgage
- Offset mortgages
- Remortgages – you could get a better rate by switching your mortgage to a new deal or a new provider
Our Mortgage Service - helping you make the right decision
Special features of what we offer include:
- Whole of market service - we can compare Barclays with most UK lenders
- Access to leading market mortgage rates - not just from Barclays Bank
- Access to exclusive loan deals not available on the high street
- Fast turnaround - speak to us today if you need to move quickly
- We have lenders who will take into account previous defaults and missed payments
- Looking to raise additional finance on top of your existing mortgage or buy to let mortgage? - we have access to a range of finance solutions
To investigate your mortgage options including Barclays call our mortgage team or fill in our call back form.
Why choose us?
Mortgages like most financial products, such as credit cards or current accounts, can vary greatly between lenders and plans. For this reason, it is wise to research all of the different options before you lock yourself into a plan. After all once you do commit to one you are most likely going to need to make repayments for a number of years.
You can use the mortgage calculator on this website to search a range of different mortgages from various providers to see if you can find the best deal for you.
When comparing different mortgages important information to remember includes any arrangement fees or charges and other costs. If the mortgage with the highest APR has high set up fees, it could actually cost you more than one with a worse interest rate but much lower arrangement fees.
Different types of mortgage repayments
Fixed rate – With a Fixed rate mortgage your interest payments are the same throughout the course of the deal, so you know how much you will be paying throughout it.
Tracker – Tracker mortgages are linked to the Bank of England’s base interest rate. This means that if the Bank of England either raises or lowers its base rate, the interest you pay on your mortgage will also change to reflect this.
Discount – Discount mortgages are similar to trackers. However,instead of your interest rate being reflective of the Bank of England's base rate, it is affected by your lender’s specific Standard Variable Rate(SVR). The SVR is the rate many mortgages revert to once you move out of your introductory deal.
Offset – This type of mortgage works by tying your savings to your mortgage. This usually means that instead of earning interest on your savings it is used to offset your mortgage interest repayments.
Generally speaking interest rates are calculated on the Loan to Value (LTV) of the mortgage, with people who can afford to put down deposits of 60% or more getting the best rates.
If you need independent mortgage advice on whether Barclays mortgages are right for you, call our mortgage team or complete our callback request form.