Barclays bridging loans
How to get a bridging loan from Barclays bank
Barclays bridging loans provide clients with open and closed bridging loans for a range of uses. Mainly for property purchases, development loans and auction finance. Barclays offer higher than average interest rates in comparison to other high street banks for bridge loans. Other lenders and are often difficult to apply for, especially residential bridging loans.
Here you will find out some information on Barclays bridging loans and how we can help you secure your bridging finance. Barclays Bank usually offers good rates and services when looking at their bridging finance products however by using a master broker you may be able to access better lenders.
Mainstream banks such as Barclays have a niche range of products available for bridging loans. They can be used for development finance, auction finance and much more. The main use is usually to bridge the gap between purchasing a property when you have to sell an existing property.
As always it is advised to think carefully before securing debts against your home and ensure that any lender that you apply with is registered by the Financial Conduct Authority (FCA).
Think carefully if you can keep up repayments on your mortgage otherwise your property could be repossessed whether you have a Barclays bridging loan or from any other short-term bridge lender in the UK.
Disadvantages Of Barclays Bridging Loans
When looking at bridge loans you must be aware that there are many lenders that can assist with your loan. By using Barclays for your bridging loan, you will most likely only deal with Barclays. By using a broker such as The Bridging Loan Company you can be assured that your advisor will search over 200 UK lenders to get you the most cost-effective bridge loan.
Advantages Of A Barclays Bridging Loan
- Borrow from £10,000 to £250 million
- Available from high street banks or specialist lenders
- 3 to 24 month repayments
- Roll up your loan and pay at the end
- Barclays can provide a mortgage on exit of the bridge
- Secure the bridge loan on various assets
- They can service both personal and commercial clients
Do I Need To Contact Barclays Bank To Get A Bridging Loan?
As in any part of life, it is best to get rates from various short term bridging finance providers. They all offer a wide range of financial products that vary in APR and how they require the debt to be secured.
Here at The Bridging Loan Company, we search over 200 UK bridging loan lenders that are authorised by the financial conduct authority or FCA. This enables us to find the best lender for your circumstances. We would filter down the top 10 bridge loan providers and then look at the finer details to nail down the best provider.
We have a team of specialist bridging packagers that will help you along the way. If you are set on using Barclays for your bridging finance we can help you progress the loan application.
Our teams of dedicated solicitors and admin staff that work with bridging finance all day, every day giving you speed and accuracy throughout your application.
Do You Offer Any Other Bridging Loans Than Barclays Bank?
Yes, certainly we have access to over 200 UK short term bridging lenders that can help you finance your bridge requirements. We can access mainstream banks if you would like Halifax bridging loans or Santander bridging loans to name a few. Then we have many lenders that are specialists in different areas as well as private investment funders. All of our lenders are regulated by the Financial Conduct Authority FCA and are all trusted UK lenders.
We have dealt with some of the most complex bridging cases around. It is commonly said that if The Bridging Loan Company can not help, then it is highly unlikely that anyone can. Contact us today to discuss an offer for your bridging loan.
Barclays Bridging Loan Calculator
Although a specific Barclays bridging loan calculator is quite hard to provide due to their complex underwriting, we do have calculators that you can input your details and get a wide range of indicative rates.