Barclays Mortgage (Barclays)

Member Name: davies29

Product:	Barclays
Date:	26/08/01 (2877 review reads)
Rating:

Advantages: pre approve quickly if customer

Disadvantages: bad rates

The reason why I chose to have my mortgage with Barclays was you can ring them and get your mortgaged pre approved there and then if you are a banker with them, and as I needed to know if I could have on straight away I had no choice. They told me they would not need to get any payslips of me as they can see from my account that I have a regular wage going in.

I was pre approved for £44000 I was always under the impression you were only allowed 3.5 your wage, they lend more so they get you into debt.

Lets get onto the deal I have for first time buyers, I have chosen a 35 year as I can change it after 3 years as that is how long I am tied in, but I can go back to 25 years but as I would have paid 3 already I will have 23 years left, you can also get a 30 year mortgage. I am on capped rate till November 2003 at 5.89% so a repayment mortgage over 35 years is costing £143.26 monthly.

They also paid £347.64 for my mortgage indemnity; I paid £195 for surveyor’s fees. The service with Barclays is excellent but they do not do a wide range of offers and they do not offer any cash back. They have now joined up with the Woolwich so there are a few offers but you are better off shopping around first.

To sum it up if you only want good service and are not bothered about your rates go to Barclays

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