Barclays Bank is renowned for offering attractive interest rates and is a prominent lender in the market. However, due to their high demand, arranging an appointment with a Barclays Mortgage Advisor can take some time.
While Barclays often indicates a willingness to assist with contractor mortgages, currently, they are not equipped to provide this specific service. The traditional personal relationship with a high street bank manager, who once had the discretion to make decisions based on individual merit, has become a thing of the past. Now, decisions are largely driven by automated processes. This is not just a Barclays phenomenon but a common trend among most lenders.
Regardless of whether you’re a premier customer at Barclays, they do not currently offer mortgages to contractors. This makes navigating Barclays Contractor Mortgages particularly challenging. Expert advice from our team is essential to ensure you approach this correctly and explore the best possible options for your mortgage needs.
Current Mortgage Options for Contractors
Barclays offers several appealing features for contractors, including:
Understanding the Application Process
The process of securing a mortgage can be more complex for contractors, but Mortgage Knight is here to help. We understand the specific requirements Barclays has for contractor applications:
Added Perks for Barclays Mortgage Borrowers
Last month, Barclays partnered with British Gas to offer discounted energy-efficiency checks to their mortgage customers. This initiative not only helps you save on energy costs but also increases your property’s value and appeal.
How Mortgage Knight Can Help
Applying for a contractor mortgage can be daunting, but that’s where we come in. At Mortgage Knight, we work closely with Barclays’ senior underwriters to streamline your application process. Our experience ensures your application is submitted accurately, often resulting in a mortgage in principle within 24 hours. The entire process typically takes about three days, with completion in two to four weeks.