Review of Barclays Home Loans
Looking to make some home improvements, buy a new car, or consolidate your existing debts? A Barclays homeowner loan can be used for almost any purpose you like, and could allow you to borrow more money than you might be able to get via a conventional personal loan. This type of loan is also known as a secured homeowner loan. People who don’t have a perfect credit score, but who have substantial value in their home, may apply for a Barclays homeowner loan.
For the latest home loan deals see the latest deals above or contact us on 0117 313 8872 or complete our loan enquiry form
Review: Barclays homeowner loan
If you miss a payment, you could ultimately be made to sell your home to clear your debt. Bear in mind that while interest rates for homeowner loans tend to be lower than for unsecured loans, you could end up paying more over time because these loans tend to be repaid over a longer time period during which more interest will be accrued.
Features of Barclays homeowner loans
- Barclays act as an introducer for these loans – they are arranged by Freedom Finance
- You can apply to borrow between £3,000 and £250,000 for UK homeowners
- Barclays home owner loans are available on flexible terms of 1 to 25 years
Barclays homeowner loan eligibility
To be considered for a Barclays homeowner loan you will need to be:
- A homeowner residing in the UK
- In receipt of a minimum household income of £8,000 per annum
- Aged 18 or over
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. If you are at all unsure of the suitability of a particular product for your circumstances, you should seek independent financial advice.
For the latest home loan deals, see the latest deals above or contact us on 0117 313 8872 or complete our loan enquiry form