Barclays Mortgage Calculator

Barclays Mortgage Service

If you are looking to remortgage your existing Barclays deal we can help you check whether the rate you are offered is right for you. We work with Barclays (formerly known as Woolwich) as well as over 60 other lenders to help you find the most cost effective deal.

Special features of what we offer include:

• Whole of market service - we compare Barclays products with high street and specialist UK lenders

• Access to leading market mortgage rates 

• Access to exclusive loan deals not available on 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 call our mortgage team on 0117 403 4474 or fill in our call back form.

To get an illustration of most of the options you can use the Barclays mortgage calculator to help you determine how much you could afford to borrow and how much your monthly payments may be for some residential mortgages.

If however you want to find out about an offset mortgage you need to use the Woolwich mortgage calculator. Unlike the normal tool the Barclays (formerly Woolwich) Mortgage Calculator can give you an idea of how much you could reduce your mortgage term by choosing an offset option.

Whether you are interested in buying your first home, a second home or purchasing a buy to let property the most important thing with a mortgage is finding the best deal you can. After all, once you sign for one you are most likely going to be locked into it for a number of years. Mortgages like most financial products can vary greatly between plans and lenders. Because of this it is wise to do your research and shop around before you commit to one.

You can use the mortgage calculator above 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 remember to factor in any arrangement fees and other costs, if the mortgage with the lowest APR has high set up fees it could actually cost you more than one with a worse interest rate but much lower arrangement fees. Usually 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 being offered the best interest rates available.

Mortgages can be quite variable in how you repay them so it is important to consider what might be best for you.

Different types of Mortgages

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 for the whole introductory period.

Tracker – Tracker mortgages are linked to the base interest rate which is set by the Bank of England. 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 but instead of your interest rate being reflective of the Base Rate it is affected by your lender’s specific Standard Variable Rate. 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 you stop earning any interest on your savings instead the interest is used to offset your mortgage interest repayments. Lenders will allow you to either pay less each month, or to treat the difference as an overpayment, thus paying off your loan earlier.

For independent mortgage advice on whether Woolwich mortgages are right for you call our mortgage team on 0117 403 4474 or complete our callback request form.