Remortgage and equity release
Remortgage
You may find that your current mortgage no longer meets your needs. For instance, you may want to release some of the equity in your property without selling it. This could be to fund an extension or refurbishment, to finance another purchase or to consolidate existing debt. We can advise on and arrange a UK remortgage for you to release the cash.
Equity Release
You can release some of the equity in your property in the UK by borrowing against it. Releasing equity is especially suitable when you borrow larger amounts because you can secure a longer-term loan at competitive mortgage rates of interest and therefore reduce your monthly payments. Security will be required against the property.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
If your loan is denominated in a currency other than sterling CHANGES IN THE EXCHANGE RATE MAY INCREASE THE STERLING EQUIVALENT OF YOUR DEBT.
Think carefully before securing other debts against your home
For more information or to apply
Call us on +44 (0)1624 684305†
All lending is subject to application and status.
Responsible Lending
As a responsible lender, we only want you to borrow what you can afford, and in a way that is best for you. When considering your application, your financial circumstances will be assessed before we make a decision to lend money. And remember, if you should run into any financial difficulties, please contact us as soon as you become aware of them.
Your responsibilities
Before you apply, always consider carefully what you can afford to repay. Remember, your ability to repay may be affected by other financial commitments, employment prospects and changes to your income. It is important that, at the time of application, you make us fully aware of any personal circumstances that may impact on your ability to repay any lending you are applying for, particularly if your circumstances have adversely changed during the last 3 months (for example if there’s been a significant increase in your financial commitments, a decrease in your income or a change to your employment status). If your circumstances have adversely changed, then please contact us by calling us on +44 (0)1624 684 316†.
Terms and conditions apply to all mortgage products. We strongly recommend that you obtain your own independent tax advice before proceeding with an offshore mortgage.
Barclays Wealth will require a first legal charge over the property.
As a responsible lender, we only want you to borrow what you can afford, and in a way that is best for you. When considering your application, your financial circumstances will be assessed before we make a decision to lend money. And remember, if you should run into any financial difficulties, please contact us as soon as you become aware of them.
In all forms of advertising and marketing material where repayments are quoted, we will show clearly a typical Annual Percentage Rate (APR). We will also clearly indicate in all lending-related advertising issued in Jersey that we abide by the Code of Practice for Consumer Lending.
The products and services described on this page are provided by the following companies which are part of Barclays Wealth, Barclays Bank PLC in England and Wales and Barclays Private Clients International Limited in the Isle of Man, Jersey and Guernsey. For further information on these companies and Barclays Wealth please read the Important Information.
