Barclays: products, terms and eligibility

Barclays is a UK provider of commercial mortgages and bank lending. The legal entity named on its site is Barclays Bank UK PLC, company number 09740322. It is based in London. Companies House shows the company was incorporated 2015 (Barclays Bank UK PLC).

Barclays Bank UK PLC (company number 09740322) was incorporated in 2015 and is the Barclays group’s UK retail and business bank. The business banking pages describe lending through the app, Online Banking, by phone and through Business Relationship Managers, and a separate broker panel with a dedicated portal and business development managers.

Everything on this page comes from what Barclays publishes itself. We show the date we last checked it, and we do not rate or rank lenders.

Barclays publishes 3 products for UK businesses. The table above gives the amounts and terms as it states them.

• Commercial mortgage: Variable or fixed rates (can switch variable to fixed); capital repayment holiday available; secured against your business premises.

Commercial mortgage

A mortgage secured against business premises, starting at £25,001 with no stated maximum, usable to buy property, develop or refurbish premises, fund investment, or buy vehicles, machinery and equipment, including green assets. Fixed-rate terms run from 1 to 10 years, with variable options and the ability to switch from variable to fixed. A capital repayment holiday option lets the borrower pay only interest for a period. Breakage costs apply if a fixed rate is ended early.

Agricultural mortgage

A mortgage to buy farmland or farm buildings or to improve farm infrastructure. The overview page gives no loan sizes, loan-to-value, term or eligibility detail; property used as security may be repossessed if repayments are not kept up.

Buy-to-let mortgage for limited companies

A mortgage for limited companies expanding a property portfolio by up to 20 properties. The overview page gives no further detail on size, loan-to-value or terms; security may be required and property may be repossessed if repayments are not kept up.

Barclays says its finance is used for:

• Buying business premises
• Refurbishing owner-occupied premises
• Property development
• Investment property
• Buying farmland
• Expanding a buy-to-let portfolio

Sectors and business types it says it funds:

• Agriculture
• Healthcare
• Real estate
• Manufacturing

Barclays publishes these criteria. Meeting them does not mean an application will be accepted: every lender makes its own decision.

• Three full years of audited or certified accounts, plus current management figures if produced.
• Two months of bank statements.
• An assets and liabilities statement.
• Eligibility is confirmed by its team when you apply.

Barclays describes its process like this:

1. Apply through the app or Online Banking, call the lending line, or request a callback from a Business Relationship Manager.
2. Provide the accounts and bank statements asked for.
3. Barclays assesses the application, which is subject to status and borrowing history.

Information it says it asks for:

• Three years of audited or certified accounts
• Current management figures where applicable
• Two months of bank statements
• Assets and liabilities statement
• Evidence of green assets where applicable

Every application is subject to status and the lender’s own criteria at the time.

A commercial mortgage is a long-term loan secured on business premises or investment property. Lenders look at the property’s value, the deposit, and whether the business’s profits or the rent comfortably cover the repayments.

Banks often lend across several products, from overdrafts to asset finance, and some can offer facilities under government schemes. See government-backed business loans for how those work.

Points Barclays publishes that are worth knowing:

• Secured against your business premises; the lender has the right to the property if you cannot repay.
• Any property used as security, which may include your home, may be repossessed if you do not keep up repayments.
• Lending fees and associated borrowing costs may apply.
• Fixed rate breakage costs apply if you end a fixed rate before the agreed term.
• Can be used for buying property, development, refurbishing owner-occupied premises, investment finance and equipment.

Security and guarantees

A commercial mortgage is secured against business premises, which may be repossessed if repayments are not kept up. Security may be required on its other mortgages, subject to status. Fixed-rate breakage costs apply if a fixed rate is ended early; no figures are recorded here.

Barclays’s site states: “Barclays Bank UK PLC and Barclays Bank PLC are each authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered office for all: 1 Churchill Place, London E14 5HP”

Protections differ by borrower type and loan size. Most lending to limited companies is not regulated consumer credit, so read the agreement and ask the lender what applies to you.

Other providers of commercial mortgages and bank lending with profiles here include OakNorth Bank, Redwood Bank and Santander UK. Each profile uses that lender’s own published terms.

The full list, grouped by product type, is in our directory of UK business lenders.

Capzy is a credit broker, not a lender, and gets paid by the lender. One application lets your business compare options across lenders, so you can weigh this kind of facility against the alternatives. You can check your funding options with a soft search that does not affect your credit score. A full application to a lender may involve a hard search, and any offer is subject to status and lender criteria.