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Mortgage application form

Barclays has today announced a lending boost for UK businesses and homebuyers.

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Our participation in the Bank of England’s Funding for Lending scheme has enabled us to introduce cashback on loans to small and medium-sized enterprises (SMEs) and reduce lending rates on mortgages and personal loans.

SMEs can enjoy an instant cashback of 2% on loans, giving them an instant cash injection that will boost their cash flow and benefit the UK economy.

For homebuyers, we are lowering the rates on some of our fixed rate mortgages by up to 0.30%. Customers with smaller deposits will see their rates reduced by up to 0.20%. These reductions will take effect from Tuesday, 4 September.

We also recently cut our Barclayloan Plus personal loan rate from 9.9% to 6.7%, making it the lowest ever representative rate for loans of £5,000 to £25,000.

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