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Barclays launches mortgage to help UK entrepreneurs get on the housing ladder

New proposition considers cash flow and monthly salary to lend high growth entrepreneurs up to five times their total income

Barclays Wealth & Investments has announced the launch of a new mortgage proposition designed specifically to help UK founders of high growth businesses get a foot on the housing ladder.

With traditional lending capped at five times salary, the mortgage will help entrepreneurs who’s salary earnings do not reflect their ability to repay a mortgage by taking cash flow and monthly income into account.

While some banks require three years of trading accounts, Barclays will also consider applications from entrepreneurs with just two. If a customer then meets appropriate risk criteria, the bank will be able to lend them up to five times their total combined income.

Dena Brumpton, chief executive of Barclays Wealth & Investments, commented:

“Many entrepreneurs are focused on the immediate growth of their business, choosing not to take a large salary during the early stages. However, they may also have other forms of income or cash flow that mean they are able to repay a mortgage for the home they really want.

James Layfield, founder of Central Working, added: “I worked closely with the High-Growth team at Barclays to help secure a mortgage. After taking into account my business forecasts and income position, they were willing to be open-minded and work with me to secure the mortgage I needed.”

Henry Williams
Henry Williams

Henry has been writing for since 2015, covering everything from business finance and web builders to tax and red tape. He’s also contributed to many of our industry-renowned annual indexes, including Startups 100 and Young Guns, and created a number of the site’s popular how to guides. Before joining the team, he reviewed films for a culture website, and still harbours ambitions of being a screenwriter.


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