Barclays mortgage lending 'shows commitment'

Date:Friday 8th October 2010
Author: Max Freedman

A representative from Barclays has claimed its mortgage lending statistics show the firm's commitment to supporting the UK's housing sector.

Mark Parsons, managing director of retail assets and deposits at the company, made his remarks after the firm announced it had passed the £100 billion mark in terms of home finance arrangements agreed.

He suggested Barclays mortgage lending has seen strong growth because the organisation aims to adapt to people's needs.

"Barclays has remained open for business throughout the testing times of the last few years and that is reflected in these figures," Mr Parsons said.

A report published by the company shows it has increased its mortgage lending by 42 per cent since 2007 and saw net lending grow by £4 billion in the first six months of 2010.

Last month, Barclays announced that it had cut the interest rates on several of its home finance agreements, including fixed-rate and tracker deals.