Barclays’ gross mortgage loans grew 4.9% in the first three months of the previous quarter.
The bank’s home loan portfolio is now £166 billion, which includes 47% of five-year and fixed-rate loans. Another 29% are two-year restoration and 11% are landlord mortgages.
Lenders said in a market statement for the quarter ended March 31 that the price of its mortgage online loan is £2.2 billion “as new businesses exceed redemption”.
The lender added that it “maintains its share of the stock market as the procurement market stabilizes strongly.”
Overall, lenders reported pre-tax profits rose 19% to £2.72 billion a year ago.
Its bad debt rules have increased from £513 million a year ago to £643 million, largely due to the “increased U.S. macroeconomic uncertainty” introduced by £74 million.
The group said, “continue to monitor uncertainty in the recent macroeconomic outlook, especially in the United States.”
Barclays Group CEO CS Venkatakrishnan said the company’s results “represent another strong execution” and confirmed that lenders are expected to meet their guidance for 2025 and 2026.
