From Simon Collis
I was amused to see that Barclays’ CEO John Varley is not interested in lending 5 x salary (Mortgage Strategy January 15). That must be because it’s far too conservative for Barclays.
If you ring Barclays for a pre-approved mortgage limit figure on behalf of a client, nine times out of 10 it’s higher than any other lender. About 6 x salary is the minimum.
But I’m not surprised the chief executive’s finger isn’t on the pulse. After all, doesn’t it own Woolwich?