Unsure what to search for? Other customers found these helpful.

Corporate Deeds of Priority

We think it’s good that there are many sources of finance available for your business to choose from. So if you decide to apply for a secured loan with another lender when you still have secured borrowing with us, we’ll do our best to support you.

Just get in touch to discuss your plans and request a Deed of Priority – a statement your other potential lender will need to agree to that sets out our respective claims to the security you've provided. After we’ve considered your request, we’ll send you a prompt, full and transparent response. And if we can’t agree to your request, we’ll explain why.

What do I need to do?

As a responsible lender, we need to make sure that any changes to your business borrowing are sensible and affordable. That means we’ll need to meet you to discuss your request. Contact your Barclays Business Manager or Relationship Director to arrange a meeting to discuss your plan with them. You can call us on 0345 605 2345 1 to book an appointment if you prefer.

We might need some more information from you so we can assess your request and the effect it could have on your overall borrowing and security position. This could include your latest management accounts and cashflow forecast.

What will we do?

Once we’ve had our meeting with you, and you’ve provided any information and supporting documents we’ve asked for, we’ll contact you within 7 working days to:

  • Confirm that we’ve granted your request
  • Tell you that we can’t grant your request, with a clear explanation of our reason
  • Tell you that we need more time or information before we decide – with a clear explanation of why. We’ll aim to give you a decision no more 20 working days later

Examples of standard documentation

If we agree to your Deed of Priority request, we’ll issue final documents (based on the standard or previously agreed documents) for all parties to sign.

You’ll find a selection of our standard Deed of Priority documents below. These can be used by other lenders when entering in to a Deed of Priority with us.

Deed of Priority 1B PDF 90 KB

Used when we and your other lender each hold a debenture and, possibly, another type of security. Our debenture (and other security if held) will have unlimited priority over the other lender’s security.

Deed of Priority 2 PDF 80 KB

Used when we hold a legal charge on land (and possibly also a debenture), while your other lender holds a legal charge on land. We’ll have unlimited priority over the other lender’s charge.

Deed of Priority 2a, PDF 70 KB

Used when we hold a legal charge on land (and possibly also a debenture) while your other lender holds a legal charge on land. We’ll have limited priority over the other lender’s charge.

Deed of Priority 3a limited, PDF 70 KB

Used when we hold a legal charge over property but no other charges or debenture, while your other lender has a debenture. We’ll have limited priority in respect of the charged property.

Deed of Priority 3a unlimited, PDF 70 KB

Used when we hold a legal charge over property but no other charges or debenture, while your other lender has a debenture. We’ll have unlimited priority in respect of the charged property.

Deed of Priority 3c limited, PDF 70 KB

Used when we hold a specific charge over a non-property asset but no other charges or debenture, while your other lender has a debenture. We’ll have limited priority in respect of the charged asset.

Deed of Priority 3c unlimited, PDF 70 KB

Used when we hold a specific charge over a non-property asset but no other charges or debenture, while your other lender has a debenture. We’ll have unlimited priority in respect of the charged asset.

Why might you decline a Deed of Priority request?

It could be for 1 or more of the following (but not exclusive) reasons:

  • The security does not adequately cover your borrowing with us
  • The proposed transaction would breach a condition you’ve agreed with significant implications for your existing lending.

We’ll always explain our decision clearly. If you disagree with our decision then you can appeal against it.

Important information

1. Lines are open Monday to Friday, 8am–7pm. To maintain a quality service, we may monitor or record phone calls.  Call charges