Barclays cuts mortgage rates

We’re making some cuts to our mortgage rates, with changes effective from tomorrow, Friday 7th August.

Jatin Patel, Head of Mortgages, Savings and Insurance at Barclays, said:

“Recent market volatility means many homeowners have understandably been keeping a close eye on mortgage rates. We are pleased to announce a number of rate reductions live today across our mortgage range.

“However, it’s important that homeowners know they don’t always need to hold off on decisions while they wait for rates to change. Many lenders, including Barclays, offer the option to secure a new mortgage up to 90 days before end of their current deal, with the flexibility to switch if a better rate comes along. In periods of uncertainty this can help provide peace of mind for consumers looking to plan their next move.”

Top Tips from Jatin Patel:

If your fixed rate is coming to an end:

• Start early to give yourself choice. You can typically lock in a new rate 90 days before your end of term date with your existing lender – or up to six months out if you are looking at moving lenders. Doing this early can help protect you from further short term market volatility while still giving flexibility if rates or circumstances change. With many lenders, including Barclays, you can lock in a new rate in a few straightforward steps using your app, without the need to book in an appointment or speak to an advisor.
  
  
• You don’t have to move straight to a new fixed rate. When your fixed rate comes to an end, you can consider options like moving to a tracker as you assess the market conditions, with a view to fixing at a later date.
  
  
• Seek advice. If you’re unsure, speaking to your lender or a mortgage broker can help you understand your options and choose a path that best fits your circumstances and budget. And if you’re worried about your financial situation, talk to your existing lender as they have the tools to be able to support you if you are experiencing financial difficulty.

If you are mid-way through a fixed deal:

• Remember, fixed rates are locked in. Most homeowners take out fixed-rate deals, helping them to manage their household budget with certainty. If you’re currently on a fixed deal, it’s important to remember that your rate and monthly payments won’t change until that deal ends, regardless of what’s happening in the wider world.
  
  
• Use this time to get prepared. Even if your deal doesn’t end for a while, it’s worth reviewing your household budget and understanding what your options might be when you next refinance. Our data shows that that for homeowners preparing for new mortgage deals, 45 per cent of people said keeping monthly payments low was their top priority.

If you’re on a tracker or variable rate:

• Bear in mind that many lenders will let you switch to a fixed deal, at any time. Therefore, you may want to reconsider the flexibility this type of mortgage offers. For some people, it might be better to move to a fixed deal to have the certainty of knowing what your monthly repayments will be.

If you’re a first-time buyer:

• Explore your options in advance. Buying your first home can feel challenging. It's worth exploring the range of products, schemes and guidance available even before you start saving. Speaking to a lender or mortgage broker early can help you understand how much you may be able to borrow, how much you need to save, and what steps you can take to get on the property ladder sooner.
  
  
• Make a realistic plan. Building a strong savings plan and understanding what's affordable for your budget can help put you in a stronger position when you're ready to buy. If you're planning for a longer-term goal, it's also worth considering investing in stocks and shares as a way to grow your money over time. You don't need to be an investing expert to get started. If you've already built an emergency fund and set aside any money you may need in the next few years, ready-made funds can be a simple way to begin investing. They spread your money across a range of investments, helping to manage risk while giving your savings the opportunity to grow over the longer term. An Investment ISA can be a good place to start, allowing you to invest up to £20,000 each tax year free from UK tax on any returns.

Existing Product Decreases
Residential

Purchase Only

• 4.63% 2 Yr Fixed £899 product fee, 60% LTV, Min loan £5k, Max loan £2m will decrease to 4.60%
• 4.83% 2 Yr Fixed £0 product fee, 60% LTV, Min loan £5k, Max loan £2m will decrease to 4.78%
• 4.85% Premier 2 Yr Fixed £899 product fee, 75% LTV, Min loan £5k, Max loan £2m will decrease to 4.67%
• 4.88% 2 Yr Fixed £899 product fee, 75% LTV, Min loan £5k, Max loan £2m will decrease to 4.70%
• 5.07% 2 Yr Fixed £0 product fee, 75% LTV, Min loan £5k, Max loan £2m will decrease to 4.85%
• 4.90% 2 Yr Fixed £899 product fee, 80% LTV, Min loan £5k, Max loan £2m will decrease to 4.80%
• 5.09% 2 Yr Fixed £0 product fee, 80% LTV, Min loan £5k, Max loan £2m will decrease to 5.00%
• 5.40% 2 Yr Fixed £0 product fee, 95% LTV, Min loan £5k, Max loan £640k will decrease to 5.35%
• 4.67% 5 Yr Fixed £899 product fee, 60% LTV, Min loan £5k, Max loan £2m will decrease to 4.58%
• 4.82% 5 Yr Fixed £0 product fee, 60% LTV, Min loan £5k, Max loan £2m will decrease to 4.72%
• 4.78% 5 Yr Fixed £899 product fee, 75% LTV, Min loan £5k, Max loan £2m will decrease to 4.75%
• 4.89% 5 Yr Fixed £0 product fee, 75% LTV, Min loan £5k, Max loan £2m will decrease to 4.85%
• 4.88% Premier 5 Yr Fixed £0 product fee, 80% LTV, Min loan £5k, Max loan £2m will decrease to 4.85%
• 4.91% 5 Yr Fixed £0 product fee, 80% LTV, Min loan £5k, Max loan £2m will decrease to 4.88%
• 4.75% Premier 5 Yr Fixed £899 product fee, 90% LTV, Min loan £5k, Max loan £640k will decrease to 4.65%
• 4.95% 5 Yr Fixed £899 product fee, 90% LTV, Min loan £5k, Max loan £640k will decrease to 4.85%
• 5.07% 5 Yr Fixed £0 product fee, 90% LTV, Min loan £5k, Max loan £640k will decrease to 5.05%
• 5.32% 5 Yr Fixed £0 product fee, 95% LTV, Min loan £5k, Max loan £640k will decrease to 5.30%
• 5.62% 10 Yr Fixed £999 product fee, 60% LTV, Min loan £5k, Max loan £1m will decrease to 5.12%
• 6.03% 10 Yr Fixed £999 product fee, 80% LTV, Min loan £5k, Max loan £1m will decrease to 5.53%
• 4.73% Green Home 2 Yr Fixed £0 product fee, 60% LTV, Min loan £5k, Max loan £2m will decrease to 4.68%
• 4.97% Green Home 2 Yr Fixed £0 product fee, 75% LTV, Min loan £5k, Max loan £2m will decrease to 4.75%
• 4.57% Green Home 5 Yr Fixed £899 product fee, 60% LTV, Min loan £5k, Max loan £2m will decrease to 4.48%
• 4.68% Green Home 5 Yr Fixed £899 product fee, 75% LTV, Min loan £5k, Max loan £2m will decrease to 4.65%
• 4.85% Green Home 5 Yr Fixed £899 product fee, 90% LTV, Min loan £5k, Max loan £640k will decrease to 4.75%

Remortgage only

• 4.75% Premier 2 Yr Fixed £999 product fee, 60% LTV, Min loan £5k, Max loan £2m will decrease to 4.66%
• 4.78% 2 Yr Fixed £999 product fee, 60% LTV, Min loan £5k, Max loan £2m will decrease to 4.69%
• 4.88% 2 Yr Fixed £999 product fee, 75% LTV, Min loan £5k, Max loan £2m will decrease to 4.75%
• 5.10% The Great Escape™ 2 Yr Fixed £0 product fee, 60% LTV, Min loan £50k, Max loan £2m will decrease to 4.97%
• 5.21% The Great Escape™ 2 Yr Fixed £0 product fee, 75% LTV, Min loan £50k, Max loan £2m will decrease to 5.09%

Product Introductions
Residential

Remortgage only

• 4.88% The Great Escape™ 3 Yr Fixed £0 product fee, 60% LTV, Min loan £50k, Max loan £2m

Existing Customer Reward Range
Existing product Decreases

Residential

• 4.75% EMC Reward 2 Year Fixed £999 product fee, 60% LTV, Min loan £1k, Max loan £2m will decrease to 4.66%
• 5.10% EMC Reward 2 Year Fixed £0 product fee, 60% LTV, Min loan £1k, Max loan £2m will decrease to 4.97%
• 4.88% EMC Reward 2 Year Fixed £999 product fee, 75% LTV, Min loan £1k, Max loan £2m will decrease to 4.75%
• 5.21% EMC Reward 2 Year Fixed £0 product fee, 75% LTV, Min loan £1k, Max loan £2m will decrease to 5.09%
• 5.32% EMC Reward 10 Year Fixed £749 product fee, 75% LTV, Min loan £1k, Max loan £2m will decrease to 5.12%
• 5.35% EMC Reward 10 Year Fixed £0 product fee, 75% LTV, Min loan £1k, Max loan £2m will decrease to 5.15%

Published: 06 August 2026