Homebuyers and remortgagers across the UK could benefit from lower mortgage repayments as Barclays makes a series of mortgage rate cuts, from Thursday the 14th of August 2025. Barclays has reduced rates on a range of its most sought-after products across its Purchase, Remortgage, and EMC Reward range. The reductions are part of the lender’s ongoing strategy for remaining competitive and providing better value for customers.
Lower Rates for Buying a Home
For those considering getting onto the housing ladder or moving house, Barclays has lowered rates on its home purchase mortgages with fixed rates:
- 2-Year Fixed, £899 product fee, 85% LTV — reduced from 4.22% to 4.12%
- 2-Year Fixed, £0 product fee, 85% LTV — reduced from 4.63% to 4.43%
These reductions can reduce monthly costs for consumers, particularly in a rising-rate market.
Remortgage Customers Gain Huge Savings
Barclays has also targeted its remortgage book with severe reductions:
- 2-Year Fixed, £999 product fee, 85% LTV — reduced from 4.75% to 4.39%
- 5-Year Fixed, £999 product fee, 85% LTV — reduced from 4.60% to 4.20%
Homeowners who are coming towards the end of their current fixed agreement will be aided by these reductions by fixing at a lower price and protecting against possible future rate hikes.
Reward Customers Benefit Too
Barclays’ EMC Reward range, available to qualifying existing customers, is also reducing:
- 2-Year Fixed, £999 product fee, 85% LTV — reduced from 4.47% to 4.39%
- 5-Year Fixed, £999 product fee, 85% LTV — reduced from 4.31% to 4.20%
These reductions make it even more advantageous for long-term Barclays customers to have access to competitive fixed-rate products.
Why Rate Cuts Matter in the Current Market
Since the cost of living is still high and interest rates have leapt violently in the past two years, any decline in mortgage rates can have a huge impact on household expenditure. Lower rates not only mean lower monthly repayments but can even make homes cheaper, enabling more borrowers to pass lender tests.
Expert View – Oportfolio Mortgages
Louis Mason, Head of Marketing and Communications at Oportfolio Mortgages, said:
“Barclays’ recent cuts to mortgage rates are welcome for both new buyers and existing homeowners. Already feeling the squeeze, these cuts will genuinely contribute towards affordability. And it is also good to see lenders moving on remortgage as well as purchase products, benefiting more customers.”
How Oportfolio Mortgages Can Help
At Oportfolio Mortgages, we arrange deals with Barclays and most of the UK lenders to find you competitive mortgage offers that meet your needs. Whether buying your first home, moving house, or remortgaging to save money, we can:
- Compare several lenders’ offers
- Clarify the true cost of a mortgage offer
- Walk you through the application process from start to finish
If you’re considering a mortgage or remortgage, now could be the perfect time to review your options. Give our team a call or drop us an email today.
Barclays Mortgage Rate Cuts – FAQ
1. When do Barclays’ new mortgage rates take effect?
From Thursday 14 August, 2025.
2. Do the rate cuts apply to first-time buyers?
Yes. Eligible first-time buyers can benefit from the reduced purchase mortgage rates.
3. Can I access these rates if I’m remortgaging?
Yes. Barclays has reduced rates on both 2-year and 5-year fixed remortgage products.
4. What is the maximum loan size for these deals?
Most products have a £2m maximum loan.
5. Should I lock in a fixed rate now?
A fixed rate offers payment certainty for the term, which can help with budgeting. Speak to a mortgage broker to assess your options.
