Barclays cuts mortgage rate to market-leading 3.96%

03 March 2025

We wanted to share that we’re making some significant further reductions to mortgage rates – including one to 3.96%, the lowest five-year fixed rate available on the market (Green Home 5 Yr Fixed, £899 product fee, 60% LTV - our Green Home mortgages are available to customers who are buying an energy-efficient new-build home directly from the builder or developer (energy efficiency rating of 81 or above, or is in energy efficiency bands A or B)). We’re also reducing by as much as 0.48% in some cases (2 Yr Fixed, £0 product fee, 90% LTV - will now be 4.93%).

We’ve also increased the maximum loan amount for 90% Loan-to-Value (LTV) purchases for houses and flats - the cap for houses has increased from £570k to £640k, while the cap for flats has increased from £275k to £310k.

All changes are effective from tomorrow, Tuesday 4th March.

Sian McIntyre, Managing Director of Mortgages and Savings at Barclays, said:

“With bills and costs rising, we know how challenging homebuyers are finding things right now. We’ve introduced several rate drops already this year across our mortgage range, making a real difference in affordability, and we’re delighted to announce more rate cuts. This includes bringing our Green Home mortgage even further below 4%, making it the lowest five-year fixed rate available on the market.”