Three-year, five-year and green home products repriced for new and existing customers
Barclays is set to cut rates across a selection of fixed rate residential mortgages, with the most substantial reductions concentrated in its three-year fixes.
The lender said that some three-year fixed products will fall by up to 0.29 percentage points, with the new lowest rate set at 3.70%. The changes, which will take effect from tomorrow, Dec. 16, span purchase, remortgage and existing customer reward ranges, and include adjustments to five-year and Green Home products.
For residential purchase customers at 60% loan-to-value (LTV), the Premier three-year fixed rate with a £899 product fee and loan amounts between £5,000 and £2 million will reduce from 3.97% to 3.70%. The standard three-year fixed at 60% LTV with no product fee, also available for loans from £5,000 to £2 million, will move from 4.12% to 3.84%. At 75% LTV, the three-year fixed with a £899 product fee and the same loan size parameters will fall from 4.14% to 3.85%.
Barclays is also adjusting five-year fixed purchase products. The Premier five-year fixed at 60% LTV, with a £899 product fee on loans between £5,000 and £2 million, will edge down from 3.81% to 3.78%. The standard five-year fixed at 60% LTV with a £899 fee and the same loan range will be cut from 3.82% to 3.79%. Its fee-free counterpart at 60% LTV will move from 3.92% to 3.88%, again for loans from £5,000 to £2 million.
At 75% LTV, the five-year fixed with a £899 product fee will reduce from 3.90% to 3.86%, while the five-year fixed with no product fee will decrease from 4% to 3.94%, both covering loans between £5,000 and £2 million.
Green Home products are included in the latest repricing. The Green Home five-year fixed at 60% LTV, with a £899 product fee and a loan range of £5,000 to £2 million, will fall from 3.72% to 3.69%. The 75% LTV Green Home five-year fixed, also with a £899 product fee and the same loan limits, will move from 3.80% to 3.76%.
For residential remortgage borrowers at 60% LTV, the three-year fixed rate with a £999 product fee and loan sizes from £5,000 to £2 million will be reduced from 3.90% to 3.75%. At 75% LTV, the equivalent three-year fixed with a £999 fee and the same loan parameters will fall from 4.03% to 3.86%.
Within the existing customer reward range, Barclays is cutting selected three-year fixed rates. The EMC Reward three-year fixed at 60% LTV, carrying a £999 product fee and available on loans from £1,000 to £2 million, will decrease from 3.90% to 3.74%. The 75% LTV EMC Reward three-year fixed, also with a £999 fee and a loan range of £1,000 to £2 million, will move from 4.03% to 3.85%.
In recent weeks, major lenders have moved to implement a fresh round of mortgage rate cuts, sharpening pricing on key fixed and variable products and signalling a renewed bout of competition as 2026 approaches.
For brokers, the latest reductions suggest that funding costs and market expectations for future rate movements are feeding through more quickly into retail pricing, with banks seeking to protect or grow market share ahead of the new year. The widening spread of repricing across owner-occupier, investor and refinance segments points to a more active environment for repricing reviews and product recommendations in the months ahead.
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