Barclays Mortgage Rates

144 mortgage products listed in our database and is currently offering remortgage fixed rates from 4.36% with a set up fee of £999 for a 5 year product. They also have residential purchase fixed rates from 4.52% with a set up fee of £899 for a 2 year product

Barclays Mortgage Rates

144 mortgage products listed in our database and is currently offering remortgage fixed rates from 4.36% with a set up fee of £999 for a 5 year product. They also have residential purchase fixed rates from 4.52% with a set up fee of £899 for a 2 year product. 

Check back weekly or favourite this page to keep an eye on the ever-changing rates. The table below is updated as of July 16, 2024 and rates are subject to change.

Barclays Mortgage Rates: Tracker Mortgages

COMPANY TYPE TERM INITIAL RATE THE OVERALL COST FOR COMPARISON IS PRODUCT FEE LOAN TO VALUE (LTV)
BARCLAYS 2 year Offset Tracker at BEBR + 1.22% for 2 years Residential Purchase Offset 2 years 6.47% 8.7 APRC £1749.00 75%
BARCLAYS 5 year Offset Tracker at BEBR + 1.25% for 5 years Residential Purchase Offset 5 years 6.50% 8.1 APRC £1749.00 75%
BARCLAYS 2 year Tracker at BEBR + 0.14% for 2 years Premium Exclusive Rate 2 years 5.39% 8.4 APRC £999.00 60%
BARCLAYS 2 year Tracker at BEBR + 0.15% for 2 years Rate 2 years 5.40% 8.4 APRC £999.00 60%
BARCLAYS 2 year Tracker at BEBR + 0.36% for 2 years Rate 2 years 5.61% 8.5 APRC £999.00 75%
BARCLAYS 2 year Tracker at BEBR + 0.76% for 2 years Rate 2 years 6.01% 8.6 APRC £999.00 85%
BARCLAYS 2 year Tracker at BEBR + 1.10% for 2 years Rate 2 years 6.35% 8.6 APRC £999.00 90%
BARCLAYS 2 year Tracker at BEBR + 0.50% for 2 years Premium Exclusive Rate 2 years 5.75% 8.4 APRC £0.00 75%
BARCLAYS 2 year Tracker at BEBR + 0.35% for 2 years Rate 2 years 5.60% 8.4 APRC £1999.00 60%
BARCLAYS 2 year Tracker at BEBR + 0.55% for 2 years Rate 2 years 5.80% 8.4 APRC £1999.00 70%
BARCLAYS 2 year Tracker at BEBR + 0.57% for 2 years Rate 2 years 5.82% 8.5 APRC £1999.00 75%
BARCLAYS 5 year Tracker at BEBR + 0.60% for 5 years Rate 5 years 5.85% 7.8 APRC £999.00 60%
BARCLAYS 5 year Tracker at BEBR + 1.00% for 5 years Rate 5 years 6.25% 8.0 APRC £999.00 85%
BARCLAYS Residential Remortgage Offset Tracker at BEBR + 1.22% 2 years 6.47% 8.7 APRC £1749.00 75%
BARCLAYS Residential Remortgage Offset Tracker at BEBR + 1.25% 5 years 6.50% 8.1 APRC £1749.00 75%
BARCLAYS Residential Remortgage Tracker at BEBR + 0.14% Premium Exclusive 2 years 5.39% 8.4 APRC £999.00 60%
BARCLAYS Residential Remortgage Tracker at BEBR + 0.15% 2 years 5.40% 8.4 APRC £999.00 60%
BARCLAYS Residential Remortgage Tracker at BEBR + 0.36% 2 years 5.61% 8.5 APRC £999.00 75%
BARCLAYS Residential Remortgage Tracker at BEBR + 0.76% 2 years 6.01% 8.6 APRC £999.00 85%
BARCLAYS Residential Remortgage Tracker at BEBR + 0.50% Premium Exclusive 2 years 5.75% 8.4 APRC £0.00 75%
BARCLAYS Residential Remortgage Tracker at BEBR + 0.35% 2 years 5.60% 8.4 APRC £1999.00 60%
BARCLAYS Residential Remortgage Tracker at BEBR + 0.55% 2 years 5.80% 8.4 APRC £1999.00 70%
BARCLAYS Residential Remortgage Tracker at BEBR + 0.57% 2 years 5.82% 8.5 APRC £1999.00 75%
BARCLAYS Residential Remortgage Tracker at BEBR + 0.60% 5 years 5.85% 7.8 APRC £999.00 60%
BARCLAYS Residential Remortgage Tracker at BEBR + 1.00% 5 years 6.25% 8.0 APRC £999.00 85%
BARCLAYS Existing Residential Mortgage Customers Reward Tracker 2 years 5.39% 8.3 APRC £999.00 60%
BARCLAYS Existing Residential Mortgage Customers Reward Tracker 2 years 5.74% 8.3 APRC £0.00 60%
BARCLAYS Existing Residential Mortgage Customers Reward Tracker 2 years 5.61% 8.4 APRC £999.00 75%
BARCLAYS Existing Residential Mortgage Customers Reward Tracker 2 years 5.75% 8.3 APRC £0.00 75%
BARCLAYS Existing Residential Mortgage Customers Reward Tracker 2 years 6.11% 8.4 APRC £99.00 80%
BARCLAYS Existing Residential Mortgage Customers Reward Tracker 2 years 5.71% 8.4 APRC £999.00 90%
BARCLAYS Existing Residential Mortgage Customers Reward Tracker 2 years 6.45% 8.5 APRC £0.00 90%
BARCLAYS Existing Residential Mortgage Customers Reward Tracker 5 years 5.85% 7.6 APRC £999.00 60%
BARCLAYS Existing Residential Mortgage Customers Reward Tracker 5 years 6.25% 7.8 APRC £999.00 85%
BARCLAYS Existing Residential Mortgage Customers Reward Offset Tracker 2 years 6.47% 8.7 APRC £1749.00 80%
BARCLAYS Existing Residential Mortgage Customers Reward Offset Tracker 5 years 6.50% 8.0 APRC £1749.00 80%
BARCLAYS Existing Residential Mortgage Customers Reward Tracker 2 years 5.60% 8.3 APRC £1999.00 70%
BARCLAYS Existing Residential Mortgage Customers Reward Offset Tracker 2 years 7.15% 8.7 APRC £1999.00 70%
BARCLAYS Existing Mortgage Customers Reward Buy-to-Let Tracker 2 years 6.59% 9.6 APRC £1795.00 65%
BARCLAYS Existing Mortgage Customers Reward Buy-to-Let Tracker 2 years 6.67% 9.6 APRC £1795.00 75%
BARCLAYS Existing Mortgage Customers Reward Buy-to-Let Tracker 2 years 7.20% 9.5 APRC £0.00 75%
BARCLAYS Existing Mortgage Customers Reward Buy-to-Let Tracker 2 years 7.89% 9.7 APRC £299.00 75%
BARCLAYS Existing Mortgage Customers Reward Buy-to-Let Tracker 2 years 6.80% 9.4 APRC £1795.00 60%

 

Barclays Mortgage Rates: Fixed Rate Residential

COMPANY TYPE TERM INITIAL RATE THE OVERALL COST FOR COMPARISON IS PRODUCT FEE LOAN TO VALUE (LTV)
BARCLAYS Fixed Rate Residential Purchase (Premium Exclusive) 2 years 4.49% 8.2 APRC £899.00 60%
BARCLAYS Fixed Rate Residential Purchase 2 years 4.52% 8.2 APRC £899.00 60%
BARCLAYS Fixed Rate Residential Purchase 2 years 4.71% 8.2 APRC £0.00 60%
BARCLAYS Fixed Rate Residential Purchase (Premium Exclusive) 2 years 4.74% 8.3 APRC £899.00 75%
BARCLAYS Fixed Rate Residential Purchase 2 years 4.75% 8.3 APRC £899.00 75%
BARCLAYS Fixed Rate Residential Purchase 2 years 4.98% 8.3 APRC £0.00 75%
BARCLAYS Fixed Rate Residential Purchase 2 years 4.93% 8.3 APRC £899.00 85%
BARCLAYS Fixed Rate Residential Purchase 2 years 5.15% 8.3 APRC £0.00 85%
BARCLAYS Fixed Rate Residential Purchase 2 years 5.48% 8.4 APRC £0.00 90%
BARCLAYS Fixed Rate Residential Purchase 2 years 5.06% 8.3 APRC £1999.00 60%
BARCLAYS Fixed Rate Residential Purchase 2 years 5.11% 8.3 APRC £1999.00 70%
BARCLAYS Fixed Rate Residential Purchase 2 years 5.20% 8.3 APRC £1999.00 75%
BARCLAYS Fixed Rate Residential Purchase Premier Exclusive 3 years 4.57% 7.8 APRC £999.00 60%
BARCLAYS Fixed Rate Residential Purchase Premier Exclusive 5 years 4.08% 7.0 APRC £699.00 60%
BARCLAYS Fixed Rate Residential Purchase 5 years 4.09% 7.0 APRC £899.00 60%
BARCLAYS Fixed Rate Residential Purchase 5 years 4.38% 7.1 APRC £899.00 75%
BARCLAYS Fixed Rate Residential Purchase 5 years 4.24% 7.0 APRC £0.00 75%
BARCLAYS Fixed Rate Residential Purchase 5 years 4.57% 7.2 APRC £899.00 85%
BARCLAYS Fixed Rate Residential Purchase 5 years 4.75% 7.2 APRC £0.00 85%
BARCLAYS Fixed Rate Residential Purchase 5 years 4.85% 7.3 APRC £999.00 90%
BARCLAYS Fixed Rate Residential Purchase 5 years 4.47% 7.1 APRC £1999.00 60%
BARCLAYS Fixed Rate Residential Purchase 5 years 4.51% 7.1 APRC £1999.00 70%
BARCLAYS Fixed Rate Residential Purchase 5 years 4.65% 7.2 APRC £1999.00 75%
BARCLAYS Fixed Rate Residential Purchase 10 years 5.15% 6.4 APRC £999.00 60%
BARCLAYS Fixed Rate Residential Purchase 10 years 5.71% 6.8 APRC £999.00 80%

 

Barclays Mortgage Rates: Green Home Mortgages

COMPANY TYPE TERM INITIAL RATE THE OVERALL COST FOR COMPARISON IS PRODUCT FEE LOAN TO VALUE (LTV)
BARCLAYS Green Home Mortgages Fixed Rate 2 years 4.88% 8.2 APRC £0.00 75%
BARCLAYS Green Home Mortgages Fixed Rate 2 years 5.38% 8.3 APRC £0.00 90%
BARCLAYS Green Home Mortgages Fixed Rate 5 years 4.75% 7.3 APRC £999.00 90%

 

Barclays Mortgage Rates: Family Springboard Mortgages

COMPANY TYPE TERM INITIAL RATE THE OVERALL COST FOR COMPARISON IS PRODUCT FEE LOAN TO VALUE (LTV)
BARCLAYS Family Springboard Mortgages Fixed Rate 5 years 5.80% 7.1 APRC £0.00 95%
BARCLAYS Family Springboard Mortgages Fixed Rate 5 years 5.84% 7.1 APRC £0.00 100%

 

Barclays Mortgage Rates: Mortgage Guarantee Scheme

COMPANY TYPE TERM INITIAL RATE THE OVERALL COST FOR COMPARISON IS PRODUCT FEE LOAN TO VALUE (LTV)
BARCLAYS Mortgage Guarantee Scheme Fixed Rate 2 years 5.80% 8.4 APRC £0.00 95%
BARCLAYS Mortgage Guarantee Scheme Fixed Rate 5 years 5.56% 7.6 APRC £0.00 95%

 

Barclays Mortgage Rates: Residential Remortgage Fixed Rate

COMPANY TYPE TERM INITIAL RATE THE OVERALL COST FOR COMPARISON IS PRODUCT FEE LOAN TO VALUE (LTV)
BARCLAYS Residential Remortgage Fixed Rate (Premium Exclusive) 2 years 4.67% 8.3 APRC £999.00 60%
BARCLAYS Residential Remortgage Fixed Rate 2 years 4.70% 8.3 APRC £999.00 60%
BARCLAYS Residential Remortgage Fixed Rate 2 years 4.95% 8.3 APRC £999.00 75%
BARCLAYS Residential Remortgage Fixed Rate 2 years 5.82% 8.5 APRC £999.00 85%
BARCLAYS Residential Remortgage Fixed Rate 2 years 5.06% 8.3 APRC £1999.00 60%
BARCLAYS Residential Remortgage Fixed Rate 2 years 5.11% 8.3 APRC £1999.00 70%
BARCLAYS Residential Remortgage Fixed Rate 2 years 5.20% 8.3 APRC £1999.00 75%
BARCLAYS Residential Remortgage Fixed Rate Great Escape 2 years 5.07% 8.3 APRC £0.00 60%
BARCLAYS Residential Remortgage Fixed Rate Great Escape 2 years 5.15% 8.3 APRC £0.00 75%
BARCLAYS Residential Remortgage Fixed Rate (Premium Exclusive) 5 years 4.31% 7.1 APRC £999.00 60%
BARCLAYS Residential Remortgage Fixed Rate 5 years 4.36% 7.1 APRC £999.00 60%
BARCLAYS Residential Remortgage Fixed Rate 5 years 4.50% 7.2 APRC £999.00 75%
BARCLAYS Residential Remortgage Fixed Rate 5 years 5.03% 7.4 APRC £999.00 85%
BARCLAYS Residential Remortgage Fixed Rate 5 years 4.47% 7.1 APRC £1999.00 60%
BARCLAYS Residential Remortgage Fixed Rate 5 years 4.51% 7.1 APRC £1999.00 70%
BARCLAYS Residential Remortgage Fixed Rate 5 years 4.65% 7.2 APRC £1999.00 75%
BARCLAYS Residential Remortgage Fixed Rate Great Escape 5 years 4.46% 7.1 APRC £0.00 60%
BARCLAYS Residential Remortgage Fixed Rate Great Escape 5 years 4.68% 7.2 APRC £0.00 75%
BARCLAYS Residential Remortgage Fixed Rate Great Escape 5 years 5.35% 7.5 APRC £0.00 85%
BARCLAYS Residential Remortgage Fixed Rate 10 years 5.15% 6.4 APRC £999.00 60%
BARCLAYS Residential Remortgage Fixed Rate 10 years 5.71% 6.8 APRC £999.00 80%

 

Barclays Mortgage Rates: Buy to Let

COMPANY TYPE TERM INITIAL RATE THE OVERALL COST FOR COMPARISON IS PRODUCT FEE LOAN TO VALUE (LTV)
BARCLAYS Green Home Buy to Let (BTL) Fixed Rate 2 years 5.58% 9.3 APRC £1295.00 75%
BARCLAYS Green Home Buy to Let (BTL) Fixed Rate 5 years 4.62% 7.8 APRC £1295.00 75%
BARCLAYS Buy to Let (BTL) Purchase & Remortgage Fixed Rate (Not available for Portfolio Landlords) 2 years 5.80% 9.3 APRC £2495.00 60%
BARCLAYS Buy to Let (BTL) Purchase & Remortgage Fixed Rate (Not available for Portfolio Landlords) 5 years 5.40% 8.1 APRC £2495.00 60%
BARCLAYS Buy to Let (BTL) Purchase Only Fixed Rate (Not available for Portfolio Landlords) 2 years 5.68% 9.3 APRC £1295.00 75%
BARCLAYS Buy to Let (BTL) Purchase Only Fixed Rate (Not available for Portfolio Landlords) 5 years 4.72% 7.8 APRC £1295.00 75%
BARCLAYS Buy to Let (BTL) Remortgage Only Fixed (Not available for Portfolio Landlords) 2 years 5.80% 9.3 APRC £0.00 60%
BARCLAYS Buy to Let (BTL) Remortgage Only Fixed (Not available for Portfolio Landlords) 2 years 5.76% 9.4 APRC £1795.00 75%
BARCLAYS Buy to Let (BTL) Remortgage Only Fixed (Not available for Portfolio Landlords) 5 years 4.83% 7.8 APRC £0.00 60%
BARCLAYS Buy to Let (BTL) Remortgage Only Fixed (Not available for Portfolio Landlords) 5 years 4.60% 7.8 APRC £1795.00 75%
BARCLAYS Buy to Let (BTL) Remortgage Only Fixed (Not available for Portfolio Landlords) 5 years 4.88% 7.8 APRC £0.00 75%
BARCLAYS Buy to Let (BTL) Portfolio Landlords Purchase & Remortgage Fixed Rate (Available for Portfolio Landlords* Only) 2 years 5.70% 9.4 APRC £2495.00 75%
BARCLAYS Existing Mortgage Customers Reward Buy-to-Let Fixed 2 years 4.95% 9.1 APRC £1795.00 65%
BARCLAYS Existing Mortgage Customers Reward Buy-to-Let Fixed 2 years 5.30% 9.0 APRC £0.00 65%
BARCLAYS Existing Mortgage Customers Reward Buy-to-Let Fixed 2 years 5.00% 9.2 APRC £1795.00 75%
BARCLAYS Existing Mortgage Customers Reward Buy-to-Let Fixed 2 years 5.34% 9.0 APRC £0.00 75%
BARCLAYS Existing Mortgage Customers Reward Buy-to-Let Fixed 5 years 4.34% 7.5 APRC £1795.00 65%
BARCLAYS Existing Mortgage Customers Reward Buy-to-Let Fixed 5 years 4.58% 7.4 APRC £0.00 65%
BARCLAYS Existing Mortgage Customers Reward Buy-to-Let Fixed 5 years 4.45% 7.5 APRC £1795.00 75%
BARCLAYS Existing Mortgage Customers Reward Buy-to-Let Fixed 5 years 4.73% 7.5 APRC £0.00 75%
BARCLAYS Existing Mortgage Customers Reward Buy-to-Let Tracker 2 years 6.59% 9.6 APRC £1795.00 65%
BARCLAYS Existing Mortgage Customers Reward Buy-to-Let Tracker 2 years 6.67% 9.6 APRC £1795.00 75%
BARCLAYS Existing Mortgage Customers Reward Buy-to-Let Tracker 2 years 7.20% 9.5 APRC £0.00 75%
BARCLAYS Existing Mortgage Customers Reward Buy-to-Let Tracker 2 years 7.89% 9.7 APRC £299.00 75%
BARCLAYS Existing Mortgage Customers Reward Buy-to-Let Fixed 2 years 5.55% 9.1 APRC £0.00 Over 75%
BARCLAYS Existing Mortgage Customers Reward Buy-to-Let Fixed 5 years 4.96% 7.6 APRC £0.00 Over 75%
BARCLAYS Existing Mortgage Customers Reward Buy-to-Let Fixed 2 years 5.65% 9.1 APRC £1795.00 60%
BARCLAYS Existing Mortgage Customers Reward Buy-to-Let Fixed 5 years 5.25% 7.7 APRC £1795.00 60%
BARCLAYS Existing Mortgage Customers Reward Buy-to-Let Tracker 2 years 6.80% 9.4 APRC £1795.00 60%

 

Barclays Mortgage Rates: Existing Mortgage Customers

COMPANY TYPE TERM INITIAL RATE THE OVERALL COST FOR COMPARISON IS PRODUCT FEE LOAN TO VALUE (LTV)
BARCLAYS Existing Mortgage Customers Reward Buy-to-Let Fixed 2 years 4.95% 9.1 APRC £1795.00 65%
BARCLAYS Existing Mortgage Customers Reward Buy-to-Let Fixed 2 years 5.30% 9.0 APRC £0.00 65%
BARCLAYS Existing Mortgage Customers Reward Buy-to-Let Fixed 2 years 5.00% 9.2 APRC £1795.00 75%
BARCLAYS Existing Mortgage Customers Reward Buy-to-Let Fixed 2 years 5.34% 9.0 APRC £0.00 75%
BARCLAYS Existing Mortgage Customers Reward Buy-to-Let Fixed 5 years 4.34% 7.5 APRC £1795.00 65%
BARCLAYS Existing Mortgage Customers Reward Buy-to-Let Fixed 5 years 4.58% 7.4 APRC £0.00 65%
BARCLAYS Existing Mortgage Customers Reward Buy-to-Let Fixed 5 years 4.45% 7.5 APRC £1795.00 75%
BARCLAYS Existing Mortgage Customers Reward Buy-to-Let Fixed 5 years 4.73% 7.5 APRC £0.00 75%
BARCLAYS Existing Mortgage Customers Reward Buy-to-Let Tracker 2 years 6.59% 9.6 APRC £1795.00 65%
BARCLAYS Existing Mortgage Customers Reward Buy-to-Let Tracker 2 years 6.67% 9.6 APRC £1795.00 75%
BARCLAYS Existing Mortgage Customers Reward Buy-to-Let Tracker 2 years 7.20% 9.5 APRC £0.00 75%
BARCLAYS Existing Mortgage Customers Reward Buy-to-Let Tracker 2 years 7.89% 9.7 APRC £299.00 75%
BARCLAYS Existing Mortgage Customers Reward Buy-to-Let Fixed 2 years 5.55% 9.1 APRC £0.00 Over 75%
BARCLAYS Existing Mortgage Customers Reward Buy-to-Let Fixed 5 years 4.96% 7.6 APRC £0.00 Over 75%
BARCLAYS Existing Mortgage Customers Reward Buy-to-Let Fixed 2 years 5.65% 9.1 APRC £1795.00 60%
BARCLAYS Existing Mortgage Customers Reward Buy-to-Let Fixed 5 years 5.25% 7.7 APRC £1795.00 60%
BARCLAYS Existing Mortgage Customers Reward Buy-to-Let Tracker 2 years 6.80% 9.4 APRC £1795.00 60%

 

Barclays Mortgage Rate FAQs

How to get the lowest mortgage rate with Barclays?

To increase your chances of securing a low mortgage rate with Barclays, you need to consider several factors. These include your credit score, income, deposit amount, and the type of mortgage you choose. Here are some steps you can take to achieve this:

  • Improve your credit score by paying bills on time, paying down debts, and correcting errors on your credit report. Lenders use this score to evaluate your creditworthiness.
  • Save for a larger deposit, which reduces the lender's risk and increases the likelihood of receiving lower rates.
  • Shop around to compare mortgage rates from different lenders. You can use mortgage comparison websites or work with a mortgage broker to find the best deal.
  • Consider a fixed-rate mortgage, which offers a stable interest rate for a certain period and may have lower rates than variable rate mortgages.
  • Consider shorter mortgage terms, even if they come with higher monthly payments. Longer terms often have higher interest rates.
  • Provide accurate information about your income and expenses to lenders so they can assess how much you can afford to borrow.

Remember that the lowest mortgage rate is not always the most important factor. Consider the overall cost of the mortgage, including any fees and charges, and ensure that the mortgage terms and conditions are suitable for your needs. Barclays has many different mortgage types, look above to see what applies to your situation.

Are mortgage rates expected to drop?

It's difficult to predict whether mortgage rates will drop in the UK, as they are influenced by a wide range of factors, including economic conditions, housing market trends, and government policies. With all of those grains of salt taken, it does appear that mortgage rates are set to stop climbing and either hold steady or see a drop in late 2023 or into 2024.

However, here are some factors that may impact mortgage rates in the near future:

  • Economic conditions: The Bank of England's Monetary Policy Committee (MPC) sets the base interest rate, which can influence mortgage rates. The base rate is currently at a historic low of 0.1%, but if the economy shows signs of growth or inflation, the MPC may raise rates, which would increase mortgage rates.
  • Housing market trends: Supply and demand in the housing market can also affect mortgage rates. If there is high demand for housing and a shortage of supply, this may drive up property prices and mortgage rates.
  • Government policies: The UK government has implemented several policies to support the housing market and encourage homeownership, such as the Help to Buy scheme. Changes to these policies could impact mortgage rates.

While it's impossible to predict with certainty whether mortgage rates will drop in the UK, it's always a good idea to keep an eye on economic conditions, housing market trends, and government policies, and speak with a mortgage advisor to get the latest information and advice on securing the best possible mortgage rate for your situation.

Can I negotiate my mortgage rate with Barclays?

Yes, it is possible to negotiate your mortgage rate with Barclays. Lenders want to attract borrowers and retain their existing customers, so Barclays may be willing to negotiate on the interest rate or other terms of a mortgage to secure or keep your business.

However, the amount of negotiating power you have may depend on several factors, such as your credit score, income, deposit amount, and the current housing market conditions.

To negotiate a mortgage rate, you can follow these steps:

  • Research current market rates: Before negotiating with Barclays, research the current mortgage rates offered by other lenders in the market. This will give you a benchmark to compare your lender's offer to and give you leverage in the negotiation.
  • Improve your credit score: Lenders use your credit score to assess your creditworthiness, so having a good credit score can increase your chances of negotiating a lower mortgage rate. Ensure your credit report is accurate and up-to-date, and consider taking steps to improve your credit score.
  • Be prepared to negotiate: When speaking with your lender, be prepared to negotiate the interest rate or other terms of your mortgage. Highlight your strengths as a borrower, such as a good credit score or a large deposit, and use the current market rates you have researched to negotiate a better deal.
  • Consider working with a mortgage broker: A mortgage broker can help you find and negotiate the best mortgage deal for your circumstances. They have access to a wide range of lenders and can help you understand the pros and cons of each option. See our Best in Mortgage section for our Special Reports on the best brokers, companies, and products in mortgage.

Remember that negotiating a mortgage rate in the UK may not always be successful, but it's worth trying as even a small reduction in the interest rate can lead to significant savings over the life of the mortgage.

How do I ask Barclays for a lower interest rate?

If you want to request a lower interest rate from Barclays, you can follow these steps:

  1. Research current interest rates: Before approaching your bank, research the interest rates offered by other lenders in the market. This will give you an idea of what rates you can potentially negotiate with your bank.
  2. Check your credit score and payment history: Your credit score and payment history can affect your ability to negotiate a lower interest rate. Check your credit report to ensure it's accurate and up-to-date, and ensure that you have a history of making timely payments.
  3. Make a list of reasons why you deserve a lower rate: Identify factors that may make you a good candidate for a lower interest rate, such as a good credit score, a long-standing relationship with the bank, or a history of timely payments.
  4. Contact Barclays: Reach out to your bank by phone, email, or in-person and explain that you want to negotiate a lower interest rate on your loan. Provide the reasons you've identified for why you deserve a lower rate and ask what options they can offer.
  5. Be ready to negotiate: Your bank may offer you a lower rate, but it may not be the best rate available in the market. Be prepared to negotiate and ask for a better rate if you don't feel you're getting a good deal.

Remember that Barclays may not always agree to lower your interest rate, but it's worth asking. If you're not satisfied with the outcome of your negotiation, consider switching to a different lender that offers a more competitive rate.