Barclays has announced a fresh round of mortgage rate reductions.

Following its move in April to become the first major player to offer rates below 4%, the bank has now brought a further six products under that threshold, including options for existing customers.

75% LTV REMORTGAGE

The largest single reduction in this latest tranche will see a 33 basis point cut applied to a two-year fixed remortgage deal at 75% loan-to-value (LTV), with a £999 product fee. The rate will fall from 4.52% to 4.19%.

In the residential purchase range, notable decreases include the Premier two-year fixed rate at 60% LTV with an £899 fee, which will drop from 3.98% to 3.91%, and the standard two-year fixed rate at the same LTV and fee, falling from 3.99% to 3.92%. Five-year fixed rates have also seen adjustments, with a Premier 60% LTV product reducing from 3.98% to 3.92%.

ENERGY EFFICIENCY

Green Home mortgages, aimed at more energy-efficient properties, have not been left out. The five-year fixed rate at 60% LTV with an £899 fee will now be offered at 3.83%, down from 3.89%, while the two-year fixed rate at 60% LTV with no fee will decrease from 4.14% to 4.08%.

Remortgage customers are also set to benefit. Premier two-year fixed rates at 60% LTV with a £999 fee will reduce from 4.20% to 3.95%, while a standard five-year fixed remortgage at the same LTV and fee will drop from 4.13% to 3.96%.

Barclays is extending these reductions across its Great Escape range, which offers fee-free options designed to ease the remortgaging process, and its Existing Mortgage Customer (EMC) Reward range. Within the EMC Reward range, a two-year fixed rate at 60% LTV with a £999 fee will now be available at 3.95%, down from 4.06%.

The bank said the new rates reflect its continued commitment to offering competitive deals across both purchase and remortgage markets, at a time when customers are increasingly sensitive to cost pressures.

A spokesperson for Barclays said: “After being the first major lender to go sub-4% in April, we’re pleased to bring an additional six products under 4%, including for existing mortgage customers.”

The reductions will offer a timely boost to borrowers facing affordability challenges amid lingering economic uncertainty and fluctuating interest rate expectations.

The full list of changes spans multiple LTV bands and product types, with cuts across two-year and five-year fixed terms, including options with and without product fees. In many cases, borrowers at 75% and 85% LTVs will see meaningful reductions, providing more choice for those with smaller deposits or equity stakes.