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Barclays and Halifax kick off the week with more rate hikes

ended 21. September 2026

Barclays mortgage product changes

For new lending, you have 9 days to package a case and submit after securing the rate (see full dates and details below).

From tomorrow, Tuesday 22 September, we are increasing rates on a selection of our residential remortgage and reward products.

In addition, we will be withdrawing a selection of products across our residential purchase, remortgage and reward ranges.

We are also reducing the rate on one Family Springboard product within our residential purchase range.

Please see the rate overview guide for information of all our product changes.

 

Halifax Intermediaries
product changes – Tuesday 22 September 2026 

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Homemover and First time buyer  Rate increases of up to 0.11% on 2,3, 5 and 10 year fixed rate products
Remortgage


 

 

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All 18 month fixed rate products withdrawn
•
Rate increases of up to 0.10% on 2, 3 and 5 year fixed rate products

6 responses from the Newspage community

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Aaron StruttVerified
Product and Communications Director at Trinity Financial
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Barclays and Halifax have kicked off the week with more rate hikes. Hopefully the market will calm down soon because the changes have been constant and they are causing a lot of stress now.
The Barclays remortgage rates were pretty cheap, so it isn’t a surprise they went up. The main change is to the 4.66% two-year fix for Premier customers with a £999 product fee and it increases to 4.91%.
Halifax will only have a few sub-5% fixes after this change and they are available to borrowers with a 40% deposit. The lender's cheapest rates will be a 4.90% two-year fix, a 4.93% three-year fix and a 4.98% five-year fix. The bank also has a two-year tracker at 4.06%. It is interesting Halifax is pulling the 1.5 year fixes, because these rates were popular with borrowers who thought rates were going to get cheaper over the near term and did not want to lock in for two or five years. Barclays still has the 3.99% two-year best buy tracker.
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Adam StilesVerified
Managing Director at Helix Financial Partners
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The rate hikes just keep coming. Halifax and Barclays increases are not a surprise, and we expect more to come. The upside is they've given a bit of notice, where many lenders have been pulling rates with an alarming lack of notice, emphasising the volatility we are seeing in the market.
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Ranald MitchellVerified
Director at Charwin Mortgages
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This is becoming a market where hesitation can cost borrowers real money. Barclays and Halifax are the latest major lenders to push rates higher, adding to a wider round of increases across the market as funding costs and swap rates remain under pressure. Borrowers and brokers need to be on their A-game. A rate available this morning can disappear tomorrow, and in a rising market there is real danger in waiting for something better that never arrives. Anyone within six months of their mortgage ending should be reviewing options now. Secure a deal where appropriate, keep monitoring the market and move again if something better appears before completion. This is a classic snooze-and-you-lose market. Rates are shooting off in the wrong direction and borrowers who leave it late risk paying the price.
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Stephen PerkinsVerified
Norwich Mortgage Broker and Managing Director at Yellow Brick Mortgages
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These changes are another reminder that borrowers need to watch more than just the headline rate. When lenders withdraw products as well as increase pricing, the choice available can narrow very quickly.

A 0.10% increase may not sound dramatic in isolation, but if the most suitable deal disappears altogether the impact can be much greater. Anyone approaching the end of a fixed rate should review options early rather than assume today’s product range will still be there in a few weeks.
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Dariusz KarpowiczVerified
Director at Albion Financial Advice
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The pattern of the last few weeks is hard to miss: lenders raising rates, Sonia swaps drifting up, and global uncertainty feeding both. Barclays moving a 4.66% two-year fix to 4.91% is the mild version of what is coming.

Nothing on the horizon suggests relief, and that is the worry. If swaps hold where they are, today's pricing will look generous by November. Anyone within six months of their deal ending should secure something now and review again before completion. Waiting for a better rate that never arrives is the costly option.
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Jamie ElvinVerified
Director at Strive Mortgages
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The direction of travel is becoming increasingly clear. Rates are edging higher and, just as importantly, lenders are withdrawing products, which means borrowers can’t assume today’s options will still be available tomorrow. Anyone approaching the end of a fixed deal should be reviewing their position now rather than waiting for the market to improve. Securing a suitable rate early can provide a valuable safety net, while still leaving scope to reassess if a better option becomes available before completion. With Halifax withdrawing its 18-month fixes and increasing rates across two, three and five-year products, flexibility is becoming just as important as the headline rate. In this market, waiting on the sidelines could prove expensive.