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Barclays joins the rate cut brigade

ended 16. February 2026

Barclays has followed hot on the heels of NatWest in reducing rates for FTBs, with a 2-year residential purchase mortgage (£0 product fee) at 95% LTV reducing from 4.92% to 4.60%. There are also some hikes, including on trackers, which suggests they're expecting Bank rate to come down. Your thoughts ASAP as writing this story now.  

3 responses from the Newspage community

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Editor
Riz Malik
Independent Financial Adviser at R3 Wealth
Given movements in the market and the end of last week and going into this one, there is greater likelihood of more lenders cutting fixed rate pricing by the end of the week. This is positive news for those looking to move but also positive news to those with the 1.8m fixed rates due to mature this year. I was recently with a client who was going to benefit from a £500+ per month reduction to his mortgage payment. If rate reductions continue, it could be a welcome relief to households up and down the country.
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Platinum
Elliott Culley
Director at Switch Mortgage Finance
Mortgage lenders are starting to feel more confident in the market and rates at higher loan to values are seeing large reductions as first time buyers are targetted. This is good news all round and follows on from strong confident comments from the Bank of England at their last meeting. If the inflation data this week is also positive, this could lead to a further wave of reductions.
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Premium
Jamie Alexander
Mortgage Director at Alexander Southwell Mortgages
Lenders are clearly fighting for first-time buyer business right now, and they're fighting hard. With swap rates easing and confidence building around future base rate cuts, high LTV lending is becoming more competitive. First-time buyers drive the entire housing chain, so this is a strategic push to stimulate transaction levels as we progress through 2026.