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Barclays raises mortgage rates by 0.1% across the board

ended 09. March 2026

Barclays is raising its mortgage rates by 0.1% across the board, it has confirmed.

  • What is your reaction to the rises?
  • Are lenders going to keep raising rates?
  • Is it due to the Middle East war? Or any other reasons?

Responses asap please.

8 responses from the Newspage community

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Harry Goodliffe
Director at HTG Mortgages
The idea that mortgage rates this year were only heading one way takes another knock! Barclays slightly increasing rates by 0.1% across all its products shows they are reacting to global uncertainty and rising swap rates. This doesn't mean we are heading back to the rate shock of 2022, but it does show how fragile the outlook is.
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David Stirling
Independent Financial Adviser at Mint Wealth
Barclays are the first lender of the week to give borrowers the Monday blues as they nudge their rates up by 0.1%. This cautious shuffle upwards is a gentle reminder that lenders remain twitchy and in the global economy, geopolitical events can still drive the bills up on a semi in suburban Britain. Barclays won't be the last lender increasing this week sadly with rising oil prices, inflation worries and global tensions pushing markets northwards, the lenders will have to follow.
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Riz Malik
Independent Financial Adviser at R3 Wealth
It looks like the UK mortgage market continues to be impacted by the conflict in Iran, and it doesn't look like that will be letting up anytime soon. Barclays won't be the only lender looking to reprice this week, as traders are now betting on the potential for base rate increases rather than rate cuts. This is not good news for those looking to buy or for those whose deal ends in 2026.
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Justin Moy
Managing Director at EHF Mortgages
Lower than the average rate increases from Barclays starting tomorrow, but with ever-increasing Swap rates, it's likely we will see another wave of increases by the end of the week. Definitely time to jump on a deal before lenders have little option but to up rates once more.
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Dariusz Karpowicz
Director at Albion Financial Advice
Rates move in cycles, and after two years of cuts, anyone surprised by a 0.1% rise from Barclays hasn't been watching swap rates. Rising oil prices, geopolitical tension, and inflation worries are all feeding into the cost of fixed-rate money, and lenders have little choice but to follow.
Barclays won't be the last this week. If your deal ends in 2026 or you're buying soon, lock in now. Waiting for rates to fall further is a gamble the market is no longer offering.
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Emma Jones
Managing Director at Whenthebanksaysno.co.uk
Barclays is the latest lender to deliver a blow to borrowers. With traders now betting on a rate rise this year from the Bank of England to control the expected inflation caused by the soaring oil price, the outlook for the UK property and mortgage market has changed beyond recognition over the past week or so. The cost of living crisis could once again flare up and impact demand, just as things were starting to look a bit more positive for the property market.
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Shaun Sturgess
Director at Sturgess Mortgage Solutions
Though smaller increases than other lenders have delivered, these hikes from Barclays still show that the direction of mortgage rates is now very much up. At the end of February there was a feel-good factor in the mortgage market, with rates edging down and the Bank of England expected to cut the base rate again as we neared the inflation target. Events in the Middle East have now turned everything on its head and there are genuine worries that inflation could climb materially.
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Rohit Parmar-Mistry
Founder at Pattrn Data
A 0.1 point move sounds small, but it is a reminder that the mortgage market is still hostage to wholesale funding costs. If swap rates rise on global uncertainty, lenders reprice quickly, even before base rates move.

For households, the issue is timing and expectations. Anyone coming off a fixed deal in 2026 is still rolling from a low rate world into a higher one, and incremental increases add up over a 25 year term. It also matters for first time buyers on the margin, where affordability tests are tight and a few pounds a month can change what a bank will lend.

The wider read through is confidence. When big lenders reprice “across the board”, it signals they are protecting margins and managing risk, not chasing volume. Watch swap curves and lender competition this week. If others follow, it becomes a trend. If not, it is a tactical adjustment.

Source: https://app.newspage.media/news-alerts/barclays-raises-mortgage-rates-by-01-across-the-board