Barclays Announces New Lower Fixed Mortgage Rates for Purchases and Remortgages: July 2025 Update

Introduction: Key Changes from Barclays for Mortgage Borrowers

Barclays has announced a range of significant interest rate reductions across its fixed-rate mortgage products, effective from Friday, 18 July 2025.

These updates include decreases in rates for both purchase and remortgage options, as well as within the popular Reward mortgage range. For prospective homeowners, remortgagers, and those looking to reward their loyalty, these changes could offer substantial savings. Below, we break down the latest Barclays mortgage product updates, who benefits most, and why this lender remains a strong choice for UK borrowers.

New Fixed-Rate Mortgage Products: July 2025 Barclays Rate Reductions

Barclays is implementing rate drops on key fixed-rate products. Here are the main highlights across their core offerings:

• Purchase Mortgages:
  • 2 Year Fixed, 60% Loan-To-Value (LTV): New rate: 4.03% (decreased from 4.09%), £0 product fee, min loan £5,000, max £2 million
  • 3 Year Fixed, 75% LTV: New rate: 4.07% (decreased from 4.09%), £899 product fee, min loan £5,000, max £2 million
  • 5 Year Fixed, 60% LTV: New rate: 3.91% (decreased from 3.99%), £899 product fee, min loan £5,000, max £2 million
• Remortgage Mortgages:
  • Great Escape™ 2 Year Fixed, 60% LTV: New rate: 4.03% (decreased from 4.14%), £0 product fee, min loan £50,000, max £2 million
  • 2 Year Fixed, 60% LTV: New rate: 3.79% (decreased from 3.84%), £999 product fee, min loan £5,000, max £2 million
• Reward Mortgages (EMC):
  • 2 Year Fixed, 60% LTV (EMC Reward, £0 fee): New rate: 4.02% (decreased from 4.12%), min loan £1,000, max £2 million
  • 2 Year Fixed, 60% LTV (EMC Reward, £999 fee): New rate: 3.78% (decreased from 3.83%), min loan £1,000, max £2 million

For a full listing, see Barclays’ rate overview guide and up-to-date intermediary rates.

Who Benefits Most From the New Barclays Mortgage Rates?

• First-time buyers: The reduced fixed rates with low or zero fee options make it easier to lock in certainty at affordable entry points.
• Home movers and those remortgaging: Improved rates in the Great Escape™ and remortgage range help existing borrowers secure a better deal, especially for those with significant equity (60% LTV).
• Loyal Barclays customers: Special Reward rates are ideal for long-standing or returning clients.
• Borrowers seeking large loans: Maximum loan amounts of up to £2 million cater to those moving up the property ladder or refinancing high-value homes.

Understanding Barclays’ Great Escape™ and Reward Mortgage Features

• Great Escape™ remortgage: Designed for those moving from another lender — features competitive rates and £0 product fee, helping to minimise switching costs.
• EMC Reward Products: Barclays offers preferential rates and fees for returning or loyal borrowers, rewarding those who choose to stay with Barclays for their mortgage needs.

Why Choose Barclays for Your Next Mortgage?

• Consistent Rate Reductions: Barclays’ regular rate reviews ensure products remain competitive in the UK mortgage market.
• Range of Fixed-Rate Terms: Choose from 2-, 3-, or 5-year fixed deals to suit your circumstances and market outlook.
• Flexible Loan Sizes: Catering to both modest and high-value borrowing requirements.
• Reward and Switching Offers: Benefit from exclusive rates and cost-saving features, including products with no fees for certain cases.
• Strong Industry Reputation: Trusted as a major UK mortgage lender, with well-established support for both new buyers and existing homeowners.

Conclusion: Secure a Competitive Barclays Mortgage – Get Personalised Advice

If you’re looking for a new mortgage, remortgage, or to reward your ongoing relationship with Barclays, these revised rates represent a timely opportunity to secure a competitive deal. Every borrower’s situation is unique, so we recommend contacting our expert mortgage advisors for tailored recommendations and up-to-date Barclays mortgage options. Click to speak with our team today and explore your next steps in the home buying, investing, or remortgaging journey.

FAQs: Barclays July 2025 Mortgage Updates

• Who qualifies for the new Barclays fixed-rate mortgage products?
  Eligibility is based on criteria such as minimum deposit or equity (at least 25-40%), adequate income, and passing Barclays’ affordability and credit checks.
• How do these rate changes affect my monthly repayments?
  Lower fixed rates generally mean reduced monthly payments or the ability to borrow more affordably if other circumstances remain the same.
• Are Barclays mortgages suitable for remortgaging from another lender?
  Yes. The Great Escape™ remortgage is designed for switchers, with reduced rates and little to no product fees to save you on moving costs.
• What are Reward mortgage products and who can access them?
  Reward products typically offer better rates or lower fees for loyal Barclays customers or returning borrowers. Check your eligibility before applying.
• How do I apply or check if I qualify for these rates?
  Contact our qualified mortgage advisors for a quick assessment and support throughout your application.