Barclays cuts fixed rates by up to 66bps as Nationwide raises selected deals, with swaps back above 4%
Barclays has cut two-year fixes by up to 66bps — its fee-free 90% LTV deal now 4.79% — while Nationwide moved the other way, raising selected fixed and tracker rates by up to 0.35%. The split follows swap rates rebounding after briefly dipping below 4% earlier in July, with two-year swaps back near 4.18% amid Middle East tensions. For higher-LTV buyers some fixes are cheaper this week, but the direction is no longer one-way; for sellers, borrowing conditions are steady rather than easing. This is repricing, not a clean downward trend.
What this means for…
Buyers· 2/3
Sellers· 1/3
Wider market· 2/3
Each axis scored 1 (minor) to 3 (major). Total 5/9.
More Rates commentary
19 Oct 2026 · Impact 6/9
Average two-year fix rises to 5.93% as mortgage deals stay on sale for only 13 days, Moneyfacts finds
15 Oct 2026 · Impact 4/9
Barclays raises six fixed rates by up to 22bps, mostly for existing customers, while trimming 90% LTV purchase fixes by up to 10bps
14 Oct 2026 · Impact 5/9
NatWest and HSBC cut selected fixed mortgage rates from 15 October, with NatWest's 90% LTV five-year fix down to 5.39%
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