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1Repair Windows errors before they cause bigger problems2Scan for outdated or missing drivers - takes under a minute3Clear out junk files and repair common Windows errorsBarclays was reported to be raising rates on 62 fixed-rate mortgage products from 2 October 2026, after an earlier increase that week. Some deals had risen by as much as 40 basis points since Monday, according to a weekly market roundup. The quoted rates are examples from contemporaneous UK mortgage trade reports, not a complete or live Barclays rate card.
What changed at Barclays
The reported effective date was 2 October 2026. The Intermediary reported that Barclays was increasing rates for the second time in the week, while Mortgage News Media counted 62 products rising and 46 deals being repriced for a second time during the week of 28 September to 2 October. The roundup said some increases reached 40 basis points (0.40 percentage points) since Monday. The Intermediary’s 1 October report and Mortgage News Media’s weekly roundup provide the contemporaneous figures.
Example of a 40bps increase
The weekly roundup’s example was a two-year purchase fixed rate at 60% loan-to-value (LTV) rising from 4.75% to 5.15%. LTV is the mortgage amount expressed as a proportion of the property value; at 60% LTV, the buyer would need a deposit or existing equity equal to the remaining 40%, subject to the lender’s valuation and eligibility rules. This is one reported product example, not evidence that every 60% LTV Barclays deal moved by the same amount. Mortgage News Media
A different reported 60% LTV example
Mortgage Solutions separately reported a 60% LTV purchase deal with an £899 product fee moving from 5.05% to 5.15%. Its higher starting rate does not reconcile directly with the 4.75% example: the reports do not provide enough product-level detail to establish whether the offers differ by fee structure or another feature. Treat them as separate examples, not competing quotes for a single product. Mortgage Solutions’ 1 October roundup
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Why the rate alone does not tell you which deal is cheaper
A headline rate is only one part of the cost and suitability comparison. A fair comparison needs to match the product type and fixed term, as well as LTV, fee, eligibility and the borrower’s circumstances. Purchase, remortgage and existing-customer product-transfer deals may not be interchangeable. A lower rate with a sizeable fee can cost more overall than a higher-rate, fee-free option, depending on the loan amount and how long the borrower keeps the deal.
- Product type: check whether the offer is for a purchase, remortgage or existing-customer transfer.
- Fixed term: compare the same initial fixed period.
- LTV: confirm the offer applies to the borrower’s loan-to-value band.
- Product fee: include any fee in the total-cost comparison and check whether it can be added to the loan.
- Eligibility: lender criteria and the borrower’s circumstances affect which products are available.
The two reported examples demonstrate why a single rate change cannot be applied to the entire Barclays range. The published reports do not contain the full schedule of the 62 products or enough information to rank Barclays’ complete range against other lenders.
Rank #2
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How the wider mortgage market was moving
The rise was reported amid broader repricing. Mortgage Soup attributed to L&C Mortgages a comparison showing that the average of the lowest two-year remortgage fixed rates offered by the UK’s ten largest lenders rose from 4.68% at the beginning of September to 5.11% on 30 September 2026. This is a market comparison, not a Barclays-only rate or a measure of all available mortgages. Mortgage Soup’s 1 October report
Mortgage Soup also reported an illustrative calculation from L&C Mortgages: a 0.43 percentage-point increase would add almost £50 a month, or around £600 a year, on a £200,000 repayment mortgage over 25 years. That is a calculation under those stated loan assumptions, not a personalized payment quote; actual payments depend on the product and borrower’s circumstances.
What borrowers should do
Because the reports are dated 1–3 October 2026 and mortgage rates can change quickly, the quoted rates should not be treated as live offers. The reports are secondary coverage, and no official Barclays bulletin or complete list of affected products was available in them. Before acting, check Barclays’ current product information or ask a qualified mortgage adviser to verify the product, rate, fee and eligibility that apply to your circumstances.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What Barclays said about the increase
The reports quote David Hollingworth, associate director at L&C Mortgages, saying: “Barclays’ latest move highlights just how quickly the mortgage market can change. Rising funding costs are putting pressure on lenders which may lead to further repricing in the weeks ahead.” This is a broker’s market assessment; it does not establish that Barclays identified rising funding costs as its official reason for this specific repricing.
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Rank #4
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
