Barclays makes new announcement for customers 'from Wednesday'

Barclays makes new announcement for customers 'from Wednesday'Skipton Building Society has also given customers and updateCommentsMoneySteven Smith Content Editor11:39, 21 Apr 2026View 3 ImagesBarclays is making some mortgage rate reductions from Wednesday(Image: Mike Egerton/PA)Customers of Barclays have been given good news in a new update. More mortgage lenders have announced rate cuts after a slew of reductions last week.‌Barclays said it was cutting rates across more than 20 mortgage products from Wednesday. The reductions include a two-year fixed-rate home buyer mortgage being reduced from 4.95% to 4.60%, for people with a 40% deposit. The product has a £899 fee.‌A five-year fixed-rate home buyer mortgage for people with a 20% deposit will decrease from 5.11% to 4.96%. The deal has no product fee.‌Skipton Building Society will also reduce mortgage rates from Wednesday, as well as launching some new products. Several lenders, including HSBC UK, Halifax Intermediaries, Santander and TSB made reductions last week amid the easing environment for swap rates, which are used by lenders to price mortgages.View 3 ImagesSkipton Building Society is also making changes(Image: Mike Egerton/PA)The conflict in the Middle East prompted market volatility and uncertainty about the future of interest rates. Financial information website Moneyfacts said average two and five-year homeowner mortgage rates on Tuesday morning were unchanged from Monday.‌But while some average rates appear to have reached a plateau in recent days, they have increased significantly in recent weeks. The average two-year fixed-rate homeowner mortgage was 4.83% at the start of March and 5.87% on Tuesday morning.The average five-year fixed-rate homeowner mortgage has risen from 4.95% at the start of March to 5.76% on Tuesday morning, according to Moneyfacts.View 3 ImagesMortgage rates have risen(Image: Oscar Wong via Getty Images)Article continues belowJen Lloyd, head of mortgage products and pro...