26 UK lenders shift pricing in a week as Moneyfacts says the rate-cut run has stalled

Moneyfacts's latest weekly rate watch (week to 15 May) shows 26 lenders moved pricing — 10 cuts, 8 increases and 12 product refreshes — with the average two-year fix easing slightly while the five-year fix edged up to 5.70%. Swap-rate volatility is splitting the field: larger lenders like NatWest and Santander keep competing hard, while smaller mutuals pass increases through. For buyers, the broad-based cut run that ran through March and April has plainly stalled; sellers should not assume affordability is on its way back. The 20 May CPI print will set the next direction.