Halifax, TSB, BM Solutions and Leeds raise fixed rates by up to 20bps on 28 July as swap-rate pressure builds

Halifax, TSB, BM Solutions and Leeds Building Society all lifted selected fixed rates by up to 20bps on 28 July, with Halifax's remortgage two-, three- and five-year fixes moving the most and homemover and first-time-buyer deals rising by as much as 15bps. The trigger is swap rates, which underpin fixed mortgage pricing: the two-year swap sat at 4.258% on 22 July against 3.993% a month earlier, and the five-year has climbed to 4.316%, pushing lenders to reprice upward. For buyers, deals secured earlier in the summer now look better than what is on the shelf today, so anyone mid-application may want to lock in before further moves; for sellers, marginally dearer borrowing trims buyer affordability at the edges. This is a repricing drift rather than a step-change, with Bank Rate unchanged and a single 20bps adjustment on selected products modest against the cuts seen earlier in the year.