HSBC and NatWest raise fixed mortgage rates as gilt yields hit an 18-year high above 5%
Moneyfacts confirmed on 7 September that HSBC and NatWest have raised fixed rates since the start of the month. Fixed pricing follows swap rates, and the 10-year gilt yield has pushed above 5% to an 18-year high, lifting lenders' funding costs. For buyers, a 0.25% rise adds £38 a month on a £250,000 loan; for sellers, it trims what bidders can stretch to. Only a handful of lenders have pulled deals, so this is repricing, not a 2022-style withdrawal wave.
What this means for…
Buyers· 3/3
Sellers· 2/3
Wider market· 2/3
Each axis scored 1 (minor) to 3 (major). Total 7/9.
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