HSBC cuts fixed mortgage rates from 11 August as swap rates ease, with Santander and NatWest also trimming deals
HSBC began cutting fixed mortgage rates from 11 August across its residential, buy-to-let and international ranges, with Santander and NatWest also trimming selected deals. The trigger is swap rates - which underpin fixed pricing - easing back from 30-day highs, even as the Bank of England held Bank Rate at 3.75% on 30 July. For buyers, fixed deals are edging cheaper again after rising earlier this month; for sellers, slightly better affordability may help support demand. It is a modest repricing, not a decisive fall.
What this means for…
Buyers· 2/3
Sellers· 2/3
Wider market· 2/3
Each axis scored 1 (minor) to 3 (major). Total 6/9.
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