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.
More Rates commentary
10 Aug 2026 · Impact 7/9
Santander and NatWest cut over 200 mortgage rates each by up to 25bps as HSBC follows
10 Aug 2026 · Impact 6/9
Average two-year fixed rate climbs to 5.63% as lenders reverse July's cuts, wiping out most of 2026's falls
3 Aug 2026 · Impact 6/9
Nationwide cuts selected fixed mortgage rates by up to 19bps, reversing July's hikes