HSBC joins Halifax, NatWest and Leeds in week-long wave of fixed mortgage rate cuts
HSBC's latest cuts took effect on 3 June, the newest in a week-long wave that has also seen Halifax, Lloyds, Coventry, NatWest and Leeds trim fixed rates. Swap rates have eased as markets settle on Bank Rate holding at 3.75% on 18 June rather than rising. For buyers, monthly budgets stretch a little further; for sellers, firmer affordability supports demand. It is a drift lower, not a return to the cheap rates of recent years.
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.
More Rates commentary
1 Sept 2026 · Impact 5/9
HSBC cuts fixed mortgage rates by up to 0.11% as lenders keep trimming into September
1 Sept 2026 · Impact 5/9
More than one million homeowners come off two-year fixes this year, facing £283 a month more on standard variable rates
21 Aug 2026 · Impact 6/9
Halifax cuts fixed mortgage rates from 24 August, with 60% LTV remortgage deals down 0.13%
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