Mortgage rates drift lower as around 20 lenders cut fixed deals, three-year average at 5.28%

Moneyfacts data published on 29 June shows the average three-year fixed rate slipped to 5.28% over the week, with around 20 lenders — Nationwide, NatWest, Barclays, TSB and Santander among them — repricing downwards. The moves track falling swap rates after the Bank of England held Bank Rate at 3.75% on 18 June. For buyers, that means slightly more borrowing headroom; for sellers, marginally steadier demand. This is a modest drift, not a return to sub-4% deals.