Nationwide, Virgin Money and HSBC cut fixed mortgage rates by up to 0.19% as summer repricing spreads

Nationwide cut fixed rates by up to 0.19% from 6 July, with Virgin Money down by up to 0.16%, HSBC by up to 0.16% and Accord trimming residential deals by up to 0.30%. Lenders are competing hard for summer business while markets expect the Bank of England to hold at 3.75% on 30 July. For buyers and remortgagers, sub-4% fixes are reappearing at larger deposits; for sellers, better-financed buyers help underpin demand. These are measured trims, not a step change in affordability.