NatWest cuts mortgage rates for a third time in a fortnight as lenders keep trimming fixed deals
NatWest cut selected residential and buy-to-let rates by up to 15bps from 8 June, its third reduction in a fortnight, with TSB, Halifax and Santander also repricing down. The moves track easing swap rates and competition ahead of remortgage season, not any Bank Rate change, which holds at 3.75%. For buyers, more sub-5% two-year fixes improve affordability at the margin; for sellers, cheaper finance supports demand. But this is margin-trimming, not a base-rate fall, and could stall if swaps turn.
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
19 Oct 2026 · Impact 6/9
Average two-year fix rises to 5.93% as mortgage deals stay on sale for only 13 days, Moneyfacts finds
15 Oct 2026 · Impact 4/9
Barclays raises six fixed rates by up to 22bps, mostly for existing customers, while trimming 90% LTV purchase fixes by up to 10bps
14 Oct 2026 · Impact 5/9
NatWest and HSBC cut selected fixed mortgage rates from 15 October, with NatWest's 90% LTV five-year fix down to 5.39%
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