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
4 Sept 2026 · Impact 6/9
Five-year swap rates top 4.5% for the first time since October 2023, raising the risk of autumn mortgage repricing
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
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