NatWest, Landbay and Molo cut mortgage rates on 9 July as lender competition intensifies
On 9 July, NatWest, Landbay and Molo became the latest lenders to cut fixed mortgage rates, after six lenders repriced within 24 hours earlier in the week. The cuts track falling swap rates, which lower lenders funding costs and sharpen competition. For buyers, that means slightly cheaper payments and more sub-4.4% five-year fixes; for sellers, firmer affordability can support demand. But this is competitive repricing, not a base-rate cut — the Bank holds at 3.75% until 30 July.
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
5 Oct 2026 · Impact 8/9
Average five-year fixed mortgage rate hits 6% for the first time since 2023, as sub-5% deals fall from 1,494 to nine
2 Oct 2026 · Impact 7/9
Average two- and five-year fixed mortgage rates climb to 5.96% and 5.98%, close to 6%
1 Oct 2026 · Impact 6/9
Barclays raises 62 mortgage deals for the second time in a week, with some fixed rates up 40bps
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