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.