NatWest, TSB, Coventry and Skipton push fixed mortgage rates higher ahead of today's Bank of England decision
Several major lenders raised fixed rates on 15 and 16 September, with NatWest lifting pricing by up to 43bps (its two-year fix at 60% LTV with no fee rose 36bps to 5.36%), TSB increasing residential fixes by up to 0.25% for the second time in a week, and Coventry and Skipton repricing their entire fixed ranges. The driver is wholesale funding: swap rates have been climbing as markets price in a greater risk that Bank Rate stays higher for longer after August inflation rose to 3.1%. For buyers, a mortgage offer secured before a reprice is now worth more, and affordability at higher loan-to-value is tightening; for sellers, it points to more price-sensitive buyers this autumn. These are lender moves, not a Bank Rate change, and today's MPC announcement could either confirm or ease the pressure.
What this means for…
Buyers· 3/3
Sellers· 2/3
Wider market· 2/3
Each axis scored 1 (minor) to 3 (major). Total 7/9.
More Rates commentary
15 Sept 2026 · Impact 7/9
Five big lenders reprice for a second time in September as the average two-year fix reaches 5.73%
10 Sept 2026 · Impact 5/9
Barclays cuts residential fixes by up to 20bps and adds 25bps to buy-to-let, a day after four lenders raised rates
9 Sept 2026 · Impact 7/9
Nationwide, TSB, Accord and Principality all raise mortgage rates as swap rates climb ahead of the September MPC
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