Overview
- Nationwide increased selected fixed deals by up to 0.19 percentage points, Virgin Money by about 0.14–0.15 points, and Santander by up to 0.07 points.
- The moves follow a January stretch of aggressive cuts that saw leading fixed rates slide from roughly 4% to around 3.5% on some deals.
- Brokers say higher SONIA-linked swap rates and stickier inflation have raised funding costs, prompting lenders to pull and reissue products.
- Barclays and NatWest have also raised some fixed rates, reinforcing signs that the recent bout of heavy discounting has cooled.
- Advisers urge borrowers with renewals or purchases approaching to compare options now and consider locking a rate up to six months in advance.