Overview
- NatWest cut its zero‑fee two‑year 95% LTV purchase fix from 4.81% to 4.69%, and Barclays reduced its comparable two‑year rate from 4.92% to 4.60%.
- Santander reduced first‑time buyer fixed deals at 85%–95% LTV by up to 0.32 percentage points, with starting rates around 3.92%.
- Nationwide lowered selected two‑, three‑ and five‑year fixes by up to 0.16 points last week, taking its lowest two‑year rate to 3.54%.
- Brokers point to falling two‑ and five‑year swap rates and market bets on a coming Bank of England base rate cut as the catalyst for the new competition.
- Lenders are prioritising high‑LTV and new‑build buyers while nudging up some lower‑LTV remortgage and home‑mover rates, with up to 1.8 million borrowers due to renew in 2026.