Fixed rate mortgage hikes have been more pronounced this week, but as Moneyfacts spokesperson Caitlyn Eastell points out, there were some welcome rate cuts proposed towards the end, one of them being NatWest It was from.
The leading lender has reintroduced some sub-4% deals, with Eastel naming an “eye-catching” two-year fixed rate deal from NatWest. It is priced at 4.19% and is available at 75% loan-to-value for homebuying customers. , the £995 product fee is offset by a free evaluation incentive. 
Prominent brands reducing certain fixed interest rates this week include NatWest by up to 0.41%, Royal Bank of Scotland by up to 0.41%, First Direct by up to 0.10% and HSBC by up to 0.05% or The maximum discount is 0.10%. % for remortgage customers.
Banks raising interest rates include TSB up to 0.10%, Lloyds Bank up to 0.08%, Halifax up to 0.08%, First Direct up to 0.10%, Virgin Money up to 0.10%, Santander up to 0.20%, HSBC offers discounts of up to 0.07% on home purchases and up to 0.10% for mortgage customers.
Building societies also made some rate changes this week, with moves to reduce fixed fees including cuts of up to 0.19% for West Brom Building Society and 0.20% for Furness Building Society. West Brom Building Society increased its fixed interest rate by up to 0.13%, Cumberland Building Society by up to 0.15% and Leeds Building Society by 0.10%.
Additionally, several financial institutions have moved to reduce MPowered Mortgages by up to 0.30% and Gen H by up to 0.25%. Clydesdale Bank was subject to the hike of up to 0.25%, Kent Reliance was subject to the hike of up to 0.40%, and Atom Bank was subject to the hike of up to 0.25%.
Mr. Eastel concluded: “Despite recent rate hikes, average rates are lower compared to last month, so borrowers are likely to be repriced as swap rates are still trickling down, and some There may be no need to be too discouraged that interest rate hikes are still occurring.
“Nevertheless, while interest rate adjustments have been largely subdued and product selection has recovered for the first time since July 2024, which is an encouraging sign, it is important for both borrowers and lenders to consider future benchmark rate decisions and budgets.” will attract attention.''
