Nationwide has just cut its mortgage rates for the fourth time in a month. NatWest, Santander, TSB, Barclays and HSBC all cut theirs this week too.

Here’s the twist: the Bank of England hasn’t moved. Base rate has been at 3.75% since December and two committee members actually voted to put it up last month.

So why are mortgages getting cheaper? Lenders are in a price war fighting each other for your business. And competitive windows like this don’t announce when they’re closing.

What this means for you

Fixed rate ending in the next six months? Secure a new deal now, you can do it up to six months early with no commitment. If rates fall again before you complete, we can usually rebook you onto the cheaper deal. Certainty locked in, upside kept.

Buying? The gap between 2-year and 5-year pricing is unusually small right now, so the extra security of a longer fix costs very little. We’ll run both for your situation.

Landlord? Buy-to-let rates were trimmed in this round too, which can ease the rental stress test, worth a review if a remortgage is coming up.

The bottom line

Don’t wait for the Bank of England, the lenders are already cutting. Secure a rate now, stay flexible if pricing improves.

Book in your free initial call with no obligation and we'll take a look at things for you. Two minutes, costs nothing.

Speak soon,

Philip