Several major UK lenders have recently announced reductions to selected mortgage rates, including Nationwide, HSBC and Santander.
The latest changes come as lenders continue to update mortgage products across the market, with reductions affecting selected fixed-rate deals for first-time buyers, home movers and remortgage customers.
Nationwide cuts rates by up to 0.36%
Nationwide Building Society has confirmed cuts of up to 0.36% across selected mortgage products, with the new rates taking effect from 12 May 2026.
The changes apply to:
- First-time buyer mortgages
- Home mover products
- Remortgage deals
- Existing customer switcher products
Examples of Nationwide’s updated rates include:
- Five-year fixed rate at 90% loan-to-value reduced to 4.89%
- Five-year fixed rate at 85% loan-to-value reduced to 4.79%
- Two-year fixed rate at 85% loan-to-value reduced to 4.69%
Nationwide also confirmed its lowest available mortgage rate is now 4.35%.
Other lenders have also reduced rates
Nationwide’s latest announcement follows a number of recent mortgage pricing updates across the wider lending market.
HSBC and Santander have both confirmed reductions across selected products within their mortgage ranges, with changes affecting residential and buy-to-let borrowers.
What this means for borrowers
For borrowers currently searching for a mortgage, reviewing an existing deal, or approaching the end of a fixed-rate period, there may now be a wider range of products available to compare.
Mortgage rates, fees, eligibility criteria and lending requirements can vary significantly between lenders and individual circumstances.
How we can help
Richard Kendall work closely with independent, fully qualified mortgage specialists to ensure you receive professional and high standards of service. They can help clients review mortgage options based on their individual circumstances and requirements.
Whether you are:
- Buying your first home
- Moving house
- Looking to remortgage
- Reviewing your current mortgage deal
Our team can help you understand the products available and explore the options suited to your needs.
If you would like to speak to a member of the team, get in touch today.
As a mortgage is secured against your home, it may be repossessed if you do not keep up the mortgage repayments. This site is intended for UK residents only and the laws of England are applicable.
