UK mortgage rates shift as major lenders diverge on pricing
UK mortgage lenders are split again. NatWest will hike some rates from Thursday, while Barclays and Santander are cutting some products. The moves show lenders are still responding to choppy funding costs, not the Bank of England’s steady base rate. The split is important as a big refinancing wave has started. UK Finance expects 1.8 million fixed-rate mortgages, where borrowers have a set interest rate for a period, will end in 2026. That will push households to choose whether to lock in a deal now or gamble on how the market moves.