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Barclays and NatWest announce mortgage rate cuts as market heats up amid May heatwave

ended 28. May 2026

A number of lenders have announced cuts to the main mortgage ranges, including :

Barclays 

NatWest

https://www.intermediary.natwest.com/content/dam/natwest_com/Intermediary/intermediary-rates/2026-05-29NewBusinessSRFINAL.pdf

Coventry BS (From 1st June) - Rates TBC

It looks like June may see some welcome headwind with rate improvements - do you think this will be a Strong Summer for borrowers and buyers?

Comments please

5 responses from the Newspage community

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Justin Moy
Managing Director at EHF Mortgages
Some significant cuts from a number of high street lenders, as swap rates improve and the likelihood of base rate increases in 2026 recedes. But it's so important for borrowers to act 'quickly' just in case, as we have seen so many times this year, rates can increase with little notice.

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Jack Tutton
Director at SJ Mortgages
This marks a significant shift in the market, with many lenders reducing some of their rates today. These widespread cuts are set to increase competition in the mortgage market as summer approaches, bringing welcome news for those planning to move in the coming months. Borrowing costs have fallen over the past month, leading to the reductions released today, and there is growing optimism that this trend will continue with further rate cuts expected in the near future.
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Dariusz Karpowicz
Director at Albion Financial Advice
Welcome news for once. Swaps are easing, base rate fears for 2026 are fading, and the high street has finally taken the hint. Barclays, NatWest and Coventry are all trimming rates, and the timing could not be better with summer and the buying season nearly here.
A word of caution though. Cheaper rates have a habit of vanishing as fast as they appear, so do not sit on your hands. If you are buying or coming to the end of a deal, get your numbers reviewed now and lock something in while the mood is good. Optimism is lovely, but a secured rate is better.
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Samuel Mather-Holgate
Managing Director & IFA at Mather and Murray Financial
The mortgage market is schizophrenic currently, with lenders increasing an decreasing rates week by week and movements within the market daily. It is great to see rates coming down, especially across leading lenders and coordinated moves. This could be a sign of things to come, but with geo-politics indirectly driving mortgage rates anything could happen whilst Trump is directing policy.
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Katy Eatenton
Mortgage & Protection Specialist at Eatenton Finance
Great news to get what tends to be a quiet time or year ramped up and moving in a positive direction. The downward direction of rates should give comfort to those coming of super low rates this Summer. I still encourage those hoping to move or remortgage this year to lock a rate in early, just in case things change