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Looking for comments on mortgage rates for I Paper

Journalist: Laura Purkess, Freelance

ended 15. June 2026

Hiya, are mortgage rates coming down ahead of the interest rate hold? Any examples? Saw Nationwide dropped by 0.28%.  Are they generally coming down and does anyone have a view on what might happen later in the year? Why? Thanks so much.

4 responses from the Newspage community

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Aaron Strutt
Product and Communications Director at Trinity Financial
Nationwide is making an unusual move by undercutting itself with these latest rate changes as the building society is already topping many of the best buy tables. I think this shows how keen the lender is to attract more customers and issue more mortgages at a time where many banks and building societies would prefer the property market to be a bit busier.
The lender will have the cheapest two-year home mover fixed rates on the market at 4.29% and the lowest five-year fix at 4.34% both for mortgages between £300,000 and £5 million. These rates have £1,499 arrangement fees and applicants need to have a 40% deposit to qualify. If you are on the hunt for a larger mortgage, then these rates will be hard to beat whether it’s through the deals offered to existing customers or private banks.
Nationwide was already offering many of the most competitively priced fixes and it is clearly looking to cement its place at the top of the best buy tables.
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Riz Malik
Independent Financial Adviser at R3 Wealth
The outlook for rates is strongly dependent on whether this peace deal is the end and on how long it will take for the energy supply to return to normalcy. If the base rate is the same before we start singing jingle bells, we should be thanking our lucky stars given the rises that were forecast during this war.
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Tracey Dixon
Buy-to-Let Mortgage Specialist & Owner at Pure Mortgage and Protection
The biggest change I'm seeing at the moment isn't mortgage rates—it's borrower confidence. Mortgage rates are often driven by expectations rather than events, which is why we've seen lenders reducing rates ahead of any Bank of England decision. Nationwide's recent rate cuts are another sign that competition between lenders remains strong.
What I'm noticing with clients is a shift in mindset. Earlier this year, many borrowers were delaying decisions in the hope rates would fall further. Increasingly, I'm seeing people move ahead with purchases and remortgages because they recognise that waiting for the perfect rate can mean missing opportunities.The recent tensions in the Middle East have created additional uncertainty for financial markets. However, inflation and expectations around future Bank of England policy remain the key drivers of mortgage pricing.Provided inflation continues to ease, I would expect mortgage rates to continue edging down.
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Elliott Culley
Director at Switch Mortgage Finance
Predictions at the start of the year were for the base rate to fall to potentially as low as 3%. The crisis in the middle East put an end to all those predictions and as a result we saw mortgage rates rise. As we near the end of the war, the expectation of many will be four mortgage rates to reduce. This certainly could happen in the short term as an end to the war would likely see inflation start to reduce. If inflation stays at a manageable level for the rest of the year than we could see mortgage rates reduce further still, but we are currently a long way away from that reality.