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Nationwide and Halifax increase mortgage rates

ended 23. March 2026

From tomorrow, Tuesday 24 March, Nationwide is increasing selected mortgage fixed and tracker rates by up to 0.30%.

Halifax is also implementing rate increases on all fixed rate products tomorrow.

  • How high will mortgage rates go?
  • Is Trump's announcement that an agreement with Iran is nearly there going to halt these rises?
  • Is it going to be another tough week of rate rises?

Responses asap.

5 responses from the Newspage community

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Editor
Stephen PerkinsVerified
Managing Director at Yellow Brick Mortgages
Despite mumbles from the white house suggesting war in Iran may be ending sooner rather than later, lenders seem to be hedging their bets by continuing to increase rates as the economic impact on the middle-east disruption starts to bite. Hopes of rates swiftly going back down may be wishful thinking.
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Editor
David StirlingVerified
Independent Financial Adviser at Mint Wealth
One diplomatic breakthrough won’t undo a week of market nerves and mortgage rates are still catching up with the chaos. Geopolitical turbulence continues, and these hikes from Nationwide and Halifax demonstrate how nervous the lenders are in the current market. Expect more lenders to pull products rapidly for the immediate future. Even whispers of peace abroad aren’t enough to bring calm to monthly repayments at home.
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Editor
Rohit KohliVerified
Director at The Mortgage Stop
Rates won't settle until the global uncertainty does - and that uncertainty has one very large, very loud source right now. Trump's latest Iran comments may cause a brief ripple, but markets have been burned before by announcements that don't hold. Until the chaos actually stops, lenders will keep repricing upward. Borrowers need to plan around that reality.
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Editor
Justin MoyVerified
Managing Director at EHF Mortgages
Decisions on interest rate changes are typically made 3 or 4 days in advance, so this latest round of increases reflects the markets' mood at the end of last week. Swap rates are still rising, Trump's announcement seems one-sided, and, inevitably, borrowers and businesses will suffer as inflationary pressures from high oil prices continue to make for a very uneasy situation. High Street lenders like Nationwide have little option but to undo the work of the last 3-4 months with higher rates yet again.
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Dariusz KarpowiczVerified
Director at Albion Financial Advice
The two biggest residential lenders raising rates tomorrow will set the tone for the rest of the market. When Nationwide and Halifax move, others follow. That much is predictable.
One diplomatic whisper from the White House about Iran won't undo a week of market nerves. Lenders are hedging their bets while the economic fallout from Middle East disruption starts to bite. If the turmoil drags on, expect more product pulls, further rate increases, and upward pressure on inflation. Your monthly repayments won't calm down just because someone mentioned peace abroad.