Nationwide has increased selected fixed rate mortgages, including a 4.54% two-year fixed homemover deal at 60% loan to value (LTV) with a £1,499 fee.
For first-time buyers, Nationwide now offers a 4.83% two-year fixed mortgage at 80% LTV with a £1,499 fee.
In the remortgage range, a 4.72% two-year fixed product at 60% LTV with a £1,499 fee is available following the changes.
Nationwide’s tracker range includes a 4.09% two-year tracker homemover product at 60% LTV with a £999 fee.
The highest rate for the repriced products is a 5.94% 10-year fixed remortgage at 90% LTV with no fee.
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Virgin Money increases rates by up to 35bps
Also from tomorrow, Virgin Money is set to increase rates in its purchase and remortgage range.
In its purchase range, two- and five-year fixed rates will be increased by up to 35 basis points (bps).
Its 10-year fixes will be increased by 20bps.
Virgin Money’s remortgage range will see increases to its two- and five-year fixed rates by up to 35bps.
The 10-year fixed rates will be increased by 20bps.
Coventry BS set to increase rates across resi and BTL ranges
For both new and existing borrowers, residential, buy-to-let (BTL) and limited company BTL rates will increase. The changes will come into effect from the evening of 16 July.
‘Some repricing was to be expected’
Nicholas Mendes, mortgage technical manager and head of marketing at John Charcol, said: “After the wave of cuts earlier this month, lenders are adjusting to a change in market conditions.
“The driver is funding costs. Swaps briefly dipped below 4% across the 1-5-year range at the start of July, which fuelled the round of cuts borrowers enjoyed just a week ago, but events in the Middle East have pushed them back up, with two-year swaps now at 4.179% and five-year at 4.26%.
“Lenders price off swaps, so some repricing was to be expected, and it’s worth keeping perspective. Rates remain well below where they were during the spike earlier this year, and the market has shown throughout 2026 that when conditions settle, lenders are quick to pass falling costs back to borrowers.”
He added: “For anyone with a mortgage decision ahead of them, the sensible approach is to secure a rate sooner rather than later. Products can typically be reserved up to six months before completion, and if pricing improves in the meantime, most lenders will allow a switch to the cheaper deal. That means borrowers can lock in certainty now without giving up the benefit if the market moves their way, which in a fast-moving week like this one is the best of both worlds.”
