Nationwide, NatWest and Halifax lower mortgage rates and relaunch sub-4% fixes

by Aaron Strutt

Apr 21 2025

Nationwide for Intermediaries, NatWest and Halifax are the latest major lenders to reintroduce sub-4% fixed-rate mortgages, joining other banks such as Santander and Barclays.

Halifax has made rate reductions on its homebuyer and remortgage products including a sub-4% two-year fixed rate. Both NatWest and Halifax offer two-year fixed rates priced below 3.95%, available to borrowers with a 40% deposit, and each has a £999 arrangement fee.

NatWest has made numerous rate reductions across its fixed and tracker products. Although some fixed deals have seen cuts of 0.26%, one of the options to see its position improve the most has seen a smaller reduction of 0.13% and this is the five-year deal for borrowers with a 25% deposit. 

Halifax has also trimmed the price of its five-year fixed rate, available for those with a 20% deposit by up to 0.21%. It has also lowered its two-year fixed rate, available for borrowers with a 5% deposit by 0.19%.  

Nationwide’s lowest rates are available for mortgages between £300k and £5 million. It is good to see the society offering two, three and five-year fixes below 4%.

Aaron Strutt, product director at Trinity Financial, says: "The lenders are trying to get the property market moving again, especially now that they have been given the green light to offer more generous loan sizes by the government, and the Donald Trump effect has helped to reduce the cost of fixed rates.

"Many of the new cheaper sub-4% rates are available to borrowers buying a home rather than remortgaging, and this makes sense now that stamp duty is so much more expensive for many buyers. The recent affordability improvements by Halifax, Santander, and now HSBC will make a difference to many borrowers who cannot get a sufficiently large mortgage."

Call Trinity Financial on 020 7016 0790 to secure a mortgage, book a consultation, or complete our mortgage questionnaire. 

The information contained within was correct at the time of publication but is subject to change.

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