Here’s Your Best Rates June 2026
The picture in June is more encouraging than it has been for several months. After the sharp rate increases that followed the escalation in the Middle East, lenders have now largely corrected their earlier overreaction, and for borrowers, that means more competitive pricing is back on the table.
Six-plus mainstream lenders including NatWest, Barclays, TSB and Santander have cut fixed rates in recent weeks as swap rates have eased from their peak. The best two-year fixed rate in the market is now sitting at 4.40% for those with 40% equity or deposit, well below the averages being quoted in the press.
The key dynamic to understand right now is that lenders are competing hard for business again. When swap rates spiked earlier this year, many lenders priced defensively and pulled deals to protect their margins. As markets have stabilised, that overpricing is being unwound – and once one lender starts cutting, others follow quickly to stay competitive. That process is still playing out, and further modest reductions are possible in the weeks ahead.
That said, the outlook remains uncertain. The Bank of England holds its next base rate decision on 18 June, and with some forecasters now pricing in a possible rate rise before the end of the year, volatility hasn’t gone away. The window of improving rates may not stay open indefinitely.
Here’s your best rates in the market today:
If your current deal is ending in the next six months, now is the time to act. We can secure a rate today and keep your options open if pricing improves further.
