This wave of repricing has been caused by the inflationary impact of the Middle East conflict, which has caused swap rates to soar and markets to speculate that expected Bank of England rate cuts will be cancelled.

The average two-year fixed rate is now 5.10%, up 26bps in a week, while the typical five-year fix is now 5.19%, a rise of 23bps.

Moneyfacts head of consumer finance Adam French said: “At least 530 residential mortgage products have been withdrawn since 9 March, representing around 7.5% of the market, although the pace of withdrawals has slowed as the week has gone on.

“While the scale is nowhere near the shock seen in the aftermath of the ill-fated mini-Budget of September 2022 when 935 products, which accounted for more than a quarter of the market at the time, disappeared in a single day. Borrowers are now seeing these changes feed through to pricing.

“The very cheapest deals are moving higher too. The lowest available residential mortgage rate currently stands at 3.78%, having risen from 3.51% at the start of March, and is now at its highest level since April 2025.

“The scale of repricing across the mortgage market has been substantial. Many lenders have either withdrawn products or relaunched them at higher rates while they reassess pricing in response to the ongoing market volatility.”

Accord Mortgages increased some fixed rates by as much as 58bps, while Aldermore and LendInvest also introduced substantial increases.

Several lenders have temporarily withdrawn some or all their mortgage ranges, including Cumberland Building Society, Family Building Society, Skipton Building Society and Perenna, as they push pause to reassess pricing before relaunching products.

Noteable rate changes

Accord Mortgages – Selected fixed rates increased by up to 28 bps. Variable tracker rates increased by up to 4 bps. Then fixed rates increased by up to 58bps.

Aldermore – Selected fixed rates withdrawn and some relaunched at higher rates. Fixed rates increased by 61bps.

April Mortgages – Fixed rates increased by up to 35bps.

Atom Bank – Near prime fixed rates increased by 25bps. All other fixed rates increased by 30bps.

Bank of Ireland Intermediaries – Selected fixed rates withdrawn and relaunched at higher rates

Bank of Ireland UK – Selected fixed rates increased by up to 18bps. Selected fixed rates withdrawn

Barclays Mortgage – Selected fixed rates increased by 10bps. Then selected fixed rates increased by up to 30bps.

Buckinghamshire Building Society – Selected fixed rates withdrawn. Fixed rates increased by up to 50bps. Discounted variable rates increased by 20bps.

Chorley Building Society – fixed rates withdrawn and relaunched at higher rates.

Clydesdale Bank – Selected fixed rates increased by up to 36bps.

Coventry Building Society – Fixed rates increased by up to 20bps.

Cumberland Building Society – Mortgage range temporarily withdrawn.

Darlington Building Society – Selected fixed rates withdrawn and relaunched at higher rates

Family Building Society – Fixed rates temporarily withdrawn.

first direct – Fixed rates increased by up to 20bps, then by 25bps

Foundation – Selected fixed rates increased by up to 10bps. Selected fixed rates withdrawn.

Furness Building Society – Fixed rates increased by 25bps.

Gen H – Selected fixed rates increased by 10bps. Selected fixed rates withdrawn.

HSBC – Fixed rates increased by 20bps.

Halifax – Selected fixed rates increased by 38bps. Variable tracker rates increased by 10bps.

Kensington – Selected fixed rates withdrawn.

Leeds Building Society – Selected fixed rates increased by up to 30bps. Some products withdrawn and relaunched.

Leek Building Society – Selected fixed rates increased by 10bps. Then fixed rates increased by 20bps.

LendInvest Mortgages – Fixed rates increased by up to 50bps.

Lloyds Bank – Selected fixed rates increases by 38bps. Variable tracker rates increased by 10bps.

Marsden Building Society – Selected fixed rate withdrawn.

NatWest – Fixed rates increased by up to 35bps.

NatWest Int Sols – Fixed rates increased by up to 35bps.

Nationwide Building Society – Fixed rates increased by up to 20bps.

Newcastle Building Society – Some fixed rates withdrawn. Selected fixed rates increased by up to 40bps.

Nottingham Building Society – Some fixed rates withdrawn. Selected fixed rates increased by 13bps. Then fixed rates increased by 20bps.

Penrith Building Society – Fixed rate range temporarily withdrawn

Perenna – Range temporarily withdrawn

Principality Building Society – selected fixed rates increased by 30bps. Then fixed rates increased by 20bps.

Progressive Building Society – Selected fixed rates increased by up to 43bps.

Royal Bank of Scotland – Fixed rates increased by up to 35bps.

Saffron Building Society – Selected fixed rates withdrawn

Santander – Selected fixed rates increased by up to 24bps. Variable tracker rates increased by up to 20bps.

Scottish Building Society -Selected fixed rates withdrawn and relaunched at higher rates. Selected variable rates withdrawn

Skipton Building Society – Range temporarily withdrawn

TSB – Selected fixed rates increased by up to 15bps. Then fixed and variable rates increased by 50bps.

The Co-operative Bank for Ints – Fixed rates increased by up to 20bps.

Tipton & Coseley Building Society – Fixed rates increased by 25bps

Vernon Building Society – Mortgage range temporarily withdrawn and relaunched at higher rates

Vida Homeloans – Mortgage range temporarily withdrawn and relaunched at higher rates

Virgin Money – fixed rates increased by up to 21bps

West Brom Building Society – Some fixed rates withdrawn. Selected fixed rates increased by 15bps. Fixed rates increased by up to 85bps.

Yorkshire Building Society – Fixed rates increased by up to 46bps, then by up to 58bps. Variable tracker rates increased by 5bps.