Two weeks of falling swaps have been reversed in full. The five-year is back within touching distance of its late-July peak, which cancels the downward repricing we were waiting for and puts the next move back on the upside.

GBP swaps fell for a second consecutive week, but one major buy-to-let lender has just repriced its whole five-year limited-company range upward. Lender pricing is still settling the July bill, not reading this week’s market.

GBP swap rates have fallen for the first time in over a month, giving back a chunk of July’s rise. Lender pricing hasn’t followed yet — product rates still reflect the peak, which is the gap worth watching.

Swaps have risen roughly forty basis points in a month and lenders have now passed part of it through: five-year limited-company BTL fixes have been reissued higher, and the cheapest no-fee options have gone.

GBP swap rates have been climbing steadily for a couple of weeks, which points to five-year fixed buy-to-let pricing edging up rather than down from here.

GBP swap rates have kept drifting higher through mid-July, but BTL fixed-rate pricing hasn’t moved yet — the repricing risk looks skewed upward.

Swaps chopped sideways at a slightly higher level, yet limited-company buy-to-let pricing repriced lower anyway - lenders look to be competing on margin, and the gap over our own lender has widened.

Swaps drifted a touch lower and the buy-to-let shelf held steady - last week’s competitive repricing has stuck, and the funding backdrop now gently supports it.

Swaps held steady but buy-to-let fixed pricing has eased - a broad round of competitive repricing lower across the market we watch.

A quiet week - swap rates and buy-to-let fixed pricing both held steady, with nothing to change our view.