Best Fixed Rate Mortgages

Home Mortgages Fixed Rate Mortgages

Guaranteeing that your Mortgage repayments stay the same over a fixed period of time, Fixed Rate Mortgages can offer several years of repayment security depending on the length of the term chosen.

Moneyfactscompare.co.uk has been providing comprehensive comparison charts to the public for over 25 years. Ready to compare rates? Use our chart below to begin comparing the best fixed rate mortgage deals today.

Other mortgage terms

Note

Mortgage Advice Bureau offers fee free mortgage advice for Moneyfacts visitors that call on 0808 149 9177 or email moneyfacts@mab.org.uk. If you contact Mortgage Advice Bureau outside of these channels you may incur a fee of up to 1%.

Any contractual relationship will be with Mortgage Advice Bureau.

Disclaimer

Credit will be secured by a mortgage on your property. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Written quotations are available from individual lenders. Loans are subject to status and valuation and are not available to persons under the age of 18. All rates are subject to change without notice. Please check all rates and terms with your lender or financial adviser before undertaking any borrowing.

Provider Links

Links like ‘Go To Provider's Site’ or ‘Speak to a Broker’ connect you to providers or brokers we work with, for which we may receive a commission if you click or apply.

Favourites

Clicking the heart icon marks a product as a favourite for 14 days (if cookies are enabled), allowing you to filter and sort favourites at the top of the list.

Fixed rate mortgages explained

A fixed rate mortgage guarantees that your mortgage payments will stay the same over a set period of time until the fixed term ends. Fixed mortgages typically have an initial period that can run from two years to ten years, giving you several years of repayment security.

How long should you fix for?

Pros and cons of a short-term fixed mortgage

You can budget effectively, safe in the knowledge that for the agreed fixed term period your mortgage repayments won’t change.
You are protected from unexpected interest rate rises during the fixed period.
You are not ‘locked in’ to a set interest rate for more than a few years, enabling you to seek a new deal if there is a better offer available.

You are likely to have a higher interest rate for a fixed rate compared to a discounted variable rate mortgage.
You could incur additional fees each time you need to remortgage, which will likely be more often with a shorter-term fixed mortgage.
If interest rates were to fall further, you will not benefit as you may be locked into a higher rate.

Pros and cons of a longer-term fixed mortgage

You can budget long-term with mortgage repayments that are unchanging over the fixed term of the deal.
If interest rates rise, you will benefit from being locked into a cheaper rate.
You still have the option of overpaying to chip away at your mortgage faster if you have the funds.

You will be ‘locked in’ with an interest rate for a considerable period of your mortgage. This means that you won’t be able to take advantage of favourable changes in interest rates.
Your circumstances are more likely to change over the long term and if you need to repay your mortgage early you may be subject to early repayment fees throughout the fixed term.

How much deposit do I need for a fixed rate mortgage?

The level of deposit that you need for any mortgage deal depends on both the value of the property you are buying and the mortgage deal you opt for. All mortgages have something called a loan-to-value (LTV) level that determines how much of a deposit or equity you need.

For example, mortgages for first-time buyers tend to have an LTV between 90% and 100%. With a 100% LTV deal, you don’t need a deposit at all (but you might well find that you pay a lot more than someone who does), while a 95% or 90% LTV product will mean you need to have a deposit equal to 5% or 10% of the property value.

In this example, let’s assume you are buying a house worth £150,000 with a first-time buyer deal at a LTV of 95%. You’ll need to have a minimum deposit of £7,500 (5% of £150,000) to obtain this deal. Higher values and lower LTVs mean you need a bigger deposit.

People looking to remortgage need to have as much equity in their home as the LTV demands. So for example, if you have a home worth £200,000 and there’s £100,000 left to pay on your mortgage, you have an equity level of 50%, meaning you can choose remortgage products with LTVs as low as 50%.

Typically, the best fixed mortgage rates UK providers offer are reserved for borrowers with a larger deposit.

Should I speak to a mortgage broker?

Mortgage brokers remove a lot of the paperwork and hassle of getting a mortgage, as well as helping you access exclusive products and rates that aren’t available to the public. Mortgage brokers are regulated by the Financial Conduct Authority (FCA) and are required to pass specific qualifications before they can give you advice.

Speak to an award-winning mortgage broker today

MAB is the preferred mortgage broker of MoneyfactsCompare

_{Get friendly, expert advice free of charge as a visitor of MoneyfactsCompare}

_{Mortgage Advice Bureau have 1,600 UK advisers with 200 awards between them.}

Speak to an award-winning mortgage broker today.

Call 0808 149 9177 or request a callback

_{Mortgage Advice Bureau offers fee free mortgage advice for MoneyfactsCompare visitors that call on 0808 149 9177. If you contact Mortgage Advice Bureau outside of these channels you may incur a fee of up to 1%. Lines are open Monday to Friday 8am to 8pm and Saturday 9am to 1pm excluding bank holidays. Calls may be recorded.}

_{Your home may be repossessed if you do not keep up repayments on your mortgage.}

Can I pay off my fixed rate mortgage before it ends?

Fixed rate mortgages typically come with an early repayment charge (ERC). This is usually a percentage of your total outstanding mortgage balance. The percentage decreases each year as you get closer to the term ending. In some cases, you can save money overall by remortgaging early, but only if you can find a rate that still saves you enough in interest after paying your ERC. A mortgage broker can help you to work out if it is worth moving your mortgage early.

What is the longest fixed rate mortgage available?

Currently, the longest fixed term mortgage deals in the UK are for 40 years although these are very rare and can be withdrawn at any time. However, you should consider very carefully and even take professional advice before committing to such a long fixed period. A lot can happen in 40 years, and you need to be sure that this is the right option for you.

Can I overpay my fixed rate mortgage?

Most fixed rate mortgages will allow you to make overpayments – typically up to 10% of the outstanding balance per year. If you are in the earlier years of your mortgage, these overpayments can dramatically reduce your overall mortgage term.

Is a fixed rate mortgage a good idea for an investment property?

If you are buying a property to use as a home as well as an investment opportunity, then a fixed rate mortgage is certainly a very popular residential mortgage. That said, you may find that a different type of mortgage, such as a discounted variable or even a tracker may prove just as good or even better.

However, if you are buying a property with the intention of letting it, an ordinary residential mortgage product is not possible, and you’ll have to obtain a buy to let mortgage. Even with this type of mortgage product, there are fixed term mortgages available for you to choose from.

Could a bridging loan support your plans?

A bridging loan can be used to purchase a property at auction, continue a purchase if your sale has fallen through, or for funding redevelopment projects. A lender could support your plans with between £50,000 and £25m, depending on your circumstances. Learn more about bridging loans today.

Bridging loans

Mortgage guides

More guides

Repay your mortgage or contribute to your pension? A UK guide

Deciding whether to increase your mortgage payments or pension contribution can have a significant effect on your finances. As a starting point, our preferred independent financial adviser company Kellands encourages consumers to align their mortgage term with their preferred retirement date.

Deciding whether to increase your mortgage payments or pension contribution can have a significant effect on your finances.

Overseas Mortgages Explained

You must get an ‘overseas mortgage’ to purchase a house abroad – normally from a lender in the country you want to purchase in.

What are mortgage exit / redemption fees?

Borrowers may not realise that many mortgage providers charge exit/redemption fees. Read our complete guide to find out more.

Tips on finding the best estate agent

Your choice of estate agent can play a crucial part in the process of buying or selling a property. Take your time and make sure that you know exactly what services are being offered. Our helpful guide explains what to look for.

Your choice of estate agent can play a crucial part in the process of buying or selling a property. Our helpful guide explains what to look for.

Average mortgage rate cuts persist, though momentum continues to wind down

8th July 2025

Average mortgage rates maintained a downward trajectory month-on-month, though momentum continues to waver. Find out what this could mean for you if you're after a new mortgage deal.

Average mortgage rates maintained a downward trajectory month-on-month, though momentum continues to waver.

Mortgage market sees May boost, but will it continue?

1st July 2025

After slowing down in April, the housing market showed more positive signs in May as net borrowing and the number of approvals increased.

After slowing down in April, the housing market showed more positive signs in May.

Bank of England base rate cut to 4.25% following global tariff turmoil

8th May 2025

In the wake of new tariffs announced at the start of last month by US President, Donald Trump, the Bank of England has voted in favour of lowering the UK base rate to 4.25%. Find out the impact this could have on your savings and mortgage:

Meanwhile, volatile swap markets provide impetus for mortgage cuts. Find out how your finance might be affected:

Skipton BS launches ‘Delayed Start Mortgage’ with no repayments for three months

7th May 2025

The building society hopes the new product will offer first-time buyers “the breathing space they need in those critical first few months”.

Tips for tackling the rising cost of living

1st May 2025

With many struggling with rising costs, are you doing enough to maximise your money? Read on to discover tips to help organise your finances.

With many struggling with rising costs, are you doing enough to maximise your money?

Mortgage borrowing in March at highest level in almost four years

1st May 2025

Mortgage borrowing in March increased by £13 billion, jumping to its highest level since June 2021. However, mortgage approvals dipped in the same month. Find out more.

Mortgage borrowing in March increased by £13 billion, jumping to its highest level since June 2021. However, mortgage approvals dipped in the same month.

Low-deposit mortgage choice at 17-year high

15th April 2025

The number of first-time buyer mortgages has risen month-on-month to its highest point in 17 years, while shelf-life in the market overall improves. Find out what this could mean for you.

The number of first-time buyer mortgages has risen month-on-month to its highest point in 17 years, while shelf-life in the market overall improves.

Fixed mortgage rates plummet but less time for borrowers to secure a deal

10th March 2025

Average mortgage rates fell throughout February as the average shelf-life of a deal dropped to just 16 days.

Rising fees and less cashback: the other struggles facing today’s mortgage borrowers

4th March 2025

Borrowers are encouraged to compare other factors, aside from just interest rates, to find the best deal for their needs.

Bank of England cuts base rate to 4.50% - what does this mean for your mortgage and savings?

6th February 2025

Borrowers were left disappointed after the previous base rate reduction preceded rising mortgage rates.

Gap narrows between two- and five-year fixed mortgage rates

13th January 2025

Mortgage rates dropped in the month to January, with the margin between the average two- and five-year fixed rates falling to its lowest level in two years.

The margin between the average two- and five-year fixed rates is now at its lowest level in two years.

Bank of England base rate remains at 4.75% in final vote of 2024

19th December 2024

Disappointment for borrowers eagerly awaiting another cut after mortgage rates fell less than many hoped this year.

Five-year fixed mortgage rates see largest rise in over a year

9th December 2024

Average fixed mortgage rates rose throughout November, but there were some positive changes for borrowers. Find out more about the state of the mortgage market.

Average fixed mortgage rates rose throughout November, but there were some positive changes for borrowers.

Fewer options for mortgage borrowers as product choice experiences largest decline in over a year

12th November 2024

The current climate could pose a challenge for “borrowers who are not quick off the mark”.

Mortgage borrowing falls for first time in three months

29th October 2024

Net mortgage borrowing fell for the first time since June 2024, according to the latest Money and Credit report, as mortgage approvals rose to two-year high. Find out more.

Net mortgage borrowing fell for the first time since June 2024, according to the latest Money and Credit report, as mortgage approvals rose to two-year high.

Mortgage product choice rises as rates fall

14th October 2024

The number of mortgage deals available increased month-on-month as average rates continued to fall. But how could the upcoming Autumn Budget affect mortgages?

The number of mortgage deals available increased month-on-month as average rates continued to fall.

Mortgage approvals reach highest level in two years

30th September 2024

Mortgage approvals rose to their highest level in two years as house prices also record an increase, according to the latest figures from Nationwide BS.

Mortgage approvals rose to their highest level in two years as house prices also record an increase.

First-time buyers can now borrow more with Nationwide BS

24th September 2024

First-time buyers can now borrow up to six times their annual income from Nationwide BS after the lender amended its Helping Hand mortgage products.

First-time buyers can now borrow up to six times their annual income from Nationwide BS.

First-time buyers running out of time to save up to £15,000 in Stamp Duty

20th September 2024

Temporary first-time buyers’ relief is expected to end on 31 March 2025 and will affect those in Southern England the most. Find out more.

Temporary first-time buyers’ relief is expected to end on 31 March 2025 and will affect those in Southern England the most.

‘Welcome news’ for borrowers as average fixed mortgage rates fall for second consecutive month

11th September 2024

The average prices of two- and five-year fixed deals return to levels unseen for over six months.

Renters could end up £2.6 million worse off over their lifetime than homeowners

4th September 2024

Half of prospective first-time buyers say they have given up looking for a property as they feel so overwhelmed. Find out more.

Half of prospective first-time buyers say they have given up looking for a property as they feel so overwhelmed.

Mortgage borrowing hits two year high of £2.8 billion in July

2nd September 2024

Mortgage borrowing reaches £2.8 billion in July, while net mortgage approvals for house purchases rise month-on-month. Find out more.

Mortgage borrowing reaches £2.8 billion in July, while net mortgage approvals for house purchases rise month-on-month.

Mortgage rates fall amid market volatility

14th August 2024

Mortgage rates dropped between July and August as lenders reviewed and repriced their product ranges. Find out more about the current state of the mortgage market.

Mortgage rates dropped between July and August as lenders reviewed and repriced their product ranges.

Following on from base rate cut: How has the mortgage market reacted?

9th August 2024

Find out whether your lender is among those to have already passed on the reduction to variable mortgage rates.

Net mortgage lending up 108% in June

30th July 2024

The increase in mortgage borrowing may indicate an ‘uptick in confidence’ as rates continue to ease.

Mortgage rates at lowest levels since April as Nationwide offers deal under 4%

24th July 2024

Nationwide BS has reduced mortgage rates across its two-, three- and five-year fixed products by up to 0.25 percentage points.

Average mortgage shelf-life doubles in July

8th July 2024

The average shelf-life of a mortgage product doubled to 30 days in July while the number of mortgage products increased. See what this means for borrowers.

The average shelf-life of a mortgage product doubled to 30 days in July while the number of mortgage products increased.

Choice of mortgage products at highest level since 2008

11th June 2024

The number of mortgage products available rose to a 16-year high of 6,629 in June. At the same time, the average shelf-life of a product almost halved.

The number of mortgage products available rose to a 16-year high of 6,629 in June.

Several lenders withdraw higher loan-to-value mortgages

4th June 2024

A handful of lenders withdrew some of their higher LTV mortgage deals in the last week of May. Find out what this could mean for first-time buyers.

A handful of lenders withdrew some of their higher LTV mortgage deals in the last week of May.

Mortgage approvals rise but market remains difficult

1st May 2024

The number of net mortgage approvals rose in April, reaching its highest level since September 2022. However, the market remains difficult for borrowers.

The number of net mortgage approvals rose in April, reaching its highest level since September 2022.

Number of buy-to-let products rises month-on-month

23rd April 2024

The number of buy-to-let products on the market increased between March and April. However, average rates also edged higher.

Fixed mortgage rates creep higher in April

9th April 2024

Average rates on fixed mortgages increased between March and April but, with a greater availability of products, there’s still some reason for optimism.

Despite a slight rise in average fixed mortgage rates, there’s still some reason for optimism.

Mortgage deals available for an average of just 15 days

14th March 2024

The average shelf-life of a mortgage product saw a month-on-month drop from 28 days to 15 days. Meanwhile, average fixed mortgage rates edged upwards.

The average shelf-life of a mortgage product saw a month-on-month drop from 28 days to 15 days.

Average mortgage product fees rise to £1,141

5th March 2024

Average mortgage product fees rise to £1,141 while the proportion of deals offering cashback and other incentives drops.

Average mortgage product fees rises £46 in one year to £1,141.

Two-year fixed mortgage rates see biggest monthly drop since 2022

14th February 2024

The average two-year fixed rates saw their largest monthly fall between January and February. Find out more about how average mortgage rates are changing.

The average fixed mortgage rate fell by 0.37 percentage points between January and February.

Bank of England holds base rate at 5.25% despite rise in inflation

1st February 2024

This marks the fourth consecutive time the base rate has gone unchanged.

Mortgage market sees highest product availability in over 15 years

16th November 2023

Alongside falling fixed rates and a longer average shelf-life, increased product availability demonstrates a buoyant period in the mortgage market.

Buy-to-let fixed rates drop as product choice rises

13th October 2023

Average fixed rates in the buy-to-let market have fallen month-on-month, Moneyfacts’ data reveals. The start of October saw the average rate for a two-year deal drop to 6.40%, down from 6.64% in September. Similarly, the average five-year fixed rate fell to 6.32% from 6.49% during the same months.

Buy-to-let market shows signs of recovery, with over 1,500 more products available compared to this time last year.

Average five-year mortgage rate drops below 6%

28th September 2023

The average rate for a five-year fixed mortgage fell to 5.99% today – the first time this rate has dropped below 6% since 3 July 2023, according to Moneyfacts’ data.

The average rate for a five-year fixed mortgage fell to 5.99% today – the first time this rate has dropped below 6% since 3 July 2023.

Bank of England keeps base rate unchanged for first time in almost two years

21st September 2023

The Bank of England’s Monetary Policy Committee (MPC) voted to keep the base rate at 5.25% today - the first time in almost two years the MPC have opted to keep borrowing costs unchanged.

This is the first time in almost two years the Bank of England’s Monetary Policy Committee (MPC) opted to keep borrowing costs unchanged.

Fixed Rate Mortgages

We are searching our databases for your products...

Fixed rate mortgages explained

How long should you fix for?

Pros and cons of a short-term fixed mortgage

Pros and cons of a longer-term fixed mortgage

How much deposit do I need for a fixed rate mortgage?

Should I speak to a mortgage broker?

Speak to an award-winning mortgage broker today

Can I pay off my fixed rate mortgage before it ends?

What is the longest fixed rate mortgage available?

Can I overpay my fixed rate mortgage?

Is a fixed rate mortgage a good idea for an investment property?

Could a bridging loan support your plans?

Mortgage guides

Mortgage news

Best fixed rate mortgages

Fixed Rate Mortgages

We are searching our databases for your products...

Fixed rate mortgages explained

How long should you fix for?

Pros and cons of a short-term fixed mortgage

Pros and cons of a longer-term fixed mortgage

How much deposit do I need for a fixed rate mortgage?

Should I speak to a mortgage broker?

Speak to an award-winning mortgage broker today

Can I pay off my fixed rate mortgage before it ends?

What is the longest fixed rate mortgage available?

Can I overpay my fixed rate mortgage?

Receive the latest news, straight to your inbox

Is a fixed rate mortgage a good idea for an investment property?

Could a bridging loan support your plans?

Mortgage guides

Mortgage news

Never miss the latest news

Subscribe to our Weekend Moneyfactscompare, Savers Friend and Companies Friend Newsletters and never miss the latest financial news, rates and third party offers.

Never miss the latest business news

Subscribe to our Companies Friend, Weekend Moneyfactscompare and Savers Friend Newsletters and never miss the latest financial news, rates and third party offers.