Last updated: 9 September 2026 at 15:40
Latest mortgage news: Several of the lowest fixed mortgage rates increase as lenders start to raise rates.
It hasn’t been an encouraging start to September for those planning to take out a mortgage as interest rates seem to be on the rise. Indeed, some of the lowest fixed rates have already edged higher, particularly in the homemover sector, with further increases not off the table.
This upwards trend is largely due to higher swap rates, which jumped up following the renewed tensions in the Middle East. Swap rates influence lenders’ margins and, consequently, how they price their fixed mortgage deals, so it’s no surprise that many of the major UK mortgage lenders, including HSBC, NatWest, Santander, Lloyds Bank, Halifax and Barclays Mortgage, have made increases across their range of fixed mortgage products in recent days.
Read more: Borrowers’ hopes “dashed” as mortgage rate rises loom
“Mortgage rates are rising due to the escalating military conflict between the US and Iran, reigniting inflationary fears,” Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, commented.
It remains to be seen whether rates will continue to rise but, as the mortgage market remains volatile, borrowers may find it beneficial to speak to a broker for more tailored support and advice on their next steps.
See below for the lowest fixed mortgage rates for remortgage borrowers, homemovers and first-time buyers. Alternatively, go to our charts to discover current mortgage rates UK lenders offer.
