Last updated: 18 June 2025 at 13:10
Little movement in the lowest mortgage rates as annual house price inflation eased in April.
After several lenders made changes to their mortgage deals last week, this week has seen less change. Indeed, the lowest rates for remortgage borrowers and homemovers remain the same as one week ago.
However, encouragingly for first-time buyers with a 10% or 5% deposit, the lowest two-year fixed rates on these mortgages dropped slightly to 4.47% and 4.80% respectively.
This comes as the UK House Price Index revealed that house prices rose by 3.5% year-on-year in April, lower than the annual increase recorded in March. The average UK house price now stands at £265,000, 2.7% lower than one month ago.
“The slowing of annual price rises is notable, because the pace had been rising since December 2023. However, it might not be anything to keep sellers up at night, because it was always expected in the aftermath of the stamp duty holiday,” explained Sarah Coles, Head of Personal Finance at Hargreaves Lansdown.
“The sheer cost of property also kept a lid on price rises during the holiday, so this wasn’t a steep climb and a dramatic descent. It was more of a gentle incline followed by a saunter downhill,” she noted.
Below, we provide more information on these and other lowest fixed mortgage rates available to remortgage borrowers, homemovers and first-time buyers. Keep in mind, though, the lowest rate may not always be the most cost-effective for your needs and circumstances. That’s why we’ve also offered some alternatives which feature on our Moneyfacts Best Buy chart based on their overall true cost.
For a wider overview of the market, see the latest mortgage rates.
