Last updated:11 June 2025 at 13:40
Rates remain volatile this week as various lenders reprice deals.
Borrowers seeking a new mortgage deal will find the lowest fixed rates in a state of flux yet again this week, with prices rising and falling across multiple sectors.
While those remortgaging can benefit from a lower two-year fix this time around, the cheapest-priced five-year deal climbed sharply to 3.95%. Elsewhere, homemovers may be disheartened to see the lowest two-year price also edging higher to 3.95%.
“This churn of mortgage deals can occur if lenders pull and replace deals to cope with interest rate moves and borrower demand,” explained Rachel Springall, Finance Expert at Moneyfactscompare.co.uk.
Indeed, data from the latest Moneyfacts UK Mortgage Trends Treasury Report revealed mortgage shelf-life dropped to a three-month low between May and the start of June, at just 17 days.
However, despite lenders making a flurry of changes to their product ranges, average mortgage rates still managed to fall for the fourth consecutive month during this same period, albeit by smaller margins compared to previous months.
Read more: Mortgage rates fall for a fourth consecutive month, but lenders act more cautiously
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.
Although we’ve highlighted the lowest rates across our mortgage charts, borrowers should always keep in mind that the lowest rate may not be the best, or most cost effective, deal for them. Instead, it is important to consider factors such as product fees and incentives when comparing mortgage deals, as these can have a significant impact on the cost of the mortgage. Consumers unsure of which deal is right for them should consider speaking to a mortgage broker, who will be able to provide advice on the best deal for their circumstances.
Last updated: 11/06/2025
Rate: 3.92% fixed until 30 September 2027, before reverting to 7.24%
Initial period: 2 years
Product fee: £1,495
Maximum loan-to-value: 60%
APRC: 6.8%
Representative example: £210,000 mortgage over 25 years initially at 3.92% fixed for 27 months reverting to 7.24% variable for term. 27 monthly payments of £1099.20 and 273 monthly payments of £1484.00. Total amount payable £436,685.40 includes loan amount, interest of £224,810, valuation fees of £0 and product fees of £1495. The overall cost for comparison is 6.8% APRC representative.
Rate: 3.92% fixed until 30 September 2027, before reverting to 7.24%
Initial period: 2 years
Product fee: £1,495
Maximum loan-to-value: 60%
APRC: 6.8%
Representative example: £210,000 mortgage over 25 years initially at 3.92% fixed for 27 months reverting to 7.24% variable for term. 27 monthly payments of £1099.20 and 273 monthly payments of £1484.00. Total amount payable £436,685.40 includes loan amount, interest of £224,810, valuation fees of £0 and product fees of £1495. The overall cost for comparison is 6.8% APRC representative.
Rate: 3.92% fixed for three years, before reverting to 6.24%
Initial period: 3 years
Product fee: £999
Maximum loan-to-value: 60%
APRC: 5.8%
Representative example: £210,000 mortgage over 25 years initially at 3.92% fixed for 36 months reverting to 6.24% variable for term. 36 monthly payments of £1099.20 and 264 monthly payments of £1354.51. Total amount payable £398,640.84 includes loan amount, interest of £187,162, valuation fees of £0 and product fees of £999. The overall cost for comparison is 5.8% APRC representative.
Rate: 3.95% fixed until 30 September 2030, before reverting to 7.24%
Initial period: 5 years
Product fee: £1,495
Maximum loan-to-value: 60%
APRC: 6.0%
Representative example: £210,000 mortgage over 25 years initially at 3.95% fixed for 63 months reverting to 7.24% variable for term. 63 monthly payments of £1102.67 and 237 monthly payments of £1439.56. Total amount payable £412,518.93 includes loan amount, interest of £200,644, valuation fees of £0 and product fees of £1495. The overall cost for comparison is 6.0% APRC representative.
Rate: 3.95% fixed until 30 September 2030, before reverting to 7.24%
Initial period: 5 years
Product fee: £1,495
Maximum loan-to-value: 60%
APRC: 6.0%
Representative example: £210,000 mortgage over 25 years initially at 3.95% fixed for 63 months reverting to 7.24% variable for term. 63 monthly payments of £1102.67 and 237 monthly payments of £1439.56. Total amount payable £412,518.93 includes loan amount, interest of £200,644, valuation fees of £0 and product fees of £1495. The overall cost for comparison is 6.0% APRC representative.
NatWest, and its intermediary arm NatWest Int Sols, slashed a range of prices this week, which sees the lowest two-year fix for remortgage borrowers in Great Britain and Northern Ireland fall even further to 3.92%. The deal from NatWest, and the two on offer from NatWest Int Sols, each charge a £1,495 arrangement fee and can finance up to a maximum 60% loan-to-value (LTV). The option from NatWest also comes with a free valuation and free legal fees, as does one of the deals from NatWest Int Sols, while the other replaces the legal fees with £250 cashback.
These same lenders also now charge the lowest five-year fixed rates in the remortgage sector after Barclays Mortgage hiked selected rates, though this has unfortunately risen to 3.95%. These three deals come with the same incentives as their two-year equivalents and are also available across Great Britain and Northern Ireland. Costing £1,495 in arrangement fees, they can cater for up to 60% LTV.
Borrowers with less equity may wish to consider a two-year deal from first direct charging 4.24% which features as a Moneyfacts Best Buy. From a £490 booking fee, this mortgage is available across Great Britain and Northern Ireland with a 75% LTV. Likewise, both a free valuation and free legal fees are included as a bonus.
Similarly, Furness BS charges 4.27% on a five-year option for borrowers with only 20% equity in their home that also features as a Moneyfacts Best Buy. Costing £999 in booking fees, this deal is available directly through the lender or via intermediaries across Great Britain. For those interested in added incentives, it comes packaged with a free valuation (up to £665) and £250 cashback.
Meanwhile, the lowest three-year fixed rate for remortgage borrowers continues to be available from MPowered Mortgages for those in England and Wales (via intermediaries) at 3.92%. The lender offers two deals at this price-point, both of which include a free valuation; however, while one also throws in £250 cashback on completion, its ‘Legal Fee Saver’ instead comes with £256 towards legal fees. Furthermore, these mortgages each charge £999 in arrangement fees and can service up to a 60% LTV.
Alternatively, Furness BS makes our Moneyfacts Best Buy chart yet again with a three-year option that, like its five-year counterpart, may be of interest for those after a higher 80% LTV. Charging 4.36% as well as a £999 booking fee, it is available across Great Britain and includes a free valuation (up to £665) alongside £250 cashback.
Last updated: 11/06/2025
Rate: 3.95% fixed for two years, before reverting to 6.99%
Initial period: 2 years
Product fee: £999
Maximum loan-to-value: 60%
APRC: 6.6%
Representative example: £250,000 mortgage over 25 years initially at 3.95% fixed for 24 months reverting to 6.99% variable for term. 24 monthly payments of £1312.70 and 276 monthly payments of £1734.19. Total amount payable £511,190.24 includes loan amount, interest of £260,141, valuation fees of £0 and product fees of £999. The overall cost for comparison is 6.6% APRC representative.
Rate: 3.95% fixed until 2 September 2027, before reverting to 6.75%
Initial period: 2 years
Product fee: £999
Maximum loan-to-value: 60%
APRC: 6.4%
Representative example: £250,000 mortgage over 25 years initially at 3.95% fixed for 26 months reverting to 6.75% variable for term. 26 monthly payments of £1312.70 and 274 monthly payments of £1696.38. Total amount payable £500,212.32 includes loan amount, interest of £248,938, valuation fees of £0 and product fees of £999. The overall cost for comparison is 6.4% APRC representative.
Rate: 3.88% fixed for three years, before reverting to 6.24%
Initial period: 3 years
Product fee: £999
Maximum loan-to-value: 60%
APRC: 5.8%
Representative example: £250,000 mortgage over 25 years initially at 3.88% fixed for 36 months reverting to 6.24% variable for term. 36 monthly payments of £1303.08 and 264 monthly payments of £1611.83. Total amount payable £473,583.00 includes loan amount, interest of £222,434, valuation fees of £0 and product fees of £999. The overall cost for comparison is 5.8% APRC representative.
Rate: 3.99% fixed until 30 September 2030, before reverting to 6.24%
Initial period: 5 years
Product fee: £899
Maximum loan-to-value: 60%
APRC: 5.4%
Representative example: £250,000 mortgage over 25 years initially at 3.99% fixed for 63 months reverting to 6.24% variable for term. 63 monthly payments of £1318.21 and 237 monthly payments of £1587.14. Total amount payable £460,228.41 includes loan amount, interest of £209,199, valuation fees of £0 and product fees of £899. The overall cost for comparison is 5.4% APRC representative.
Rate: 3.99% fixed until 30 September 2030, before reverting to 7.24%
Initial period: 5 years
Product fee: £1,495
Maximum loan-to-value: 60%
APRC: 6.0%
Representative example: £250,000 mortgage over 25 years initially at 3.99% fixed for 63 months reverting to 7.24% variable for term. 63 monthly payments of £1318.21 and 237 monthly payments of £1715.04. Total amount payable £491,056.71 includes loan amount, interest of £239,512, valuation fees of £0 and product fees of £1495. The overall cost for comparison is 6.0% APRC representative.
Rate: 3.99% fixed until 30 September 2027, before reverting to 7.24%
Initial period: 5 years
Product fee: £1,495
Maximum loan-to-value: 60%
APRC: 6.0%
Representative example: £250,000 mortgage over 25 years initially at 3.99% fixed for 63 months reverting to 7.24% variable for term. 63 monthly payments of £1318.21 and 237 monthly payments of £1715.04. Total amount payable £491,056.71 includes loan amount, interest of £239,512, valuation fees of £0 and product fees of £1495. The overall cost for comparison is 6.0% APRC representative.
Homemovers may be disappointed to see the lowest two-year fixed rate climbing slightly higher to 3.95% this week, which is now charged by both Nationwide BS and Santander.
The former’s deal is available direct or via intermediaries across Great Britain and Northern Ireland (excluding the Scilly Isles) and charges a £999 reservation fee. Able to finance up to 60% LTV, it also includes a free valuation. What’s more, £250 cashback is up for grabs for those moving to a home with an Energy Performance Certificate (EPC) score of 86 to 91, or £500 for a score of 92 or more.
Alternatively, Santander’s two-year deal is available to borrowers in Great Britain and Northern Ireland with a 40% deposit. It charges £999 in arrangement fees and comes with a free valuation (up to £1,190).
Extending its tenure for yet another week, MPowered Mortgages continues to charge the lowest three-year fixed rate for homemovers. Priced at 3.88%, this deal can finance up to 60% of your property’s value and costs £999 in arrangement fees. Available exclusively via intermediaries across England and Wales, it comes with a free valuation.
However, if you have less money saved upfront, a three-year deal from first direct may appeal for its smaller £490 booking fee as well as its ability to finance a higher 85% LTV. Earning a spot as a Moneyfacts Best Buy, it charges 4.45% and is available across Great Britain and Northern Ireland. In terms of incentives, this mortgage incudes a free valuation.
Homemovers across Great Britain and Northern Ireland after a longer five-year fix now have a greater selection when looking for the lowest rate after cuts from NatWest and NatWest Int Sols. These two deals now charge 3.99% with £1,495 arrangement fees and can finance up to 60% LTV. Borrowers will also find a free valuation is available with either option.
Otherwise, Barclays Mortgage again charges the same 3.99% on one of its five-year fixed deals, that is available across the same lending area. This option also includes a free valuation with a 60% LTV; however, it comes with a smaller £899 arrangement fee.
Last updated: 11/06/2025
Rate: 4.50% fixed until 30 September 2027, before reverting to 6.49%
Initial period: 2 years
Product fee: £999
Maximum loan-to-value: 90%
APRC: 6.3%
Representative example: £200,000 mortgage over 25 years initially at 4.50% fixed for 27 months reverting to 6.49% variable for term. 27 monthly payments of £1111.66 and 273 monthly payments of £1331.60. Total amount payable £394,790.62 includes loan amount, interest of £193,542, valuation fees of £0 and product fees of £999. The overall cost for comparison is 6.3% APRC representative.
Rate: 4.43% fixed until 31 August 2030, before reverting to 7.59%
Initial period: 5 years
Product fee: £995
Maximum loan-to-value: 90%
APRC: 6.4%
Representative example: £200,000 mortgage over 25 years initially at 4.43% fixed for 62 months reverting to 7.59% variable for term. 62 monthly payments of £1103.73 and 238 monthly payments of £1421.25. Total amount payable £407,818.76 includes loan amount, interest of £206,689, valuation fees of £0 and product fees of £995. The overall cost for comparison is 6.4% APRC representative.
Rate: 4.83% fixed until 31 October 2027, before reverting to 7.12%
Initial period: 2 years
Product fee: £999
Maximum loan-to-value: 95%
APRC: 6.9%
Representative example: £200,000 mortgage over 25 years initially at 4.83% fixed for 28 months reverting to 7.12% variable for term. 28 monthly payments of £1149.46 and 272 monthly payments of £1407.89. Total amount payable £416,279.96 includes loan amount, interest of £215,131, valuation fees of £0 and product fees of £999. The overall cost for comparison is 6.9% APRC representative.
Rate: 4.75% fixed for five years, before reverting to 8.14%
Initial period: 5 years
Product fee: £1,149
Maximum loan-to-value: 95%
APRC: 6.9%
Representative example: £200,000 mortgage over 25 years initially at 4.75% fixed for 60 months reverting to 8.14% variable for term. 60 monthly payments of £1140.23 and 240 monthly payments of £1491.28. Total amount payable £427,905.00 includes loan amount, interest of £226,321, valuation fees of £260 and product fees of £1149. The overall cost for comparison is 6.9% APRC representative.
Just one week after prices fell, the lowest two-year fix for first-time buyers with a 10% deposit unfortunately spiked to 4.50% as Furness BS withdrew a slew of products from its range. This rate is charged by West Brom BS’ freshly discounted two-year deal, which is available across England and Wales with a £999 completion fee. This deal also covers valuation fees up to £740.
After more extras with your deal? You could consider a two-year fix from Nationwide BS which, priced at 4.59%, includes a free valuation and £500 cashback to help offset its £999 reservation fee. If your new home has an EPC score between 86 and 91, you can also benefit from a further £250, or £500 if this score is 92 or higher. This deal can also support borrowers with a 10% deposit and is available directly through the lender or via intermediaries across Great Britain and Northern Ireland (excluding the Scilly Isles).
Meanwhile, Leek Building Society again charges the lowest five-year fixed rate for those buying their first home at a 90% LTV, despite increasing its price to 4.43%. This mortgage includes a £995 completion fee as well as a free valuation and can be applied for directly or via intermediaries across England and Wales.
For those looking to avoid upfront costs, Halifax offers a five-year deal charging 4.59%, which comes with no added product fees. With a 90% LTV, it can be applied for directly across Great Britain and Northern Ireland. Adding to its appeal, this mortgage also comes with £250 cashback if your property has an EPC score of 81 or more.
Elsewhere, the lowest fixed rates for first-time buyers with a 5% deposit remain the same as they did last week.
This includes the two-year mortgage from The Co-operative Bank for Intermediaries priced at 4.83%. Costing £999 in arrangement fees, this deal is available across Great Britain and comes with a free valuation as well as £250 cashback.
To help combat the many costs of buying your first home, borrowers could also consider a two-year deal from HSBC which comes with no added product fees; it also includes a free valuation and £500 cashback as bonus perks. Charging 5.05%, this mortgage is available across Great Britain and Northern Ireland with a 95% LTV. As a result, it features as a Moneyfacts Best Buy.
Monmouthshire BS continues to charge the lowest five-year fixed deal at a 95% LTV; its mortgage is priced at 4.75% and maintains a spot on our Moneyfacts Best Buy chart. It comes with a combined arrangement fee of £1,149 and is available across England and Wales, excluding the Scilly Isles, Isle of Man and the Channel Islands. Keep in mind, however, that no incentives are included with this deal.
If this isn’t what you’re looking for, HSBC’s five-year option also holds onto its Moneyfacts Best Buy status and includes both a free valuation and £500 cashback for borrowers valuing added incentives with their mortgage. Charging 4.89%, it also comes with no upfront products costs and caters for up to 95% LTV. You’ll be able to apply for this deal either directly or via selected intermediaries across Great Britain and Northern Ireland.
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