The best UK residential mortgage rates this week

Last updated: 17 September 2025 at 15:55

Some of the lowest fixed mortgage rates edge higher as affordability remains an issue for many borrowers.

Although annual house price growth eased to 2.8% in July (with a typical property reaching £270,000, according to the latest UK House Price Index from HM Land Registry), affordability remains an obstacle for many would-be buyers.

It’s an issue compounded by the heightened cost of living; only earlier today, the Office for National Statistics (ONS) revealed UK inflation continued to rise at 3.8% in the year to August – still at its highest since the start of 2024.

“While markets had been anticipating rate cuts before the end of the year, today’s data will reinforce the case for the [Bank of England] to tread cautiously,” said Karen Noye, Mortgage Expert at wealth-management firm, Quilter.

Noye also noted that mortgage rates have recently begun to edge higher – a result of “persistent inflation and renewed volatility in swap markets”, as well as lenders adopting a more careful and measured approach.

Indeed, some of the lowest fixed mortgage rates available to remortgage borrowers, homemovers and first-time buyers saw an uptick this week.

Below, we provide more information on the 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 charts based on their overall true cost. 

 For a wider overview of the market, see the latest mortgage rates.

The best remortgage rates

Amid ongoing economic uncertainty, remortgage borrowers who’d prefer the flexibility of locking in a shorter term will find deals from Lloyds Bank and Halifax continue to charge the lowest two-year fixed rate this week and can finance up to 60% loan-to-value (LTV) at 3.81%. The latter also now offers the cheapest three-year fix (charging 3.90% to finance up to 60% LTV) after other lenders recently hiked rates and withdrew products. These mortgages are all available throughout Great Britain and Northern Ireland directly from the lenders and cost £999 in arrangement fees. In the way of incentives, they each include a free valuation and free legals fees. What’s more, you’ll receive £250 cashback if your property has an Energy Performance Certificate (EPC) score of 81 or more.

That being said, those needing to finance a larger portion of their property will have to explore other options. A two-year fixed deal from Yorkshire Building Society, for instance, can finance up to 75% LTV at 3.93% and lands a place on our Moneyfacts Best Buy chart based on its overall true cost. This mortgage is widely accessible throughout Great Britain and Northern Ireland and can be applied for directly with the lender. It costs £995 in completion fee but includes a free valuation and free legal fees to sweeten the deal.

Alternatively, Furness BS continues to offer a three-year fixed mortgage that features on our Moneyfacts Best Buy chart and can finance up to 80% your property at 4.23%. Available direct or via intermediaries to remortgage borrowers throughout Great Britain, it costs £999 in booking fees and includes a free valuation (up to a maximum of £665) as well as £250 cashback.

Meanwhile, the lowest five-year fixed rate available to remortgage borrowers jumped from 3.85% to 3.88% this week but may still appeal to those wanting the security of a longer term. This rate can be found online directly from NatWest or via its intermediary arm, NatWest Int Sols. Deals from both lenders can finance up to 60% LTV, have a lending area spanning Great Britain and Northern Ireland and come with a free valuation as an added extra. The mortgage from NatWest and one from NatWest Int Sols additionally include free legal fees, while the latter offers another deal that instead comes with £350 cashback. However, it should be noted they all cost a substantial £1,495 in arrangement fees.

Those wanting to save on upfront costs could instead consider a five-year fixed deal from first direct that charges a higher 4.04% to finance up to 75% LTV but which costs just £490 in booking fees. Those living in Great Britain and Northern Ireland can apply for this deal directly and will also receive a free valuation and free legal fees as perks. Based on these factors, it earns a place on our Moneyfacts Best Buy chart.

The best mortgage rates for homemovers

For those looking to move home, Yorkshire Building Society continues to offer the lowest two-year fixed rate this week. Its mortgage, charging 3.78% to finance up to 60% of your new property, costs £995 in completion fees and can be applied for directly by borrowers in Great Britain and Northern Ireland, who will receive a free valuation as an incentive.

Alternatively, the lender also offers a deal that can finance up to 75% LTV at 4.10% and comes with no additional product fees, which may appeal to either those with less equity or who want to save on upfront costs. Another direct deal, it’s also available to homemovers in Great Britain and Northern Ireland and offers a free valuation. Furthermore, it earns a place on our Moneyfacts Best Buy chart.

Otherwise, homemovers can continue to find the lowest three-year fixed rate from MPowered Mortgages, which can finance up to 60% of a new home at 3.88%. This deal is available to borrowers throughout England and Wales via intermediaries and costs £999 in arrangement fees. It also comes with a free valuation as an additional perk.

For a three-year fixed deal more widely available to homemovers throughout Great Britain and Northern Ireland, you could also consider a product from first direct. It can finance up to 60% LTV at a slightly higher 3.93% and charges just £490 in booking fees when applying direct. What’s more, this mortgage includes a free valuation as an incentive and occupies a spot on our Moneyfacts Best Buy chart.

In contrast, the cheapest-priced five-year fix in this corner of the mortgage market rose slightly and is now available directly online from NatWest or via its intermediary arm, NatWest Int Sols, after other lenders increased their rates this week. Like the deals available to remortgage borrowers, they can each finance up to 60% LTV at 3.94% and are available throughout Great Britain and Northern Ireland. But bear in mind they cost a considerable £1,495 in arrangement fees and come with a free valuation as their sole incentive.

Once again, first direct provides a Moneyfacts Best Buy alternative that may be of interest to those wanting to save on upfront fees. This deal can finance 60% of your new home at 3.98% - fixed for five years – and costs just £490 in booking fees. It’s available throughout Great Britain and Northern Ireland directly from the lender and additionally offers a free valuation.

When it comes to getting on the property ladder, Yorkshire Building Society continues to offer first-time buyers with a 10% deposit the lowest two-year fixed rate this week, at 4.26%. Borrowers throughout Great Britain and Northern Ireland can apply for this deal directly with the lender but will need to budget for the £995 completion fee. Nevertheless, it includes a free valuation as an incentive.

The Co-operative Bank for Intermediaries, meanwhile, is among lenders offering the next best rate in this sector in spite of a recent increase. While it can finance up to 90% of your first home at 4.29%, this deal comes with a free valuation as well as £250 cashback – which could help to cover moving costs or furnishings. As the lender’s name suggests, this mortgage can be applied for via selected intermediaries by those in Great Britain and costs a comparable £999 in arrangement fees.

Unfortunately for first-time buyers wanting to secure a longer initial fixed term, the lowest five-year fixed rate that caters up to 90% LTV has risen to 4.39% following changes in the market. It can now be found from Clydesdale Bank and costs a substantial £1,499 in arrangement fees. This ‘broker exclusive’ deal can only be accessed via selected intermediaries by borrowers in Great Britain. It includes a free valuation as an added extra.

Alternatively, first-time buyers in England and Wales wanting to save on upfront costs could consider a five-year fixed mortgage from Leek BS that comes with no additional product fees. Available direct or via intermediaries, this deal charges 4.50% to finance up to 90% LTV and offers a free valuation as a further incentive.

Have a smaller deposit of 5%? West Brom BS currently provides the cheapest-priced two-year fix that can finance up to 95% LTV after making cuts last week. Its deal, charging 4.68%, is open to borrowers throughout England and Wales either direct or via selected intermediaries and costs £999 in completion fees. The mortgage also comes with a free valuation (up to a maximum of £740) and, when considering all of these factors, earns a place on our Moneyfacts Best Buy chart. However, those wanting to keep costs to a minimum could also consider another deal from the lender that places on our Moneyfacts Best Buy chart. It can also finance up to 95% LTV at a higher 4.91% but comes with no additional product fees.

Finally, those wanting to lock in a longer initial fixed term with a 5% deposit will find Marsden BS continues to charge the lowest five-year fixed rate; it can finance up to 95% LTV at 4.69%. This deal is only available in England and Wales either direct or via selected intermediaries. While it costs £998 in arrangement fees, it includes a free valuation and features on our Moneyfacts Best Buy chart based on its overall true cost. That being said, the lender offers another Moneyfacts Best Buy deal that can finance 95% LTV at 4.79% but comes with no additional product fees.