Last updated: 25 March 2026 at 13:05
Latest mortgage news: As fixed residential mortgage rates climb higher, securing a new deal “may be crucial” to minimise extra costs.
With expectations for inflation to rise, and the potential for future base rate hikes, lenders are factoring this into their pricing – seeing the costs for borrowers go up.
Since 9 March 2026, a staggering 1,700-plus mortgage products have been withdrawn, and as some of them are now returning at higher rates, it’s predicted many more lenders will follow in their footsteps to keep up with the current swap rate levels.
“Around 1.8 million borrowers are expected to refinance this year; this includes those coming off low five-year fixed rates. Homeowners should prepare themselves for higher-than-expected costs, if they lock into another five-year term, they could see their monthly repayments spike by over £380,” Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, commented.
“Borrowers have the option of securing a new deal typically up to six months before their current rate expires, this may be crucial for those who are concerned about rising costs,” she continued.
This also prevents borrowers from paying their revert rate, which would see them over £630 worse off per month on average. And with the cost of everything from mortgages to energy prices creeping higher, this is an amount that many may find themselves unable to afford, Eastell cautioned.
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.
While we highlight the lowest rates, these aren’t always the best value once fees and incentives are factored in. If you’re unsure, it’s worth speaking to a mortgage broker for tailored advice.
Last updated: 25/03/2026
Rate: 4.29% fixed for 2 years before reverting to 6.24%
Initial period: 2 years
Product fee: £490
Maximum loan-to-value: 60%
APRC: 6.1%
Representative example: £210,000 mortgage over 25 years initially at 4.29% fixed for 24 months reverting to 6.24% variable for term. 24 monthly payments of £1142.36 and 276 monthly payments of £1367.94. Total amount payable £405,838.08 includes loan amount, interest of £194,968, valuation fees of £0 and product fees of £490. The overall cost for comparison is 6.1% APRC representative.
Rate: 4.44% fixed until 31 May 2029 before reverting to 7.24%
Initial period: 3 years
Product fee: £995
Maximum loan-to-value: 60%
APRC: 6.7%
Representative example: £210,000 mortgage over 25 years initially at 4.44% fixed for 38 months reverting to 7.24% variable for term. 38 monthly payments of £1160.11 and 262 monthly payments of £1478.67. Total amount payable £432,870.72 includes loan amount, interest of £221,496, valuation fees of £0 and product fees of £995. The overall cost for comparison is 6.7% APRC representative.
Rate: 4.42% fixed for 5 years before reverting to 6.24%
Initial period: 5 years
Product fee: £490
Maximum loan-to-value: 60%
APRC: 5.6%
Representative example: £210,000 mortgage over 25 years initially at 4.42% fixed for 60 months reverting to 6.24% variable for term. 60 monthly payments of £1157.73 and 240 monthly payments of £1345.68. Total amount payable £393,297.00 includes loan amount, interest of £182,427, valuation fees of £0 and product fees of £490. The overall cost for comparison is 5.6% APRC representative.
Following another wave of increases due to the ongoing conflict in the Middle East, this week sees the lowest fixed remortgage rates rise once more. The cheapest-priced two- and five-year fixes for remortgage borrowers in Great Britain and Northern Ireland now come from first direct at 4.29% and 4.42%, respectively, on deals that can finance up to 60% loan-to-value (LTV). These two- and five-year mortgages come with a small £490 booking fee and provide the perks of a free valuation and free legal fees. Borrowers can apply for these mortgages direct from the lender. Considering its features, the two-year fix proves itself as a Moneyfacts Best Buy.
Alternatively, those with less equity could consider a two- or five-year fix from the same lender that charge a slightly higher 4.39% and 4.48%, respectively, to finance up to 75% LTV. Otherwise, these deals have the same features as the ones above and earn a place on our Moneyfacts Best Buy chart.
Elsewhere, the cheapest three-year fixed rate is now offered by two deals from TSB at 4.44% to finance a maximum LTV of 60%. Both charge £995 in arrangement fees and include the incentive of a free valuation, with one also coming with free legal fees, and the other with £300 cashback. Available across Great Britain, these deals can be applied for direct from TSB or via selected intermediaries.
Borrowers with less equity could explore a Moneyfacts Best Buy three-year fixed deal from the same lender which charges 4.69% and caters to a maximum LTV of 85%. It comes with the same features as the mortgage above.
Last updated: 25/03/2026
Rate: 4.21% fixed for 2 years before reverting to 6.24%
Initial period: 2 years
Product fee: £490
Maximum loan-to-value: 60%
APRC: 6.0%
Representative example: £250,000 mortgage over 25 years initially at 4.21% fixed for 24 months reverting to 6.24% variable for term. 24 monthly payments of £1348.75 and 276 monthly payments of £1627.63. Total amount payable £482,135.88 includes loan amount, interest of £231,596, valuation fees of £0 and product fees of £490. The overall cost for comparison is 6.0% APRC representative.
Rate: 4.30% fixed for 3 years before reverting to 6.24%
Initial period: 3 years
Product fee: £490
Maximum loan-to-value: 60%
APRC: 5.9%
Representative example: £250,000 mortgage over 25 years initially at 4.30% fixed for 36 months reverting to 6.24% variable for term. 36 monthly payments of £1361.35 and 264 monthly payments of £1618.83. Total amount payable £476,919.72 includes loan amount, interest of £226,380, valuation fees of £0 and product fees of £490. The overall cost for comparison is 5.9% APRC representative.
Rate: 4.31% fixed for 5 years before reverting to 6.24%
Initial period: 5 years
Product fee: £490
Maximum loan-to-value: 60%
APRC: 5.6%
Representative example: £250,000 mortgage over 25 years initially at 4.31% fixed for 60 months reverting to 6.24% variable for term. 60 monthly payments of £1362.76 and 240 monthly payments of £1599.00. Total amount payable £466,065.60 includes loan amount, interest of £215,526, valuation fees of £0 and product fees of £490. The overall cost for comparison is 5.6% APRC representative.
For another consecutive week, there have been sizeable hikes across the board to the cheapest fixes for homemovers, with first direct charging the lowest two-, three- and five-year fixed rates of 4.21%, 4.30% and 4.31%, respectively. These two-, three-, and five-year deals can all be used to finance up to 60% LTV and are available direct from the lender to those in Great Britain and Northern Ireland. Borrowers will face a below average £490 booking fee, and will receive a free valuation. The two- and five-year mortgages additionally feature on our Moneyfacts Best Buy chart.
Homemovers with less equity could consider a two-, three- or five-year deal from the same lender, at 4.30%, 4.41% and 4.38% respectively, to finance a maximum LTV of 75%. They have the same features as the mortgages detailed above, and, considering their overall value, earn a place on our Moneyfacts Best Buy chart.
Last updated: 25/03/2026
Rate: 4.65% fixed for 2 years before reverting to 6.24%
Initial period: 2 years
Product fee: £490
Maximum loan-to-value: 90%
APRC: 6.1%
Representative example: £200,000 mortgage over 25 years initially at 4.65% fixed for 24 months reverting to 6.24% variable for term. 24 monthly payments of £1128.76 and 276 monthly payments of £1305.87. Total amount payable £388,050.36 includes loan amount, interest of £187,510, valuation fees of £0 and product fees of £490. The overall cost for comparison is 6.1% APRC representative.
Rate: 4.78% fixed for 5 years before reverting to 6.24%
Initial period: 5 years
Product fee: £490
Maximum loan-to-value: 90%
APRC: 5.8%
Representative example: £200,000 mortgage over 25 years initially at 4.78% fixed for 60 months reverting to 6.24% variable for term. 60 monthly payments of £1143.69 and 240 monthly payments of £1289.30. Total amount payable £378,593.40 includes loan amount, interest of £178,053, valuation fees of £0 and product fees of £490. The overall cost for comparison is 5.8% APRC representative.
Rate: 5.09% fixed for 2 years before reverting to 7.39%
Initial period: 2 years
Product fee: £499
Maximum loan-to-value: 95%
APRC: 7.2%
Representative example: £200,000 mortgage over 25 years initially at 5.09% fixed for 24 months reverting to 7.39% variable for term. 24 monthly payments of £1179.69 and 276 monthly payments of £1445.81. Total amount payable £427,965.12 includes loan amount, interest of £227,356, valuation fees of £0 and product fees of £499. The overall cost for comparison is 7.2% APRC representative.
Rate: 5.19% fixed for 5 years before reverting to 7.39%
Initial period: 5 years
Product fee: £499
Maximum loan-to-value: 95%
APRC: 6.7%
Representative example: £200,000 mortgage over 25 years initially at 5.19% fixed for 60 months reverting to 7.39% variable for term. 60 monthly payments of £1191.43 and 240 monthly payments of £1419.55. Total amount payable £412,786.80 includes loan amount, interest of £212,178, valuation fees of £0 and product fees of £499. The overall cost for comparison is 6.7% APRC representative.
Following a series of hefty upticks, all the lowest first-time buyer fixed rates have risen this week. The cheapest-priced two- and five-year fixed deals for borrowers with a 10% deposit in Great Britain and Northern Ireland are now found from first direct, charging 4.65% and 4.78% respectively. These two- and five-year mortgages, which can be applied for direct from the lender, cost £490 in booking fees and come with the perk of a free valuation.
First-time buyers looking to save on upfront costs could consider a two- or five-year fix from the same lender which don’t come with any additional product fees. Charging 4.81% and 4.88%, respectively, to finance up to 90% LTV, these deals otherwise offer the same features at the ones above.
Elsewhere, Cambridge BS now offers the lowest two- and five-year fixed rates for first-time buyers with a 5% deposit in England and Wales, which have risen above 5% to charge 5.09% and 5.19%, respectively. Borrowers will need to budget for the £499 completion fee on these Moneyfacts Best Buy deals but will receive a free valuation. They can be applied for direct from Cambridge BS or via an intermediary.
Alternatively, those with a 5% deposit wanting to keep upfront costs to a minimum could explore a two-year deal from HSBC at 5.49% which doesn’t come with any additional product fees. As further perks, this Moneyfacts Best Buy provides a free valuation and an attractive £1,000 cashback. Available to borrowers in Great Britain and Northern Ireland, it can be applied for direct from HSBC or via selected intermediaries.
Meanwhile, those who’d prefer to lock in a fixed rate for five years will find a direct deal from first direct can finance up to 95% LTV at 5.24% and doesn’t charge any additional product fees. What’s more, it comes with a free valuation.
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.
MAB is the preferred mortgage broker of Moneyfactscompare.co.uk
Get friendly, expert advice free of charge as a visitor of Moneyfactscompare.co.uk
Mortgage Advice Bureau have 1,600 UK advisers with 200 awards between them.
Speak to an award-winning mortgage broker today.
Call 0800 031 8553 or request a callback
Mortgage Advice Bureau offers fee free mortgage advice for MoneyfactsCompare visitors that call on 0800 031 8553. 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.
A bridging loan can be used to purchase a property at auction, continue a purchase if your sale falls through, or for funding redevelopment projects. A lender could support your plans with between £50,000 and £25 million, depending on your circumstances.
All of our newsletters are available free by email to all Moneyfactscompare.co.uk users.
Send me Weekend Moneyfactscompare, Savers Friend, and Companies Friend.
Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time. Links to third parties on this page are paid for by the third party. You can find out more about the individual products by visiting their site. Moneyfactscompare.co.uk will receive a small payment if you use their services after you click through to their site. All information is subject to change without notice. Please check all terms before making any decisions. This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
