Last updated: 15 April 2026 at 14:05
Latest mortgage news: Average mortgage shelf-life nosedives – but more positively, selected remortgage, homemoving and first-time buyer rates have dipped this week.
The average lifespan of a mortgage hit a record low of eight days this March – lower than it was at the start of October 2022 when the ‘mini-Budget’ unsettled the market, data from the latest Moneyfacts UK Mortgage Trends Treasury Report showed.
This is because of the ongoing uncertainty and upset caused by conflict in the Middle East – which has also caused product choice to decline and rates to rise.
Read more: Average mortgage shelf-life plummets to new low in March as number of deals shrinks.
It may be a relief to see that this week brings drops in some of the lowest mortgage rates. For example, the cheapest-priced three-year remortgage rate has dipped, as has the lowest five-year fix for homemovers and the lowest two-year fix for those with a 5% deposit.
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: 15/04/2026
Rate: 4.79% fixed until 30 June 2028 before reverting to 6.74%
Initial period: 2 years
Product fee: £1,495
Maximum loan-to-value: 60%
APRC: 6.6%
Representative example: £210,000 mortgage over 25 years initially at 4.79% fixed for 26 months reverting to 6.74% variable for term. 26 monthly payments of £1202.08 and 274 monthly payments of £1432.34. Total amount payable £425,590.24 includes loan amount, interest of £213,715, valuation fees of £0 and product fees of £1495. The overall cost for comparison is 6.6% APRC representative.
Rate: 4.79% fixed until 30 June 2028 before reverting to 6.74%
Initial period: 2 years
Product fee: £1,495
Maximum loan-to-value: 60%
APRC: 6.6%
Representative example: £210,000 mortgage over 25 years initially at 4.79% fixed for 26 months reverting to 6.74% variable for term. 26 monthly payments of £1202.08 and 274 monthly payments of £1432.34. Total amount payable £425,590.24 includes loan amount, interest of £213,715, valuation fees of £0 and product fees of £1495. The overall cost for comparison is 6.6% APRC representative.
Rate: 4.84% fixed until 31 July 2029 before reverting to 6.29%
Initial period: 3 years
Product fee: £795
Maximum loan-to-value: 60%
APRC: 6.1%
Representative example: £210,000 mortgage over 25 years initially at 4.84% fixed for 39 months reverting to 6.29% variable for term. 39 monthly payments of £1208.14 and 261 monthly payments of £1371.37. Total amount payable £406,220.03 includes loan amount, interest of £195,045, valuation fees of £0 and product fees of £795. The overall cost for comparison is 6.1% APRC representative.
Rate: 4.80% fixed for 5 years before reverting to 6.49%
Initial period: 5 years
Product fee: £999
Maximum loan-to-value: 60%
APRC: 6.0%
Representative example: £210,000 mortgage over 25 years initially at 4.80% fixed for 60 months reverting to 6.49% variable for term. 60 monthly payments of £1203.29 and 240 monthly payments of £1381.35. Total amount payable £405,100.40 includes loan amount, interest of £193,721, valuation fees of £0 and product fees of £999. The overall cost for comparison is 6.0% APRC representative.
Rate: 4.80% fixed until 31 July 2031 before reverting to 6.74%
Initial period: 5 years
Product fee: £995
Maximum loan-to-value: 60%
APRC: 6.1%
Representative example: £210,000 mortgage over 25 years initially at 4.80% fixed for 63 months reverting to 6.74% variable for term. 63 monthly payments of £1203.29 and 237 monthly payments of £1406.61. Total amount payable £410,638.84 includes loan amount, interest of £199,174, valuation fees of £0 and product fees of £995. The overall cost for comparison is 6.1% APRC representative.
The lowest two-year fixed rate for remortgage borrowers held steady this week, still offered by an online-exclusive deal from NatWest and another two deals from its intermediary arm, NatWest Int Sols, at 4.79% to finance up to 60% loan-to-value (LTV). While they charge a hefty £1,495 arrangement fee, borrowers will receive a free valuation. With the online-exclusive deal and one of the NatWest Int Sols options, borrowers will also receive free legal fees, while the remaining NatWest Int Sols deal comes with the perk of £350 cashback instead. Borrowers across Great Britain and Northern Ireland are eligible to apply for the NatWest mortgage direct from the lender.
Those with less equity could consider a Moneyfacts Best Buy two-year fix from NatWest charging 4.92% to finance up to 75% LTV. While borrowers will need to budget for a £995 arrangement fee, they’ll receive a free valuation and free legal fees. This direct deal can be accessed by borrowers in Great Britain and Northern Ireland.
Borrowers in Great Britain will find that the cheapest priced three-year fix has dropped to 4.84% this week and can be applied for direct from Skipton BS or via selected intermediaries. It can finance up to 60% of a property’s value and comes with the perks of a free valuation and free legal fees, but borrowers will face a £795 completion fee.
Alternatively, borrowers in Great Britain with less equity could explore a deal from the same lender at a higher 5.06% that can finance up to 85% LTV. Otherwise, it comes with the same features as the mortgage above.
The lowest five-year fix continues to be found from two lenders this week. One is Nationwide BS, still charging 4.80% to finance up to 60% LTV. This mortgage comes with a £999 product fee and provides a free valuation alongside a choice between free legal fees or an attractive £500 cashback. It’s accessible from the lender directly for those in Great Britain and Northern Ireland (excluding the Scilly Isles).
Also continuing to charge the lowest five-year fixed remortgage rate at 4.80% is Yorkshire Building Society. This mortgage can finance a maximum LTV of 60% and has a marginally smaller product fee of £995. It offers a free valuation and free legal fees and is available to borrowers across Great Britain and Northern Ireland.
Last updated: 15/04/2026
Rate: 4.71% fixed for 2 years before reverting to 6.49%
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 4.71% fixed for 24 months reverting to 6.49% variable for term. 24 monthly payments of £1419.55 and 276 monthly payments of £1669.25. Total amount payable £495,831.20 includes loan amount, interest of £244,782, valuation fees of £0 and product fees of £999. The overall cost for comparison is 6.4% APRC representative.
Rate: 4.75% fixed for 3 years before reverting to 6.49%
Initial period: 3 years
Product fee: £999
Maximum loan-to-value: 60%
APRC: 6.2%
Representative example: £250,000 mortgage over 25 years initially at 4.75% fixed for 36 months reverting to 6.49% variable for term. 36 monthly payments of £1425.29 and 264 monthly payments of £1661.01. Total amount payable £490,866.08 includes loan amount, interest of £239,817, valuation fees of £0 and product fees of £999. The overall cost for comparison is 6.2% APRC representative.
Rate: 4.74% fixed until 31 July 2031 before reverting to 6.29%
Initial period: 5 years
Product fee: £1,995
Maximum loan-to-value: 60%
APRC: 5.8%
Representative example: £250,000 mortgage over 25 years initially at 4.74% fixed for 63 months reverting to 6.29% variable for term. 63 monthly payments of £1423.86 and 237 monthly payments of £1614.97. Total amount payable £474,496.07 includes loan amount, interest of £222,451, valuation fees of £0 and product fees of £1995. The overall cost for comparison is 5.8% APRC representative.
Nationwide BS continues to offer the lowest rates on two- and three-year fixed mortgages for homemovers in Great Britain and Northern Ireland (excluding the Scilly Isles) this week, charging 4.71% and 4.75%, respectively, to finance up to 60% LTV. These two and three-year mortgages, which can be applied for direct from the lender or via an intermediary, come with a £999 product fee and offer £250 cashback to those buying a home with an Energy Performance Certificate Rating (EPC) between 86 and 91. This rises to £500 cashback if the score reaches 92 or higher. Considering its true overall cost, the two-year mortgage qualifies as a Moneyfacts Best Buy.
Borrowers needing to finance a larger portion of their property could consider a two- or three-year fixed Moneyfacts Best Buy deal from the same lender, charging 4.82% and 4.87%, respectively, to finance a maximum LTV of 75%. These mortgages have the same features as the previous deals.
The lowest five-year fixed rate for homemovers has dipped to 4.74% this week and is now offered by Skipton BS. This deal, which can finance up to 60% LTV, comes with a sizeable £1,995 completion fee but provides the incentive of a free valuation. Available to borrowers across Great Britain, it can be accessed direct from the lender or via an intermediary.
Those in Great Britain and Northern Ireland who own less equity could explore a direct five-year fixed mortgage from Yorkshire Building Society at 4.79%, which can finance a maximum LTV of 75%. While it charges £995 in completion fees, it provides borrowers with the benefit of a free valuation.
Last updated: 15/04/2026
Rate: 5.17% fixed until 31 July 2028 before reverting to 6.29%
Initial period: 2 years
Product fee: £1,495
Maximum loan-to-value: 90%
APRC: 6.3%
Representative example: £200,000 mortgage over 25 years initially at 5.17% fixed for 27 months reverting to 6.29% variable for term. 27 monthly payments of £1189.07 and 273 monthly payments of £1314.83. Total amount payable £392,598.48 includes loan amount, interest of £191,053, valuation fees of £0 and product fees of £1495. The overall cost for comparison is 6.3% APRC representative.
Rate: 5.06% fixed until 30 June 2031 before reverting to 5.74%
Initial period: 5 years
Product fee: £899
Maximum loan-to-value: 90%
APRC: 5.6%
Representative example: £200,000 mortgage over 25 years initially at 5.06% fixed for 62 months reverting to 5.74% variable for term. 62 monthly payments of £1176.18 and 238 monthly payments of £1243.53. Total amount payable £369,912.30 includes loan amount, interest of £168,883, valuation fees of £0 and product fees of £899. The overall cost for comparison is 5.6% APRC representative.
Rate: 5.47% fixed until 31 July 2028 before reverting to 7.74%
Initial period: 2 years
Product fee: £999
Maximum loan-to-value: 95%
APRC: 7.5%
Representative example: £200,000 mortgage over 25 years initially at 5.47% fixed for 27 months reverting to 7.74% variable for term. 27 monthly payments of £1224.59 and 273 monthly payments of £1489.67. Total amount payable £440,991.84 includes loan amount, interest of £239,744, valuation fees of £0 and product fees of £999. The overall cost for comparison is 7.5% APRC representative.
Rate: 5.32% fixed until 30 June 2031 before reverting to 5.74%
Initial period: 5 years
Product fee: £0
Maximum loan-to-value: 95%
APRC: 5.7%
Representative example: £200,000 mortgage over 25 years initially at 5.32% fixed for 62 months reverting to 5.74% variable for term. 62 monthly payments of £1206.77 and 238 monthly payments of £1248.78. Total amount payable £372,159.38 includes loan amount, interest of £172,029, valuation fees of £0 and product fees of £0. The overall cost for comparison is 5.7% APRC representative.
The lowest two-year fixed rate for first-time buyers in Great Britain with a 10% deposit has increased this week to 5.17%. This mortgage, from Skipton BS (available direct or via an intermediary), comes with a £1,495 completion fee but provides a free valuation.
Alternatively, those looking to save on upfront costs could explore a two-year fix from Leeds BS that doesn’t come with any additional product fees. It charges a higher 5.40% and comes with the extra perk of a free valuation (up to £999). Borrowers in England, Wales, mainland Scotland and Northern Ireland can apply for this mortgage direct from the lender or via an intermediary.
Those looking for a five-year fixed mortgage to finance up to 90% LTV will find that Barclays Mortgage continues to offer the cheapest-priced deal at 5.06%. Available direct from the lender or via an intermediary across Great Britain and Northern Ireland, this deal comes with the incentive of a free valuation. Borrowers will face £899 in arrangement fees.
Elsewhere, first-time buyers in Great Britain wanting a greater range of incentives could consider a five-year fix from Coventry BS which provides a free valuation, an attractive £500 cashback, and no additional product fees. Costing 5.20% to finance up to 90% LTV, it can be applied for direct from Coventry BS, or via selected intermediaries.
Encouragingly for first-time buyers with a 5% deposit, the lowest two-year fixed rate has dropped to 5.47% this week and is now provided by Leeds BS. This deal, which can be accessed from the lender directly or via intermediaries by borrowers in England, Wales, mainland Scotland and Northern Ireland, offers a free valuation (up to £999) and comes with a £999 arrangement fee.
First-time buyers with a 5% deposit looking to keep upfront costs low could explore a two-year Moneyfacts Best Buy deal from Coventry BS costing 5.56% that doesn’t charge any additional product fees. Borrowers across Great Britain are eligible to apply for this mortgage, which comes with the extra perks of a free valuation and £500 cashback.
Remaining at 5.32%, the lowest five-year fixed rate for first-time buyers with a 5% deposit continues to come from Barclays Mortgage. The lender’s Springboard mortgage lets a borrower’s family and friends deposit 10% of the property value into a Helpful Start Account for a minimum of five years to help with the daunting costs of buying a first home. For more information on how this works, see Barclays Mortgage’s website. This deal is available across Great Britain and Northern Ireland and appealingly doesn’t charge any additional product fees. What’s more, this Moneyfacts Best Buy comes with the extra perk of a free valuation. Apply direct from the lender or via intermediaries.
Elsewhere, Marsden BS offers the next lowest rate on a five-year fix for those in England and Wales with a 5% deposit, charging 5.35%. It provides the incentives of a free valuation and doesn’t come with any additional product fees. Those who qualify can apply for this mortgage direct from Marsden BS, or via selected intermediaries. Considering its features, it qualifies as a Moneyfacts Best Buy.
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