Last updated: 17 June 2026 at 15:00
Latest mortgage news: Selected fixed mortgage rates fall as borrowers have reason to feel cautiously optimistic.
Nationwide BS was one of the lenders to make significant cuts to some of its mortgage products this week, resulting in a drop to the lowest two-, three- and five-year fixed rates for homemovers.
This activity, as well as the prospect of peace between the US and Iran, could make borrowers feel more positive about the mortgage market over the coming months.
“Mortgage borrowers will breathe a sigh of relief at the news of a peace deal in Iran,” Adam French, Head of Consumer Finance at Moneyfactscompare.co.uk, noted, but added that “we are far from being out of the woods yet”.
“Borrowers can be optimistic but with a word of caution, as inflation and economic data will continue to influence the outlook. However, a lasting peace should remove one of the biggest risks to mortgage costs and may help restore a more stable environment for hard-pressed remortgage borrowers and prospective buyers,” he explained.
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: 17/06/2026
Rate: 4.54% fixed until 31 August 2028 before reverting to 7.24%
Initial period: 2 years
Product fee: £1,495
Maximum loan-to-value: 60%
APRC: 7.0%
Representative example: £210,000 mortgage over 25 years initially at 4.54% fixed for 26 months reverting to 7.24% variable for term. 26 monthly payments of £1172.02 and 274 monthly payments of £1491.95. Total amount payable £441,141.82 includes loan amount, interest of £229,267, valuation fees of £0 and product fees of £1495. The overall cost for comparison is 7.0% APRC representative.
Rate: 4.68% fixed until 2 September 2029 before reverting to 6.50%
Initial period: 3 years
Product fee: £999
Maximum loan-to-value: 60%
APRC: 6.2%
Representative Example: £210,000 mortgage over 25 years initially at 4.68% fixed for 38 months reverting to 6.50% variable for term. 38 monthly payments of £1188.81 and 262 monthly payments of £1394.19. Total amount payable £412,056.56 includes loan amount, interest of £200,453, valuation fees of £0 and product fees of £999. The overall cost for comparison is 6.2% APRC representative.
Rate: 4.59% fixed until 31 July 2031 before reverting to 6.24%
Initial period: 5 years
Product fee: £999
Maximum loan-to-value: 60%
APRC: 5.7%
Representative example: £210,000 mortgage over 25 years initially at 4.59% fixed for 61 months reverting to 6.24% variable for term. 61 monthly payments of £1178.00 and 239 monthly payments of £1348.93. Total amount payable £395,726.27 includes loan amount, interest of £184,252, valuation fees of £0 and product fees of £999. The overall cost for comparison is 5.7% APRC representative.
Rate: 4.59% fixed until 30 September 2031 before reverting to 6.74%
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 4.59% fixed for 63 months reverting to 6.74% variable for term. 63 monthly payments of £1178.00 and 237 monthly payments of £1401.49. Total amount payable £408,242.13 includes loan amount, interest of £196,367, valuation fees of £0 and product fees of £1495. The overall cost for comparison is 6.0% APRC representative.
Rate: 4.59% fixed until 30 September 2031 before reverting to 6.74%
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 4.59% fixed for 63 months reverting to 6.74% variable for term. 63 monthly payments of £1178.00 and 237 monthly payments of £1401.49. Total amount payable £408,242.13 includes loan amount, interest of £196,367, valuation fees of £0 and product fees of £1495. The overall cost for comparison is 6.0% APRC representative.
The lowest two-year fixed rate for remortgage borrowers in Great Britain remains at 4.54%, offered by two deals from TSB (available direct or via selected intermediaries). These mortgages have a maximum loan-to-value (LTV) of 60% and charge a hefty £1,495 arrangement fee but also offer the perk of a free valuation. Moreover, one deal comes with free legal fees while the other gives borrowers £300 cashback instead.
If remortgage borrowers would prefer a deal with lower upfront costs, first direct offers a mortgage at 4.64% that charges a smaller product fee of £490. Featuring as a Moneyfacts Best Buy, this deal can finance up to 60% LTV and has the incentives of a free valuation and free legal fees. Borrowers in Great Britain and Northern Ireland can apply for this mortgage from the lender directly.
Santander continues to offer the lowest three-year fixed remortgage rate of 4.68%. Homeowners in Great Britain and Northern Ireland can access this deal from the lender directly or via an intermediary to finance up to 60% of their property’s value. They will need to pay a £999 arrangement fee but can choose from the perks of free legal fees or £250 cashback. Furthermore, those in England, Wales and Northern Ireland can benefit from a free valuation (up to £1,190) while borrowers in Scotland will get up to £95 towards valuation costs
Homeowners in Great Britain with less equity in their property may be interested in a three-year fixed deal from Skipton BS at 5.08% that can finance up to 85% LTV. This deal, which is available from the lender directly or via intermediaries, doesn’t charge any product fees and offers the extra benefits of a free valuation and free legal fees. Considering its overall value and true cost, it features as a Moneyfacts Best Buy.
The lowest five-year fixed remortgage rate remains at 4.59% but, this week, HSBC is joined by NatWest and NatWest Int Sols after these providers lowered rates. All these mortgages are available across Great Britain and Northern Ireland and can finance up to 60% LTV.
HSBC’s mortgage charges a £999 product fee and offers the perks of a free valuation and a choice of either free legal fees or £300 cashback. It can be accessed from the bank directly or through selected intermediaries.
Meanwhile, the deal from NatWest (available online from the lender) and two deals from its intermediary-arm, NatWest Int Sols, charge the same rate and come with a free valuation. The NatWest deal and one of the intermediary-only deals also offer free legal fees while the other NatWest Int Sols option gives borrowers £350 cashback instead. However, all these mortgages come with a higher £1,495 arrangement fee.
Last updated: 17/06/2026
Rate: 4.34% fixed for two years before reverting to 6.49%
Initial period: 2 years
Product fee: £999
Maximum loan-to-value: 60%
APRC: 6.3%
Representative example: £250,000 mortgage over 25 years initially at 4.34% fixed for 24 months reverting to 6.49% variable for term. 24 monthly payments of £1366.97 and 276 monthly payments of £1665.24. Total amount payable £493,462.52 includes loan amount, interest of £242,414, valuation fees of £0 and product fees of £999. The overall cost for comparison is 6.3% APRC representative.
Rate: 4.49% fixed for three years before reverting to 6.49%
Initial period: 3 years
Product fee: £999
Maximum loan-to-value: 60%
APRC: 6.1%
Representative example: £250,000 mortgage over 25 years initially at 4.49% fixed for 36 months reverting to 6.49% variable for term. 36 monthly payments of £1388.16 and 264 monthly payments of £1656.80. Total amount payable £488,417.96 includes loan amount, interest of £237,369, valuation fees of £0 and product fees of £999. The overall cost for comparison is 6.1% APRC representative.
Rate: 4.39% fixed for five years before reverting to 6.49%
Initial period: 5 years
Product fee: £999
Maximum loan-to-value: 60%
APRC: 5.8%
Representative example: £250,000 mortgage over 25 years initially at 4.39% fixed for 60 months reverting to 6.49% variable for term. 60 monthly payments of £1374.02 and 240 monthly payments of £1633.28. Total amount payable £475,477.40 includes loan amount, interest of £224,428, valuation fees of £0 and product fees of £999. The overall cost for comparison is 5.8% APRC representative.
Encouragingly for those planning to move home, the lowest fixed rates fell across the board this week after Nationwide BS made cuts. The building society now offers the cheapest-priced two-year fixed deal at 4.34%, as well as the lowest three-year and five-year fixed rates of 4.49% and 4.39%, respectively, with the three-year and five-year options featuring on our Moneyfacts Best Buy charts. All these mortgages are available across Great Britain and Northern Ireland (excluding the Scilly Isles) and can be applied for from the lender directly or via intermediaries. They can finance up to 60% of your property purchase, charge a £999 product fee and offer a free valuation. Those moving to an energy-efficient home may find these mortgages particularly appealing as they pay £250 cashback if your property has an Energy Performance Certificate (EPC) rating of 86 to 91, or a higher £500 cashback if it has a score of 92 or higher.
Alternatively, if homemovers require a deal with a higher maximum LTV, first direct offers a two-year deal and a three-year deal at 4.60% and 4.73%, respectively, that can finance up to 75% of your property purchase. Both mortgages, which feature as Moneyfacts Best Buys, come with a £490 product fee and the incentive of a free valuation. Borrowers in Great Britain and Northern Ireland can apply for these deals from the lender directly.
For a five-year fixed mortgage with a higher maximum LTV of 85%, homemovers in Great Britain and Northern Ireland (excluding the Scilly Isles) could consider a Moneyfacts Best Buy deal from Nationwide BS at 4.69%. It doesn’t charge any product fees and offers the same package of incentives as the deals mentioned above.
Last updated: 17/06/2026
Rate: 4.74% fixed until 1 September 2028 before reverting to 6.74%
Initial period: 2 years
Product fee: £999
Maximum loan-to-value: 90%
APRC: 6.5%
Representative example: £200,000 mortgage over 25 years initially at 4.74% fixed for 26 months reverting to 6.74% variable for 58 months and 6.49% variable for term. 26 monthly payments of £1139.08, 58 monthly payments of £1363.67 and 216 monthly payments of £1339.13. Total amount payable £399,109.02 includes loan amount, interest of £197,961, valuation fees of £0 and product fees of £999. The overall cost for comparison is 6.5% APRC representative.
Rate: 4.74% fixed until 1 September 2031 before reverting to 6.74%
Initial period: 5 years
Product fee: £999
Maximum loan-to-value: 90%
APRC: 6.0%
Representative example: £200,000 mortgage over 25 years initially at 4.74% fixed for 62 months reverting to 6.74% variable for 22 months and 6.49% variable for term. 62 monthly payments of £1139.08, 22 monthly payments of £1338.95 and 216 monthly payments of £1314.86. Total amount payable £385,237.62 includes loan amount, interest of £184,090, valuation fees of £0 and product fees of £999. The overall cost for comparison is 6.0% APRC representative.
Rate: 5.19% fixed until 31 December 2028 reverting to 6.62%
Initial period: 2 years
Product fee: £999
Maximum loan-to-value: 95%
APRC: 6.5%
Representative example: £200,000 mortgage over 25 years initially at 5.19% fixed for 30 months reverting to 6.62% variable for term. 30 monthly payments of £1191.43 and 270 monthly payments of £1351.85. Total amount payable £401,891.40 includes loan amount, interest of £200,742, valuation fees of £0 and product fees of £999. The overall cost for comparison is 6.5% APRC representative.
Rate: 5.24% fixed until 30 September 2031 before reverting to 7.74%
Initial period: 5 years
Product fee: £0
Maximum loan-to-value: 95%
APRC: 6.8%
Representative example: £200,000 mortgage over 25 years initially at 5.24% fixed for 63 months reverting to 7.74% variable for term. 63 monthly payments of £1197.32 and 237 monthly payments of £1456.12. Total amount payable £420,780.60 includes loan amount, interest of £220,532, valuation fees of £0 and product fees of £0. The overall cost for comparison is 6.8% APRC representative.
Rate: 5.24% fixed until 30 September 2031 before reverting to 6.29%
Initial period: 5 years
Product fee: £995
Maximum loan-to-value: 95%
APRC: 6.0%
Representative example: £200,000 mortgage over 25 years initially at 5.24% fixed for 63 months reverting to 6.29% variable for term. 63 monthly payments of £1197.32 and 237 monthly payments of £1302.89. Total amount payable £385,261.09 includes loan amount, interest of £184,216, valuation fees of £0 and product fees of £995. The overall cost for comparison is 6.0% APRC representative.
After Virgin Money made cuts this week, the lowest two-year and five-year fixed rates on mortgages with a maximum LTV of 90% have dipped to 4.74%. Both deals can only be accessed via an intermediary and are available to first-time buyers in Great Britain and Northern Ireland. While they charge a £999 arrangement fee, they also offer the benefit of a free valuation.
If first-time buyers would prefer a deal with more incentives, HSBC offers a mortgage at 4.84% that can finance up to 90% LTV. As well as a free valuation, borrowers will also receive £350 cashback which could help with the costs of getting on the property ladder. However, this mortgage does charge a £999 product fee. First-time buyers in Great Britain and Northern Ireland can access this deal from the bank directly or from selected intermediaries.
For a deal without any upfront product fees, Virgin Money offers a five-year fixed mortgage at 4.84% that also comes with the perk of a free valuation. Borrowers in Great Britain and Northern Ireland can apply for this mortgage via an intermediary to finance up to 90% of their property purchase.
Unfortunately, first-time buyers with a smaller deposit of 5% will find that the lowest two- and five-year fixed rates have edged higher this week. The Co-operative Bank for Intermediaries now offers the cheapest-priced two-year fix at 5.19%, which borrowers in Great Britain can access by applying via an intermediary. This deal charges a £999 arrangement fee and comes with the incentives of a free valuation and £250 cashback.
First-time buyers with a 5% deposit looking to cut down on upfront costs could consider a two-year fixed Moneyfacts Best Buy deal from Leeds BS at 5.27% that doesn’t charge any product fees. Available in England, Wales, mainland Scotland and Northern Ireland from the lender or an intermediary, this mortgage also comes with a free valuation (up to £999).
For those looking to secure a guaranteed rate for longer, Leeds BS and Skipton BS both charge the lowest five-year fixed rate of 5.24% on deals with a maximum LTV of 95%. The mortgage from Leeds BS doesn’t charge any product fees and also offers a free valuation (up to £999), helping it to earn a place on our Moneyfacts Best Buy chart. First-time buyers in England, Wales, mainland Scotland and Northern Ireland can apply for this deal from the provider directly or through an intermediary.
Alternatively, while the deal from Skipton BS also offers a free valuation, it charges a product fee of £995. It is available across Great Britain and can be accessed by applying to the building society directly or via intermediaries.
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