Last updated: 11 March 2026 at 13:55
Latest mortgage news: Average mortgage rates soar and many lenders withdraw products as the market adjusts to the ongoing war in the Middle East.
As of today (11 March 2026), the average two-year and five-year fixed residential mortgage rates now sit above 5%, according to recent analysis from Moneyfactscompare.co.uk. This may cause disappointment among borrowers who had previously expected rates to drop.
How far rates rise “is now heavily dependent on how global markets and inflation expectations evolve as conflict in the Middle East unfolds,” explained Adam French, Head of Consumer Finance at Moneyfactscompare.co.uk.
What’s more, over the last 48 hours a startling 472 residential mortgage products were withdrawn from the market – the biggest drop in available mortgage product numbers since the fallout from the mini-Budget in September 2022.
However, while French reassured that “many of these deals are likely to return within the next few days and weeks as lenders adjust their pricing to higher rate expectations,” borrowers should prepare for the possibility of rates climbing even higher.
Read more: Mortgage rates rise above 5% amid Middle East conflict.
Due to the turbulence of the market the lowest residential fixed mortgage rates have all increased this week.
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: 11/03/2026
Rate: 3.76% fixed until 31 May 2028 before reverting to 6.74%
Initial period: 2 years
Product fee: £1,495
Maximum loan-to-value: 60%
APRC: 6.4%
Representative example: £210,000 mortgage over 25 years initially at 3.76% fixed for 26 months reverting to 6.74% variable for term. 26 monthly payments of £1080.82 and 274 monthly payments of £1421.69. Total amount payable £419,519.38 includes loan amount, interest of £207,644, valuation fees of £0 and product fees of £1495. The overall cost for comparison is 6.4% APRC representative.
Rate: 3.76% fixed until 31 May 2028 before reverting to 6.74%
Initial period: 2 years
Product fee: £1,495
Maximum loan-to-value: 60%
APRC: 6.4%
Representative example: £210,000 mortgage over 25 years initially at 3.76% fixed for 26 months reverting to 6.74% variable for term. 26 monthly payments of £1080.82 and 274 monthly payments of £1421.69. Total amount payable £419,519.38 includes loan amount, interest of £207,644, valuation fees of £0 and product fees of £1495. The overall cost for comparison is 6.4% APRC representative.
Rate: 3.85% fixed until 30 June 2029 before reverting to 5.74%
Initial period: 3 years
Product fee: £999
Maximum loan-to-value: 60%
APRC: 5.4%
Representative example: £210,000 mortgage over 25 years initially at 3.85% fixed for 39 months reverting to 5.74% variable for term. 39 monthly payments of £1091.14 and 261 monthly payments of £1294.16. Total amount payable £381,789.22 includes loan amount, interest of £170,330, valuation fees of £0 and product fees of £999. The overall cost for comparison is 5.4% APRC representative.
Rate: 3.89% fixed until 31 May 2031 before reverting to 6.74%
Initial period: 5 years
Product fee: £1,495
Maximum loan-to-value: 60%
APRC: 5.7%
Representative example: £210,000 mortgage over 25 years initially at 3.89% fixed for 62 months reverting to 6.74% variable for term. 62 monthly payments of £1095.74 and 238 monthly payments of £1384.89. Total amount payable £399,414.70 includes loan amount, interest of £187,540, valuation fees of £0 and product fees of £1495. The overall cost for comparison is 5.7% APRC representative.
Rate: 3.89% fixed until 31 May 2031 before reverting to 6.74%
Initial period: 2 years
Product fee: £1,495
Maximum loan-to-value: 60%
APRC: 5.7%
Representative example: £210,000 mortgage over 25 years initially at 3.89% fixed for 62 months reverting to 6.74% variable for term. 62 monthly payments of £1095.74 and 238 monthly payments of £1384.89. Total amount payable £399,414.70 includes loan amount, interest of £187,540, valuation fees of £0 and product fees of £1495. The overall cost for comparison is 5.7% APRC representative.
There have been increases across all the lowest fixed remortgage rates this week, with the cheapest two- and five-year fixes now offered by NatWest and its intermediary arm, NatWest Int Sols. These mortgages, charging 3.76% and 3.89%, respectively, can be used to finance up to 60% loan-to-value (LTV) and are available across Great Britain and Northern Ireland. NatWest has one deal at each rate, while NatWest Int Sols has two deals at each. These mortgages all include a free valuation. Both of the NatWest deals and one of the two- and five-year options from NatWest Int Sols additionally include free legal fees, while the others instead offer £350 cashback. Borrowers will need to budget for the hefty £1,495 arrangement fee which is charged on all deals. The NatWest mortgages can be applied for direct from the lender.
Alternatively, those looking to save on upfront costs could consider a two-year Moneyfacts Best Buy deal from Barclays Mortgage at 4.10% that doesn’t charge any product fees. This deal can finance up to 60% LTV and offers a free valuation, free legal fees and £150 cashback. Borrowers in Great Britain and Northern Ireland can apply for this mortgage direct from the lender or via an intermediary.
Homeowners who prefer a five-year deal to finance a larger portion of their property could consider one from NatWest charging 3.99% to finance a maximum LTV of 75%. It includes a £1,495 arrangement fee but comes with a free valuation and free legal fees. It can be applied for direct via NatWest by borrowers in Great Britain and Northern Ireland.
The lowest three-year fixed rate for those in Great Britain and Northern Ireland comes from Barclays Mortgage at an increased 3.85%. While it charges a £999 arrangement fee, it comes with a free valuation and a choice between free legal fees or £350 cashback. This deal can be applied for direct from Barclays Mortgage or via an intermediary.
Those with less equity could explore a three-year fix from Skipton BS. Charging 4.33% to finance up to 85% LTV, this mortgage has no product fees and comes with the added incentives of a free valuation and free legal fees. Available in Great Britain direct from Skipton BS or via intermediaries, this deal qualifies as a Moneyfacts Best Buy.
Last updated: 11/03/2026
Rate: 3.72% fixed until 31 May 2028 before reverting to 6.74%
Initial period: 2 years
Product fee: £1,495
Maximum loan-to-value: 60%
APRC: 6.3%
Representative example: £250,000 mortgage over 25 years initially at 3.72% fixed for 26 months reverting to 6.74% variable for term. 26 monthly payments of £1281.25 and 274 monthly payments of £1691.97. Total amount payable £498,457.28 includes loan amount, interest of £246,912, valuation fees of £0 and product fees of £1495. The overall cost for comparison is 6.3% APRC representative.
Rate: 3.72% fixed until 31 May 2028 before reverting to 6.74%
Initial period: 2 years
Product fee: £1,495
Maximum loan-to-value: 60%
APRC: 6.3%
Representative example: £250,000 mortgage over 25 years initially at 3.72% fixed for 26 months reverting to 6.74% variable for term. 26 monthly payments of £1281.25 and 274 monthly payments of £1691.97. Total amount payable £498,457.28 includes loan amount, interest of £246,912, valuation fees of £0 and product fees of £1495. The overall cost for comparison is 6.3% APRC representative.
Rate: 3.89% fixed for three years before reverting to 6.49%
Initial period: 3 years
Product fee: £995
Maximum loan-to-value: 60%
APRC: 6.0%
Representative example: £250,000 mortgage over 25 years initially at 3.89% fixed for 36 months reverting to 6.49% variable for term. 36 monthly payments of £1304.46 and 264 monthly payments of £1646.69. Total amount payable £482,735.72 includes loan amount, interest of £231,687, valuation fees of £0 and product fees of £999. The overall cost for comparison is 6.0% APRC representative.
Rate: 3.89% fixed until 31 May 2031 before reverting to 6.74%
Initial period: 5 years
Product fee: £1,495
Maximum loan-to-value: 60%
APRC: 5.7%
Representative example: £250,000 mortgage over 25 years initially at 3.89% fixed for 62 months reverting to 6.74% variable for term. 62 monthly payments of £1304.46 and 238 monthly payments of £1648.68. Total amount payable £474,807.36 includes loan amount, interest of £223,262, valuation fees of £0 and product fees of £1495. The overall cost for comparison is 5.7% APRC representative.
Rate: 3.89% fixed until 31 May 2031 before reverting to 6.74%
Initial period: 5 years
Product fee: £1,495
Maximum loan-to-value: 60%
APRC: 5.7%
Representative example: £250,000 mortgage over 25 years initially at 3.89% fixed for 62 months reverting to 6.74% variable for term. 62 monthly payments of £1304.46 and 238 monthly payments of £1648.68. Total amount payable £474,807.36 includes loan amount, interest of £223,262, valuation fees of £0 and product fees of £1495. The overall cost for comparison is 5.7% APRC representative.
Following a considerable uptick, the lowest two- and five-year mortgage rates available to homemovers can be found on deals from NatWest and NatWest Int Sols. These mortgages, charging 3.72% and 3.89%, respectively can finance a maximum LTV of 60% and are available in Great Britain and Northern Ireland. Borrowers can apply for the NatWest deals direct, or via an intermediary for the NatWest Int Sols options. Homemovers will need to budget for a £1,495 arrangement fee but will receive the perk of a free valuation.
Borrowers wanting to save on upfront costs could consider a deal from first direct at a slightly higher 3.81%, which comes with a significantly smaller £490 booking fee. It can finance a maximum 60% LTV and provides borrowers with the incentive of a free valuation. Those in Great Britain and Northern Ireland can apply for this deal direct from the lender. Considering its overall value, this mortgage earns a spot on our Moneyfacts Best Buy chart.
The cheapest-priced three-year fix has jumped to 3.89% this week and is now offered by Nationwide BS on a deal that can finance up to 60% LTV. Available in Great Britain and Northern Ireland (excluding the Scilly Isles), homemovers can apply for this mortgage direct from Nationwide BS or via an intermediary. It charges a £999 reservation fee but comes with the incentive of a free valuation. What’s more, it also offers borrowers the chance to earn £250 cashback if their new property has an Energy Performance Certificate (EPC) rating between 86 and 91, or £500 for an EPC score of 92 or higher.
Homemovers in Great Britain and Northern Ireland looking to minimise costs on a three- or five-year fix could explore Moneyfacts Best Buy deals from first direct, charging 4.01% and 3.99% respectively. These three- and five-year mortgages can finance up to 60% LTV, charge a lower £490 booking fee and come with the extra perk of a free valuation.
Last updated: 11/03/2026
Rate: 4.10% fixed until 31 July 2028 before reverting to 6.24%
Initial period: 2 years
Product fee: £999
Maximum loan-to-value: 90%
APRC: 6.0%
Representative example: £200,000 mortgage over 25 years initially at 4.10% fixed for 28 months reverting to 6.24% variable for term. 28 monthly payments of £1066.75 and 272 monthly payments of £1298.25. Total amount payable £384,242.00 includes loan amount, interest of £182,993, valuation fees of £0 and product fees of £999. The overall cost for comparison is 6.0% APRC representative.
Rate: 4.25% fixed until 31 May 2031 before reverting to 6.74%
Initial period: 5 years
Product fee: £1,499
Maximum loan-to-value: 90%
APRC: 5.9%
Representative example: £200,000 mortgage over 25 years initially at 4.25% fixed for 62 months reverting to 6.74% variable for term. 62 monthly payments of £1083.48 and 238 monthly payments of £1327.58. Total amount payable £384,883.80 includes loan amount, interest of £183,140, valuation fees of £0 and product fees of £1499. The overall cost for comparison is 5.9% APRC representative.
Rate: 4.54% fixed until 31 July 2028 before reverting to 6.24%
Initial period: 2 years
Product fee: £499
Maximum loan-to-value: 95%
APRC: 6.1%
Representative example: £200,000 mortgage over 25 years initially at 4.54% fixed for 28 months reverting to 6.24% variable for term. 28 monthly payments of £1116.21 and 272 monthly payments of £1302.70. Total amount payable £386,337.28 includes loan amount, interest of £185,588, valuation fees of £0 and product fees of £499. The overall cost for comparison is 6.1% APRC representative.
Rate: 4.68% fixed until 31 July 2028 before reverting to 6.24%
Initial period: 5 years
Product fee: £499
Maximum loan-to-value: 95%
APRC: 5.7%
Representative example: £200,000 mortgage over 25 years initially at 4.68% fixed for 64 months reverting to 6.24% variable for term. 64 monthly payments of £1132.20 and 236 monthly payments of £1285.01. Total amount payable £376,472.16 includes loan amount, interest of £175,723, valuation fees of £0 and product fees of £499. The overall cost for comparison is 5.7% APRC representative.
Rate: 4.68% fixed until 31 May 2031 before reverting to 6.74%
Initial period: 5 years
Product fee: £1,499
Maximum loan-to-value: 95%
APRC: 6.1%
Representative example: £200,000 mortgage over 25 years initially at 4.68% fixed for 62 months reverting to 6.74% variable for term. 62 monthly payments of £1132.20 and 238 monthly payments of £1337.58. Total amount payable £390,284.44 includes loan amount, interest of £188,540, valuation fees of £0 and product fees of £1499. The overall cost for comparison is 6.1% APRC representative.
The lowest two-year mortgage rate for first-time buyers with a 10% deposit continues to come from West Brom BS, but at a higher 4.10% this week. Borrowers in England and Wales can apply for this deal direct from the lender or via selected intermediaries. It comes with a free valuation (up to £740) but charges a £999 completion fee.
Alternatively, for a two-year deal with a wider range of incentives, borrowers could consider a fix from NatWest at 4.18%. This mortgage comes with a free valuation and £250 cashback and can be applied for direct via the lender by those in Great Britain and Northern Ireland. Borrowers will need to budget for the £995 arrangement fee.
After increases in the sector, the lowest five-year fixed rate on first-time buyer deals with a maximum LTV of 90% has risen to 4.25%. This deal from Clydesdale Bank comes with a £1,499 arrangement fee but provides borrowers with a free valuation and free legal fees. Available in Great Britain, borrowers can apply for this mortgage via an intermediary.
Those looking to save on upfront costs could consider two deals from NatWest charging 4.43% which don’t cost borrowers any additional product fees. Alongside this, both deals offer a free valuation, with one mortgage also providing £250 cashback. These are available to borrowers in Great Britain and Northern Ireland direct from the lender. These deals are among similar offers from NatWest Int Sols and Royal Bank of Scotland (RBS) at 4.43%.
West Brom BS now offers the cheapest-priced two-year and five-year fix for first-time buyers with a 5% deposit in England and Wales at 4.54% and 4.68%, respectively. Both can be applied for direct or via an intermediary. Borrowers will receive a free valuation (up to £740) and will face a relatively small £499 completion fee. Considering their features, these mortgages earn a place on our Moneyfacts Best Buy chart.
Clydesdale Bank also charges the lowest five-year fixed rate for those with a 5% deposit at 4.68%. Its broker-exclusive deal comes with a large £1,499 arrangement fee, but borrowers will receive the incentive of a free valuation. First-time buyers in Great Britain can apply for this mortgage via an intermediary.
Those with a 5% deposit who would prefer a wider range of incentives could explore a two-year fix from Santander at 4.75%. This Moneyfacts Best Buy doesn’t charge any additional product fees, comes with a free valuation (up to £1,190) and offers £250 cashback. Borrowers in Great Britain and Northern Ireland can apply for this mortgage direct from Santander or via an intermediary.
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