Last updated: 22 April 2026 at 13:50
Latest mortgage news: Borrowers could be facing rising mortgage costs of up to £1,700 despite stabilising rates.
There’s some respite for borrowers this week as the lowest fixed residential mortgage rates have either held firm or dropped by small margins, however, extra costs are still expected to hit hard.
“Rising mortgage rates seem to have stabilised as average rates have held firm in recent weeks. However, borrowers could still be facing a £1,700 yearly increase on a two-year fix or £1,300 on a five-year fix since the conflict in Iran began,” Caitlyn Eastell, Personal Finance Analyst at Moneyfactscompare.co.uk, commented. These figures are based on a typical £250,000 mortgage over 25 years.
Read more: Higher fuel costs drive UK inflation up to 3.3% in March
Despite some of the biggest lenders, like HSBC, Lloyds Bank, Halifax and Barclays Mortgage reducing their fixed rate mortgages by up to 0.37% in the past week, Eastell explained that markets remain vulnerable to change.
“Homebuyers will need to evaluate their affordability because rates could stay higher for longer as the Bank of England tries to bring inflation back towards its target,” 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: 24/04/2026
Rate: 4.79% fixed until 31 July 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 31 July 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: 4.82% fixed until 31 August 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 4.82% fixed for 40 months reverting to 6.29% variable for term. 40 monthly payments of £1205.72 and 260 monthly payments of £1370.57. Total amount payable £405,752.00 includes loan amount, interest of £194,577, 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.
For another consecutive week, the lowest two-year fixed rate for remortgage borrowers in Great Britain and Northern Ireland is offered by an online-exclusive deal from NatWest and two mortgages from NatWest Int Sols (its intermediary arm). Continuing to charge 4.79% to finance a maximum loan-to-value (LTV) of 60%, these deals come with a sizeable £1,495 arrangement fee and provide a free valuation. What’s more, the NatWest deal and one of the NatWest Int Sols mortgages additionally come with the perk of free legal fees, with the other NatWest Int Sols option alternatively providing £350 cashback. Those interested in the online-exclusive deal can apply direct from the lender.
Alternatively, those looking to save on upfront costs could consider a two-year fix from Barclays Mortgage charging 5.01% which comes with no additional product fees. It can finance up to 60% LTV and borrowers will receive the added perks of a free valuation, free legal fees and £150 cashback. Available across Great Britain and Northern Ireland, borrowers can apply for this Moneyfacts Best Buy deal direct from the lender or via an intermediary.
Skipton BS continues to offer the cheapest-priced three-year fix to borrowers across Great Britain, but at a lower 4.82% to finance up to 60% LTV. This mortgage, which can be applied for direct from the lender or via selected intermediaries, provides a free valuation alongside free legal fees, but borrowers will need to budget for the £795 completion fee.
Borrowers with less equity could explore a Moneyfacts Best Buy, three-year fix from the same lender at a higher 5.06% to finance a maximum LTV of 85%. Otherwise, this mortgage has the same features as the one above.
Nationwide BS is one of two lenders still charging the lowest five-year fixed remortgage rate of 4.80% to finance up to 60% LTV across Great Britain and Northern Ireland (excluding the Scilly Isles) this week. While this deal charges a £999 product fee, it provides borrowers with the benefit of a free valuation and a choice of either free legal fees or £500 cashback.
Alternatively, also charging 4.80% to finance a maximum LTV of 60% is Yorkshire Building Society. This deal comes with a slightly smaller £995 product fee, and provides the incentives of a free valuation and free legal fees. Available across Great Britain and Northern Ireland, this mortgage can be applied for direct from the lender.
Last updated: 24/04/2026
Rate: 4.60% fixed until 30 June 2028 before reverting to 5.74%
Initial period: 2 years
Product fee: £899
Maximum loan-to-value: 60%
APRC: 5.7%
Representative example: £250,000 mortgage over 25 years initially at 4.60% fixed for 26 months reverting to 5.74% variable for term. 26 monthly payments of £1403.81 and 274 monthly payments of £1559.54. Total amount payable £464,842.02 includes loan amount, interest of £213,813, valuation fees of £0 and product fees of £899. The overall cost for comparison is 5.7% APRC representative.
Rate: 4.73% fixed until 31 August 2029 before reverting to 7.24%
Initial period: 3 years
Product fee: £999
Maximum loan-to-value: 60%
APRC: 6.7%
Representative example: £250,000 mortgage over 25 years initially at 4.73% fixed for 40 months reverting to 7.24% variable for term. 40 monthly payments of £1422.42 and 260 monthly payments of £1763.45. Total amount payable £516,542.80 includes loan amount, interest of £265,394, valuation fees of £100 and product fees of £999. The overall cost for comparison is 6.7% APRC representative.
Rate: 4.73% fixed until 31 August 2029 before reverting to 7.24%
Initial period: 3 years
Product fee: £999
Maximum loan-to-value: 60%
APRC: 6.7%
Representative example: £250,000 mortgage over 25 years initially at 4.73% fixed for 40 months reverting to 7.24% variable for term. 40 monthly payments of £1422.42 and 260 monthly payments of £1763.45. Total amount payable £516,542.80 includes loan amount, interest of £265,394, valuation fees of £100 and product fees of £999. The overall cost for comparison is 6.7% APRC representative.
Rate: 4.74% fixed until 31 August 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.
The lowest rate on a two-year fixed mortgage for homemovers has dropped to 4.60% this week and is now offered by Barclays Mortgage. This deal, which can finance up to 60% LTV, comes with a free valuation but borrowers will face an £899 arrangement fee. Those across Great Britain and Northern Ireland are eligible to apply for this mortgage direct from the lender, or via an intermediary.
Homemovers with less equity could explore a two-year fixed deal from the same lender at 4.74% to finance up to 75% LTV. It has the same features as the deal above, and, considering its overall value, earns a place on our Moneyfacts Best Buy chart.
The lowest three-year fixed mortgage rate for borrowers in Great Britain and Northern Ireland has also seen a marginal dip, with Halifax and Lloyds Bank each offering a deal at 4.73% to finance a maximum LTV of 60%. These mortgages cost £999 in arrangement fees but provide borrowers with £250 cashback if their property has an Energy Performance Certificate (EPC) rating of 81 or higher. Both deals can be applied for direct from the lender.
Those looking for a wider array of incentives could consider a three-year Moneyfacts Best Buy deal from Santander that charges a higher 4.78% but provides borrowers with a free valuation (up to £1,190) and £250 cashback. It can finance up to 60% LTV and costs a marginally higher £999 in arrangement fees. Available across Great Britain and Northern Ireland, it can be applied for direct from the lender or via intermediaries.
Elsewhere, Skipton BS still offers the cheapest-priced five-year fix at 4.74% this week. This mortgage can finance up to 60% LTV and comes with a hefty £1,995 completion fee but borrowers will receive the incentive of a free valuation. Borrowers in Great Britain can access this deal from the lender directly or via an intermediary.
Alternatively, those in Great Britain and Northern Ireland with less equity in their home could explore a direct five-year deal from Yorkshire Building Society which can finance up to 75% LTV. Charging 4.79%, this mortgage comes with a £995 completion fee and provides the perk of a free valuation. Considering its features, this deal qualifies for a place on our Moneyfacts Best Buy chart.
Last updated: 24/04/2026
Rate: 5.09% fixed until 31 July 2028 before reverting to 6.74%
Initial period: 2 years
Product fee: £995
Maximum loan-to-value: 90%
APRC: 6.6%
Representative example: £200,000 mortgage over 25 years initially at 5.09% fixed for 27 months reverting to 6.74% variable for term. 27 monthly payments of £1179.69 and 273 monthly payments of £1366.35. Total amount payable £405,910.18 includes loan amount, interest of £204,865, valuation fees of £0 and product fees of £995. The overall cost for comparison is 6.6% APRC representative.
Rate: 5.09% fixed until 31 July 2028 before reverting to 6.74%
Initial period: 2 years
Product fee: £995
Maximum loan-to-value: 90%
APRC: 6.6%
Representative example: £200,000 mortgage over 25 years initially at 5.09% fixed for 27 months reverting to 6.74% variable for term. 27 monthly payments of £1179.69 and 273 monthly payments of £1366.35. Total amount payable £405,910.18 includes loan amount, interest of £204,865, valuation fees of £0 and product fees of £995. The overall cost for comparison is 6.6% APRC representative.
Rate: 5.09% fixed until 31 July 2028 before reverting to 6.74%
Initial period: 2 years
Product fee: £995
Maximum loan-to-value: 90%
APRC: 6.6%
Representative example: £200,000 mortgage over 25 years initially at 5.09% fixed for 27 months reverting to 6.74% variable for term. 27 monthly payments of £1179.69 and 273 monthly payments of £1366.35. Total amount payable £405,985.18 includes loan amount, interest of £204,865, valuation fees of £75 and product fees of £995. The overall cost for comparison is 6.6% APRC representative.
Rate: 5.00% fixed until 2 August 2031 before reverting to 6.50%
Initial period: 5 years
Product fee: £999
Maximum loan-to-value: 90%
APRC: 6.1%
Representative example: £200,000 mortgage over 25 years initially at 5.00% fixed for 63 months reverting to 6.50% variable for term. 63 monthly payments of £1169.18 and 237 monthly payments of £1319.29. Total amount payable £387,604.07 includes loan amount, interest of £186,330, valuation fees of £0 and product fees of £999. The overall cost for comparison is 6.1% APRC representative.
Rate: 5.42% fixed until 31 August 2028 before reverting to 7.24%
Initial period: 2 years
Product fee: £999
Maximum loan-to-value: 95%
APRC: 7.1%
Representative example: £200,000 mortgage over 25 years initially at 5.42% fixed for 28 months reverting to 7.24% variable for term. 28 monthly payments of £1218.64 and 272 monthly payments of £1428.12. Total amount payable £423,719.56 includes loan amount, interest of £222,571, valuation fees of £100 and product fees of £999. The overall cost for comparison is 7.1% APRC representative.
Rate: 5.42% fixed until 31 August 2028 before reverting to 7.24%
Initial period: 2 years
Product fee: £999
Maximum loan-to-value: 95%
APRC: 7.1%
Representative example: £200,000 mortgage over 25 years initially at 5.42% fixed for 28 months reverting to 7.24% variable for term. 28 monthly payments of £1218.64 and 272 monthly payments of £1428.12. Total amount payable £423,719.56 includes loan amount, interest of £222,571, valuation fees of £100 and product fees of £999. The overall cost for comparison is 7.1% 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.
Following cuts, the lowest two-year fixed rate for first-time buyers with a 10% deposit has dropped to 5.09% this week and is now offered on two deals each from NatWest, NatWest Int Sols and Royal Bank of Scotland (RBS). These mortgages all cost £995 in product fees and come with the perk of a free valuation. Alongside this, one deal from each lender additionally provides borrowers with £250 cashback. The NatWest and NatWest Int Sols deals can be accessed by those in Great Britain and Northern Ireland, the former directly and the latter via an intermediary, while the RBS options are available across Great Britain, the Channel Islands and the Isle of Man direct from the lender.
Those looking to keep upfront costs to a minimum could consider a two-year fix from Santander of 5.33% which doesn’t charge any additional product fees. It can finance up to 90% LTV and comes with the extra incentives of a free valuation (up to £1,190) and £250 cashback. Available direct from Santander or via an intermediary, those across Great Britain and Northern Ireland can apply for this mortgage.
Santander now offers the cheapest-priced five-year fix that can finance up to 90% LTV after it cut rates, charging 5.00%. While borrowers will face a £999 arrangement fee, it provides the benefits of a free valuation (up to £1,190) and £250 cashback. Those across Great Britain and Northern Ireland can apply direct from the lender, or via an intermediary.
Alternatively, first-time buyers looking to minimise upfront costs could explore a five-year fix from the same lender at a higher 5.13% which doesn’t charge any additional product fees. Otherwise, it has the same features as the deal above.
The lowest two-year fixed rate for first-time buyers in Great Britain and Northern Ireland with a 5% deposit has dropped to 5.42% and is now offered by Halifax and Lloyds Bank. All mortgages come with a £999 arrangement fee and give borrowers the chance to receive £250 cashback if their property has an EPC rating 81 or higher. Both can be applied for direct from the lender.
For an option that can help to keep upfront costs down, Santander offers first-time buyers in Great Britain and Northern Ireland a two-year fix at 5.51% that doesn’t charge additional product fees. As extra incentives, borrowers will also receive a free valuation (up to £1,190) and £250 cashback. This deal is available across Great Britain and Northern Ireland. Considering its overall value, it qualifies as a Moneyfacts Best Buy.
Barclays Mortgage continues to offer the lowest rate of 5.32% on a five-year fix for those with a 5% deposit, available direct or via an intermediary across Great Britain and Northern Ireland. The Springboard mortgage allows family and friends to help first-time buyers by depositing 10% of the property value into a Helpful Start Account for at least five years. To read more about how this works, head to Barclays Mortgage’s website. Adding to its appeal, it doesn’t charge any additional product fees and comes with a free valuation. Taking all its features into consideration, it earns a place on our Moneyfacts Best Buy chart.
Elsewhere, for those wanting to ease the pressure of upfront costs, Marsden BS has a five-year fix without any extra product fees. Charging a marginally higher 5.35% to finance up to 95% LTV, this deal also comes with a free valuation. Available across England and Wales direct from Marsden BS or via selected intermediaries, this deal qualifies as a Moneyfacts Best Buy.
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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.
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