Last updated: 7 January 2026 at 14:30
Latest Mortgage News: Could a busy Boxing Day signal a strong start for the mortgage and housing markets in 2026?
Many people will be eager to kickstart or resume their search for a new home after Christmas, with property platform, Rightmove, revealing 2025 was the busiest Boxing Day on record for visits to its site.
“It’s early days but Boxing Day’s data suggests agents could have a busy start to 2026 after a quieter festive period during December, which was also impacted by the lateness of the Budget and the uncertainty around potential policies in the lead up to it,” said Steve Pimblett, Chief Data Officer at Rightmove.
“Record breaking visit numbers indicates many are looking to put some of the uncertainty of last year behind them,” he went on to add.
Those hoping to move home or join the property ladder in 2026 may also feel encouraged by expectations for mortgage rates to come down. “After more than three years of higher borrowing costs, even small cuts in mortgage rates can have a meaningful impact on buyer behaviour,” said Adam French, Head of News at Moneyfactscompare.co.uk.
“With markets expecting at least one further 0.25 percentage point cut to the base rate, the mortgage landscape in 2026 may be more forgiving than at any point since 2021,” he explained, but warned that rates are likely to remain well above the “ultra-low” levels seen in the 2010s.
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: 07/01/2026
Rate: 3.66% fixed until 31 March 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 3.66% fixed for 26 months reverting to 6.74% variable for term. 26 monthly payments of £1069.42 and 274 monthly payments of £1420.60. Total amount payable £418,924.32 includes loan amount, interest of £207,049, valuation fees of £0 and product fees of £1495. The overall cost for comparison is 6.4% APRC representative.
Rate: 3.66% fixed until 31 March 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 3.66% fixed for 26 months reverting to 6.74% variable for term. 26 monthly payments of £1069.42 and 274 monthly payments of £1420.60. Total amount payable £418,924.32 includes loan amount, interest of £207,049, valuation fees of £0 and product fees of £1495. The overall cost for comparison is 6.4% APRC representative.
Rate: 3.75% fixed until 31 March 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 3.75% fixed for 38 months reverting to 5.74% variable for term. 38 monthly payments of £1079.68 and 262 monthly payments of £1293.38. Total amount payable £381,352.40 includes loan amount, interest of £169,893, valuation fees of £0 and product fees of £999. The overall cost for comparison is 5.4% APRC representative.
Rate: 3.76% fixed until 2 April 2031 before reverting to 6.50%
Initial period: 5 years
Product fee: £999
Maximum loan-to-value: 60%
APRC: 5.5%
Representative example: £210,000 mortgage over 25 years initially at 3.76% fixed for 62 months reverting to 6.50% variable for term. 62 monthly payments of £1080.82 and 238 monthly payments of £1355.89. Total amount payable £391,316.66 includes loan amount, interest of £179,713, valuation fees of £0 and product fees of £999. The overall cost for comparison is 5.5% APRC representative.
Remortgage borrowers will find the lowest fixed rates in this sector are unchanged from a few weeks ago. An online exclusive deal available directly from NatWest and two products via its intermediary arm, NatWest Int Sols, continue to charge the cheapest two-year fixed price, at 3.66%, and can finance up to 60% loan-to-value (LTV). These mortgages can be applied for by those living in Great Britain and Northern Ireland, cost £1,495 in arrangement fees and come with a free valuation. What’s more, the deal from NatWest and one option from NatWest Int Sols include free legal fees, while the other option offers £350 cashback instead.
However, those with less equity will need to explore other options. A two-year fixed deal from first direct, for instance, can finance up to 75% LTV at 3.83%. Borrowers in Great Britain and Northern Ireland can apply for this mortgage directly with the lender and will face a below-average booking fee of £490. The deal also includes free legal fees as well as a free valuation, and lands a place on our Moneyfacts Best Buy chart based on its overall true cost.
Otherwise, a deal from Barclays Mortgage continues to provide remortgage borrowers throughout Great Britain and Northern Ireland with the lowest three-year fixed rate this week. Available direct or via intermediaries, it costs £999 in arrangement fees and can finance up to 60% of a property at 3.75%. In addition to a free valuation, successful applicants will also have the choice between free legal fees or £350 cashback as an extra perk.
Borrowers who need to finance a larger portion of their home could instead consider a Moneyfacts Best Buy option from Furness BS. This deal, which is available to those living in Great Britain either direct or via intermediaries, caters for up to 85% LTV at 4.09%. It costs £999 in booking fees but offers a free valuation (up to a maximum of £665) and £250 cashback as incentives.
Meanwhile, those who’d prefer to secure a rate for longer will find Santander continues to offer the cheapest-priced five-year fix. It can finance up to 60% LTV at 3.76% and costs £999 in arrangement fees. Borrowers throughout Great Britain and Northern Ireland can apply for this mortgage either direct or via intermediaries and will have the choice of free legal fees or £250 cashback on completion as an incentive. Those in England, Wales and Northern Ireland will additionally receive a free valuation (up to a maximum of £1,190), while borrowers in Scotland get £95 towards the cost of valuation fees.
That being said, a five-year fixed mortgage from Nationwide BS that earns a spot on our Moneyfacts Best Buy chart may appeal to borrowers with less equity. Despite charging a higher rate of 4.05% to finance up to 80% LTV, this deal offers the choice between free legal fees and £500 cashback on completion (as well as a free valuation) as incentives. It can be applied for either direct or via intermediaries by those living in Great Britain and Northern Ireland (excluding the Scilly Isles) and costs £999 in reservation fees.
Last updated: 07/01/2026
Rate: 3.55% fixed until 2 April 2028 before reverting to 6.50%
Initial period: 2 years
Product fee: £999
Maximum loan-to-value: 60%
APRC: 6.1%
Representative example: £250,000 mortgage over 25 years initially at 3.55% fixed for 26 months reverting to 6.50% variable for term. 26 monthly payments of £1258.27 and 274 monthly payments of £1655.04. Total amount payable £487,469.98 includes loan amount, interest of £236,196, valuation fees of £0 and product fees of £999. The overall cost for comparison is 6.1% APRC representative.
Rate: 3.60% fixed until 2 April 2029 before reverting to 6.50%
Initial period: 3 years
Product fee: £999
Maximum loan-to-value: 60%
APRC: 5.9%
Representative example: £250,000 mortgage over 25 years initially at 3.60% fixed for 38 months reverting to 6.50% variable for term. 38 monthly payments of £1265.01 and 262 monthly payments of £1640.43. Total amount payable £479,137.04 includes loan amount, interest of £227,863, valuation fees of £0 and product fees of £999. The overall cost for comparison is 5.9% APRC representative.
Rate: 3.75% fixed until 31 March 2031 before reverting to 6.74%
Initial period: 5 years
Product fee: £1,495
Maximum loan-to-value: 60%
APRC: 5.6%
Representative example: £250,000 mortgage over 25 years initially at 3.75% fixed for 62 months reverting to 6.74% variable for term. 62 monthly payments of £1285.33 and 238 monthly payments of £1644.39. Total amount payable £472,600.28 includes loan amount, interest of £221,055, valuation fees of £0 and product fees of £1495. The overall cost for comparison is 5.6% APRC representative.
Rate: 3.75% fixed until 31 March 2031 before reverting to 6.74%
Initial period: 5 years
Product fee: £1,495
Maximum loan-to-value: 60%
APRC: 5.6%
Representative example: £250,000 mortgage over 25 years initially at 3.75% fixed for 62 months reverting to 6.74% variable for term. 62 monthly payments of £1285.33 and 238 monthly payments of £1644.39. Total amount payable £472,600.28 includes loan amount, interest of £221,055, valuation fees of £0 and product fees of £1495. The overall cost for comparison is 5.6% APRC representative.
Rate: 3.75% fixed for five years before reverting to 6.49%
Initial period: 5 years
Product fee: £490
Maximum loan-to-value: 60%
APRC: 5.5%
Representative example: £250,000 mortgage over 25 years initially at 3.75% fixed for 60 months reverting to 6.49% variable for term. 60 monthly payments of £1285.33 and 240 monthly payments of £1615.06. Total amount payable £465,274.20 includes loan amount, interest of £214,734, valuation fees of £0 and product fees of £490. The overall cost for comparison is 5.5% APRC representative.
Similarly, the lowest fixed rates available to homemovers have held steady. Santander continues to offer the cheapest-priced two- and three-year fixes in this corner of the mortgage market, charging 3.55% and 3.60%, respectively, to finance up to 60% LTV. Borrowers throughout Great Britain and Northern Ireland can apply for these deals direct or via intermediaries and will face a £999 arrangement fee. As well as a free valuation (up to a maximum of £1,190), they include £250 cashback as an incentive and feature on our Moneyfacts Best Buy chart based on their overall true cost.
Alternatively, borrowers who want to keep upfront costs to a minimum could consider alternative two- and three-year fixed mortgages from Santander that also appear on our Moneyfacts Best Buy chart. These deals each charge 3.93% to finance a larger portion of a property – up to 75% LTV – and come with no additional product fees. Otherwise, they come with the same lending area and incentives as those previously mentioned; for more information, visit our charts.
Elsewhere, NatWest and NatWest Int Sols still provide homemovers in Great Britain and Northern Ireland with the lowest five-year fixed rate. Both lenders offer deals that can finance up to 60% LTV at 3.75% and which cost £1,495 in arrangement fees. They each also include a free valuation; the online-exclusive deal from NatWest can be applied for directly with the lender, while the option from NatWest Int Sols is only available via intermediaries.
However, these mortgages have been joined in charging 3.75% to finance up to 60% LTV by a five-year fixed deal from first direct which was recently reduced. This deal can be applied for directly by borrowers in Great Britain and Northern Ireland. It comes with a smaller, £490 booking fee as well as a free valuation.
Last updated: 07/01/2026
Rate: 4.09% fixed for two years before reverting to 8.09%
Initial period: 2 years
Product fee: £999
Maximum loan-to-value: 90%
APRC: 7.6%
Representative example: £200,000 mortgage over 25 years initially at 4.09% fixed for 24 months reverting to 8.09% variable for term. 24 monthly payments of £1065.64 and 276 monthly payments of £1521.95. Total amount payable £446,847.56 includes loan amount, interest of £245,634, valuation fees of £75 and product fees of £999. The overall cost for comparison is 7.6% APRC representative.
Rate: 4.20% fixed until 31 March 2031 before reverting to 6.74%
Initial period: 5 years
Product fee: £995
Maximum loan-to-value: 90%
APRC: 5.8%
Representative example: £200,000 mortgage over 25 years initially at 4.20% fixed for 62 months reverting to 6.74% variable for term. 62 monthly payments of £1077.88 and 238 monthly payments of £1326.40. Total amount payable £383,556.76 includes loan amount, interest of £182,512, valuation fees of £0 and product fees of £995. The overall cost for comparison is 5.8% APRC representative.
Rate: 4.20% fixed until 31 March 2031 before reverting to 6.74%
Initial period: 5 years
Product fee: £995
Maximum loan-to-value: 90%
APRC: 5.8%
Representative example: £200,000 mortgage over 25 years initially at 4.20% fixed for 62 months reverting to 6.74% variable for term. 62 monthly payments of £1077.88 and 238 monthly payments of £1326.40. Total amount payable £383,556.76 includes loan amount, interest of £182,512, valuation fees of £0 and product fees of £995. The overall cost for comparison is 5.8% APRC representative.
Rate: 4.20% fixed until 31 March 2031 before reverting to 6.74%
Initial period: 5 years
Product fee: £995
Maximum loan-to-value: 90%
APRC: 5.8%
Representative example: £200,000 mortgage over 25 years initially at 4.20% fixed for 62 months reverting to 6.74% variable for term. 62 monthly payments of £1077.88 and 238 monthly payments of £1326.40. Total amount payable £383,631.76 includes loan amount, interest of £182,512, valuation fees of £75 and product fees of £995. The overall cost for comparison is 5.8% APRC representative.
Rate: 4.54% fixed until 30 April 2028 before reverting to 6.62%
Initial period: 2 years
Product fee: £999
Maximum loan-to-value: 95%
APRC: 6.4%
Representative example: £200,000 mortgage over 25 years initially at 4.54% fixed for 27 months reverting to 6.62% variable for term. 27 monthly payments of £1116.21 and 273 monthly payments of £1347.06. Total amount payable £399,034.05 includes loan amount, interest of £197,885, valuation fees of £0 and product fees of £999. The overall cost for comparison is 6.4% APRC representative.
Rate: 4.61% fixed until 31 March 2031 before reverting to 7.34%
Initial period: 5 years
Product fee: £995
Maximum loan-to-value: 95%
APRC: 6.4%
Representative example: £200,000 mortgage over 25 years initially at 4.61% fixed for 62 months reverting to 7.34% variable for term. 62 monthly payments of £1124.19 and 238 monthly payments of £1399.01. Total amount payable £403,794.16 includes loan amount, interest of £202,664, valuation fees of £0 and product fees of £995. The overall cost for comparison is 6.4% APRC representative.
First-time buyers in Great Britain, meanwhile, will find there’s been a slight drop in the lowest two-year fixed rate available to those with a 10% deposit. A deal from Furness BS now charges 4.09% and can be accessed both directly from the lender and via intermediaries. Although it costs £999 in booking fees, prospective buyers could use the £250 cashback included as an incentive (along with a free valuation) to cover moving costs or furnishing their new home.
Those wanting to reduce upfront fees, however, may want to consider a two-year ‘fee saver’ deal from first direct that charges 4.21% to finance up to 90% LTV. This mortgage can be applied for directly with the lender and, as its name suggests, comes with no additional product fees. It has a lending area spanning Great Britain and Northern Ireland and includes a free valuation as a further incentive.
Otherwise, the lowest five-year fixed rate for first-time buyers with a 10% deposit continues to stand at 4.20%. NatWest, NatWest Int Sols and Royal Bank of Scotland (RBS) all offer two deals at this price which cost £995 in arrangement fees and come with a free valuation. One option from each of the lenders additionally includes £250 cashback. Borrowers in Great Britain and Northern Ireland can apply directly for the deals from NatWest, or via intermediaries for those from NatWest Int Sols. While the mortgages from RBS can also be applied for directly with the lender, they’re only available to those in Great Britain, the Channel Islands and the Isle of Man.
Have a smaller deposit? The Co-operative Bank for Intermediaries continues to offer first-time buyers with a 5% deposit the lowest two-year fixed rate, at 4.54%. This deal has a lending area that covers the length of Great Britain and costs £999 in arrangement fees. It can be found via selected intermediaries and successful applicants will receive £250 cashback, as well as a free valuation, as an incentive.
Alternatively, those moving to an energy-efficient property could consider a two-year fixed mortgage from Nationwide BS that charges 4.68% to finance up to 95% LTV and appears on our Moneyfacts Best Buy chart. Not only does it come with £500 cashback and a free valuation, but an extra £250 cashback is up for grabs if your first home has an Energy Performance Certificate (EPC) rating between 86 and 91, or £500 cashback for a score of 92 or more. It’s available either direct or via intermediaries to borrowers in Great Britain and Northern Ireland (excluding the Scilly Isles) and comes with no additional product fees to further sweeten the deal.
It's also possible for first-time buyers to secure a five-year fixed rate with a 5% deposit; a mortgage from Leek Building Society that charges 4.61% continues to provide borrowers in England and Wales with the lowest rate in this sector. This deal costs £995 in completion fees whether applying directly or via intermediaries but only offers a free valuation as its sole incentive.
To have access to a greater range of perks, first-time buyers could instead consider a five-year fixed deal from HSBC which charges 4.72% to finance up to 95% LTV. It comes with a free valuation, no additional product fees and a substantial £1,500 cashback. Borrowers in Great Britain and Northern Ireland can apply either direct or via selected intermediaries.
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