Last updated: 5 November 2025 at 15:00
Latest UK mortgage news: Nationwide BS and other mortgage lenders slash rates.
Encouragingly for those remortgaging or buying a home, many major mortgage lenders have cut rates in recent days.
Perhaps most notably, Nationwide BS cut rates on 5 November and now offers a two-year fixed deal at 3.64% for home movers who need to borrow £300,000 or more to finance up to 60% of their new property purchase.
“Over the past week many of the biggest lenders have been slashing their fixed rates, so it is positive to see Nationwide BS get in on the rate cutting trend,” Caitlyn Eastell, spokesperson at Moneyfactscompare.co.uk, commented.
As a result of these cuts, the Moneyfacts Average Mortgage Rate dipped below 5% earlier this week, and prospective borrowers will be hoping this downwards trend continues.
“Swap rates are currently sitting around their 30-day lows, so it is possible that more reductions could follow suit, however with the next base rate decision looming it is not yet certain how the swap markets will react,” Eastell noted.
See below for the lowest fixed mortgage rates for remortgage borrowers, homemovers and first-time buyers.
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: 05/11/2025
Rate: 3.79% fixed until 31 January 2028 before reverting to 6.99%
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 3.79% fixed for 26 months reverting to 6.99% variable for term. 26 monthly payments of £1084.25 and 274 monthly payments of £1452.74. Total amount payable £428,116.26 includes loan amount, interest of £216,241, valuation fees of £0 and product fees of £1495. The overall cost for comparison is 6.6% APRC representative.
Rate: 3.79% fixed until 31 January 2028 before reverting to 6.99%
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 3.79% fixed for 26 months reverting to 6.99% variable for term. 26 monthly payments of £1084.25 and 274 monthly payments of £1452.74. Total amount payable £428,116.26 includes loan amount, interest of £216,241, valuation fees of £0 and product fees of £1495. The overall cost for comparison is 6.6% APRC representative.
Rate: 3.92% fixed until 28 February 2029 before reverting to 7.49%
Initial period: 3 years
Product fee: £999
Maximum loan-to-value: 60%
APRC: 6.7%
Representative example: £210,000 mortgage over 25 years initially at 3.92% fixed for 39 months reverting to 7.49% variable for term. 39 monthly payments of £1099.20 and 261 monthly payments of £1499.16. Total amount payable £435,528.56 includes loan amount, interest of £224,150, valuation fees of £0 and product fees of £999. The overall cost for comparison is 6.7% APRC representative.
Rate: 3.88% fixed until 31 January 2031 before reverting to 6.99%
Initial period: 5 years
Product fee: £1,495
Maximum loan-to-value: 60%
APRC: 5.9%
Representative example: £210,000 mortgage over 25 years initially at 3.88% fixed for 62 months reverting to 6.99% variable for term. 62 monthly payments of £1094.59 and 238 monthly payments of £1411.68. Total amount payable £405,719.42 includes loan amount, interest of £193,844, valuation fees of £0 and product fees of £1495. The overall cost for comparison is 5.9% APRC representative.
Rate: 3.88% fixed until 31 January 2031 before reverting to 6.99%
Initial period: 5 years
Product fee: £1,495
Maximum loan-to-value: 60%
APRC: 5.9%
Representative example: £210,000 mortgage over 25 years initially at 3.88% fixed for 62 months reverting to 6.99% variable for term. 62 monthly payments of £1094.59 and 238 monthly payments of £1411.68. Total amount payable £405,719.42 includes loan amount, interest of £193,844, valuation fees of £0 and product fees of £1495. The overall cost for comparison is 5.9% APRC representative.
Although NatWest and its intermediary arm, NatWest Int Sols, continue to offer the lowest two- and five-year fixed mortgage rates, these have dropped from last week after the providers reduced selected rates. Their two-year fixed deals now charge 3.79% while their five-year fixed deals now charge 3.88%. All these products can finance up to 60% loan-to-value (LTV), charge a hefty £1,495 arrangement fee and are available across Great Britain and Northern Ireland, but there are slightly different incentives on offer. The NatWest deals, which are only available online from the bank directly, come with a free valuation and free legal fees. Otherwise, NatWest Int Sols offers two deals for each fixed term, one of which offers a free valuation and free legal fees while the other offers a free valuation and £350 cashback.
If homeowners need to finance a larger proportion of their property, Yorkshire Building Society offers a two-year fixed deal at 3.90% with a maximum LTV of 75%. Featuring as a Moneyfacts Best Buy, this deal charges a £995 product fee and comes with the benefits of a free valuation and free legal fees. Borrowers in Great Britain and Northern Ireland can apply for this mortgage from the lender directly.
Alternatively, Nationwide BS offers a five-year fixed deal at 3.97% that can also finance up to 75% of your property’s value. This deal, which features as a Moneyfacts Best Buy based on its overall value, charges a £999 product fee and offers the perks of a free valuation and a choice of free legal fees or £500 cashback. Borrowers in Great Britain and Northern Ireland (excluding the Scilly Isles) can apply for this deal directly or via an intermediary.
As with the other fixed terms, the lowest three-year fixed rate has dropped to 3.92% this week after Halifax made reductions. Halifax’s three-year fixed deal, which is available from the bank directly to borrowers in Great Britain and Northern Ireland, can finance up to 60% LTV and charges a £999 arrangement fee. It may particularly appeal to those in an energy-efficient home because, as well as a free valuation and free legal fees, this deal offers a £250 Green Home cashback for properties with an Energy Performance Certificate (EPC) rating of 81 or higher.
Halifax also offers a different three-year fixed deal at 4.22% that can finance up to 80% LTV. It features as a Moneyfacts Best Buy and is available via the same means and comes with the same charges and incentives as the previous deal.
Last updated: 05/11/2025
Rate: 3.69% fixed for two years before reverting to 6.74%
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 3.69% fixed for 24 months reverting to 6.74% variable for term. 24 monthly payments of £1277.18 and 276 monthly payments of £1694.24. Total amount payable £499,311.56 includes loan amount, interest of £248,263, valuation fees of £0 and product fees of £999. The overall cost for comparison is 6.4% APRC representative.
Rate: 3.75% fixed for three years before reverting to 6.74%
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 3.75% fixed for 36 months reverting to 6.74% variable for term. 36 monthly payments of £1285.33 and 264 monthly payments of £1679.24. Total amount payable £490,640.24 includes loan amount, interest of £239,591, valuation fees of £0 and product fees of £999. The overall cost for comparison is 6.1% APRC representative.
Rate: 3.84% fixed until 31 January 2031 before reverting to 6.99%
Initial period: 5 years
Product fee: £1,495
Maximum loan-to-value: 60%
APRC: 5.8%
Representative example: £250,000 mortgage over 25 years initially at 3.84% fixed for 62 months reverting to 6.99% variable for term. 62 monthly payments of £1297.61 and 238 monthly payments of £1679.32. Total amount payable £481,674.98 includes loan amount, interest of £230,130, valuation fees of £0 and product fees of £1495. The overall cost for comparison is 5.8% APRC representative.
Rate: 3.84% fixed until 31 January 2031 before reverting to 6.99%
Initial period: 5 years
Product fee: £1,495
Maximum loan-to-value: 60%
APRC: 5.8%
Representative example: £250,000 mortgage over 25 years initially at 3.84% fixed for 62 months reverting to 6.99% variable for term. 62 monthly payments of £1297.61 and 238 monthly payments of £1679.32. Total amount payable £481,674.98 includes loan amount, interest of £230,130, valuation fees of £0 and product fees of £1495. The overall cost for comparison is 5.8% APRC representative.
The lowest fixed rates for homemovers fell this week as several providers made cuts to their range of fixed mortgages.
After Nationwide BS made reductions this week, it now offers a two-year fix at the lowest rate of 3.69%, as well as a three-year deal at the lowest fixed rate of 3.75%, with the latter option featuring as a Moneyfacts Best Buy. Available to borrowers in Great Britain and Northern Ireland (excluding the Scilly Isles), these deals have a maximum LTV of 60% and charge a £999 product fee. They offer the incentives of a free valuation and a Green reward of £250 cashback for those buying a property with an EPC rating of 86 to 91, or £500 cashback for properties with a rating of 92 or higher. Borrowers can apply for these deals from the lender directly or via an intermediary.
The same lender also offers a range of Moneyfacts Best Buy deals that may be more suitable for some homemovers. For example, borrowers that need a mortgage to finance up to 80% of their new home could consider a two-year fixed deal from Nationwide BS at 4.13% or a three-year fix at 4.30%, with neither option charging any additional product fees. They also offer a free valuation and a Green cashback for energy-efficient properties, as explained above.
Borrowers in search of a longer fixed term will find NatWest and NatWest Int Sols offering the lowest five-year fixed rate of 3.84% to borrowers in Great Britain and Northern Ireland. These deals can finance up to 60% LTV and offer the perk of a free valuation, but borrowers should note that they charge a sizeable arrangement fee of £1,495. The NatWest deal is only available online from the bank directly and features as a Moneyfacts Best Buy, while the NatWest Int Sols deal is available via intermediaries.
Alternatively, if borrowers need a deal with a higher maximum LTV and would prefer not to pay any product fees, Nationwide BS offers a five-year fix at 4.20% that can finance up to 85% LTV. Featuring as a Moneyfacts Best Buy, this deal comes with a free valuation and a Green reward of either £250 or £500 cashback for energy-efficient properties (see above deals for more information).
Last updated: 05/11/2025
Rate: 4.23% fixed until 31 January 2028 before reverting to 6.99%
Initial period: 2 years
Product fee: £995
Maximum loan-to-value: 90%
APRC: 6.7%
Representative example: £200,000 mortgage over 25 years initially at 4.23% fixed for 26 months reverting to 6.99% variable for term. 26 monthly payments of £1081.24 and 274 monthly payments of £1388.10. Total amount payable £409,496.64 includes loan amount, interest of £208,452, valuation fees of £0 and product fees of £995. The overall cost for comparison is 6.7% APRC representative.
Rate: 4.23% fixed until 31 January 2028 before reverting to 6.99%
Initial period: 2 years
Product fee: £995
Maximum loan-to-value: 90%
APRC: 6.7%
Representative example: £200,000 mortgage over 25 years initially at 4.23% fixed for 26 months reverting to 6.99% variable for term. 26 monthly payments of £1081.24 and 274 monthly payments of £1388.10. Total amount payable £409,496.64 includes loan amount, interest of £208,452, valuation fees of £0 and product fees of £995. The overall cost for comparison is 6.7% APRC representative.
Rate: 4.23% fixed until 31 January 2028 before reverting to 6.99%
Initial period: 2 years
Product fee: £995
Maximum loan-to-value: 90%
APRC: 6.7%
Representative example: £200,000 mortgage over 25 years initially at 4.23% fixed for 26 months reverting to 6.99% variable for term. 26 monthly payments of £1081.24 and 274 monthly payments of £1388.10. Total amount payable £409,571.64 includes loan amount, interest of £208,452, valuation fees of £75 and product fees of £995. The overall cost for comparison is 6.7% APRC representative.
Rate: 4.33% fixed until 28 February 2031 before reverting to 6.54%
Initial period: 5 years
Product fee: £1,995
Maximum loan-to-value: 90%
APRC: 5.8%
Representative example: £200,000 mortgage over 25 years initially at 4.33% fixed for 63 months reverting to 6.54% variable for term. 63 monthly payments of £1092.45 and 237 monthly payments of £1308.10. Total amount payable £380,944.05 includes loan amount, interest of £178,844, valuation fees of £0 and product fees of £1995. The overall cost for comparison is 5.8% APRC representative.
Rate: 4.74% fixed until 31 March 2028 before reverting to 6.87%
Initial period: 2 years
Product fee: £999
Maximum loan-to-value: 95%
APRC: 6.6%
Representative example: £200,000 mortgage over 25 years initially at 4.74% fixed for 28 months reverting to 6.87% variable for term. 28 monthly payments of £1139.08 and 272 monthly payments of £1377.52. Total amount payable £407,728.68 includes loan amount, interest of £206,580, valuation fees of £0 and product fees of £999. The overall cost for comparison is 6.6% APRC representative.
Rate: 4.70% fixed until 31 January 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 4.70% fixed for 62 months reverting to 7.34% variable for term. 62 monthly payments of £1134.49 and 238 monthly payments of £1401.17. Total amount payable £404,946.84 includes loan amount, interest of £203,817, valuation fees of £0 and product fees of £995. The overall cost for comparison is 6.4% APRC representative.
Encouragingly for first-time buyers with a 10% deposit, the lowest two-year fixed rate on deals that can finance up to 90% LTV dropped this week after NatWest, NatWest Int Sols and Royal Bank of Scotland (RBS) made reductions. Each lender offers two deals, all of which charge a £995 arrangement fee and offer the benefit of a free valuation. The extra perk of £250 cashback is also available on one of the deals from each lender, which may appeal to those wanting extra support with the costs of buying a home. Borrowers in Great Britain and Northern Ireland can apply for the NatWest deals from the lender directly and the NatWest Int Sols deals via an intermediary. Meanwhile, the RBS deals are available to those in Great Britain, the Isle of Man and the Channel Islands from the lender directly.
Alternatively, the same lenders offer two-year fixed deals at 4.44% that don’t charge any product fees. They are subject to the same terms and have the same features as the deals above.
For a longer fixed term, Skipton BS continues to offer the lowest five-year fixed rate of 4.33% on deals that can finance up to 90% LTV. Although it comes with the incentive of a free valuation, first-time buyers should note that it charges a significant product fee of £1,995. Borrowers in Great Britain are eligible to apply for this deal from Skipton BS directly or via an intermediary.
First-time buyers could also consider a five-year fixed deal from first direct at 4.42% that charges a smaller product fee of £490. Available from the lender directly to borrowers in Great Britain and Northern Ireland, this deal comes with a free valuation.
Despite cuts across the mortgage market as a whole, the lowest fixed rates for first-time buyers with a 5% deposit remain unchanged this week. The Co-operative Bank for Intermediaries offers the lowest two-year fixed rate of 4.74% for borrowers in Great Britain, with this deal also charging an arrangement fee of £999. Available via selected intermediaries, this deal comes with the incentives of a free valuation and £250 cashback.
If first-time buyers want to cut down on upfront costs, HSBC offers a Moneyfacts Best Buy deal at 4.87% that doesn’t charge any product fees. This two-year fix can finance up to 95% LTV and comes with the additional perks of a free valuation and £250 cashback. First-time buyers in Great Britain and Northern Ireland can apply for this deal from the lender directly or via selected intermediaries.
Meanwhile, Leek Building Society offers the lowest five-year fixed rate on deals that can finance up to 95% LTV. Charging 4.70% alongside a £995 product fee, this deal is available from the lender directly or via intermediaries to borrowers in England and Wales. As an additional perk, it comes with a free valuation.
Alternatively, a five-year fixed deal from NatWest charges a slightly higher 4.78% but doesn’t come with any additional product fees. Borrowers in Great Britain and Northern Ireland are eligible to apply for this deal from the bank directly and can receive a free valuation as an extra incentive. Considering its overall value, this deal features as a Moneyfacts Best Buy.
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