Last updated: 8 April 2026 at 14:50
Latest mortgage news: Selected fixed mortgage rates continue to rise, but are there signs that the market could stabilise?
Once again, many of the lowest fixed mortgage rates edged higher this week as lenders continue to adjust to the changing global and economic situation caused by the conflict in the Middle East.
The latest Halifax House Price Index reflects the impact the conflict has had on the mortgage and housing market, as the average annual house price dipped by 0.5% in March to £299,677.
“The recent slowdown in the housing market reflects the wide uncertainty regarding the conflict in the Middle East,” Amanda Bryden, Head of Mortgages at Halifax, noted.
Concerns about higher inflation and what this means for the Bank of England base rate has dampened “the initial momentum in the market seen at the start of the year”, she continued.
However, the recent ceasefire and easing of tensions in the Middle East may provide a glimmer of hope for borrowers. Even though mortgage rates are likely to remain at a relatively high level and lenders may be cautious about making any sudden changes, Adam French, Head of Consumer Finance at Moneyfacts, explained that “the longer the ceasefire holds and markets calm, the more the mortgage market will stabilise”.
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: 08/04/2026
Rate: 4.79% fixed until 30 June 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 30 June 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: 4.87% fixed until 2 July 2029 before reverting to 6.50%
Initial period: 3 years
Product fee: £999
Maximum loan-to-value: 60%
APRC: 6.3%
Representative example: £210,000 mortgage over 25 years initially at 4.87% fixed for 38 months reverting to 6.50% variable for term. 38 monthly payments of £1211.79 and 262 monthly payments of £1396.88. Total amount payable £413,634.58 includes loan amount, interest of £202,031, valuation fees of £0 and product fees of £999. The overall cost for comparison is 6.3% 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.
The lowest two-year fixed rate for remortgage borrowers continued to rise this week and is now offered by an online-exclusive deal from NatWest and two deals from its intermediary arm, NatWest Int Sols. Charging 4.79%, these deals charge a sizeable arrangement fee of £1,495 and can finance up to 60% of your property’s value. All of them come with a free valuation, but borrowers will receive the additional perk of free legal fees with the NatWest option and one of the deals from NatWest Int Sols, while the second deal from the latter lender comes with £350 cashback instead. These mortgages are available across Great Britain and Northern Ireland.
Homeowners in the same lending area who need a mortgage that can finance a larger proportion of their property could consider an alternative two-year fixed deal from NatWest that has a maximum LTV of 75%. Charging 4.92%, it features as a Moneyfacts Best Buy and comes with a £995 arrangement fee, along with the benefits of a free valuation and free legal fees.
As several lenders continued to hike rates, the cheapest-priced three-year fixed remortgage deal has increased once again to reach 4.87%. Now offered by Santander, this deal can finance up to 60% loan-to-value (LTV) and charges a £999 arrangement fee. While borrowers in Great Britain and Northern Ireland are eligible for this deal, the package of incentives differs slightly depending on your location. All borrowers will get a choice of £250 cashback or free legal fees, but those in Scotland will only receive £95 towards valuation costs while borrowers in England, Wales and Northern Ireland will benefit from a free valuation (up to £1,190). This mortgage is available from the lender directly or via an intermediary.
Those who own less equity in their home may be interested in a Moneyfacts Best Buy deal from Nationwide BS. This three-year fix, which can finance up to 85% LTV, charges 5.10% and a £999 product fee. Borrowers in Great Britain and Northern Ireland (excluding the Scilly Isles) can access this deal from the lender directly or via an intermediary and, as additional perks, they will receive a free valuation and a choice of free legal fees or £500 cashback.
Encouragingly, the lowest five-year fixed rate for remortgage borrowers has remained at 4.80% and continues to be offered by Nationwide BS and Yorkshire Building Society. The five-year fix from Nationwide BS comes with a £999 product fee along with the incentives of a free valuation and either free legal fees or £500 cashback. It has a maximum LTV of 60% and is available from the lender directly to borrowers in Great Britain and Northern Ireland (excluding the Scilly Isles).
Meanwhile, the five-year fixed deal from Yorkshire Building Society can also finance up to 60% LTV and charges a comparable product fee of £995. Borrowers across the whole of Great Britain and Northern Ireland can access this mortgage from the lender directly and, as additional perks, they will receive a free valuation and free legal fees.
Last updated: 08/04/2026
Rate: 4.71% fixed for 2 years before reverting to 6.49%
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 4.71% fixed for 24 months reverting to 6.49% variable for term. 24 monthly payments of £1419.55 and 276 monthly payments of £1669.25. Total amount payable £495,831.20 includes loan amount, interest of £244,782, valuation fees of £0 and product fees of £999. The overall cost for comparison is 6.4% APRC representative.
Rate: 4.75% fixed for 3 years before reverting to 6.49%
Initial period: 3 years
Product fee: £999
Maximum loan-to-value: 60%
APRC: 6.2%
Representative example: £250,000 mortgage over 25 years initially at 4.75% fixed for 36 months reverting to 6.49% variable for term. 36 monthly payments of £1425.29 and 264 monthly payments of £1661.01. Total amount payable £490,866.08 includes loan amount, interest of £239,817, valuation fees of £0 and product fees of £999. The overall cost for comparison is 6.2% APRC representative.
Rate: 4.77% 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: £250,000 mortgage over 25 years initially at 4.77% fixed for 63 months reverting to 6.74% variable for term. 63 monthly payments of £1428.17 and 237 monthly payments of £1673.67. Total amount payable £487,769.50 includes loan amount, interest of £236,635, valuation fees of £0 and product fees of £995. The overall cost for comparison is 6.1% APRC representative.
It’s a slightly more positive picture for the homemoving sector as only the lowest two-year fixed rate edged higher this week.
Nationwide BS now offers the lowest two- and three-year fixed rates for those planning to move home, with its two-year fix charging 4.71% (and featuring as a Moneyfacts Best Buy) and its three-year deal charging 4.75%. Both mortgages charge a £999 product fee and can finance up to 60% of your new property purchase. They may particularly appeal to borrowers buying an energy-efficient home as, in addition to a free valuation, these deals offer £250 cashback if your property has an Energy Performance Certificate (EPC) rating between 86 and 91, or £500 cashback if it has a score of 92 or higher. Both deals are available to homemovers in Great Britain and Northern Ireland (excluding the Scilly Isles).
Homemovers who need to finance up to 75% LTV could consider a two-year fix from Yorkshire Building Society at 4.82% that features as a Moneyfacts Best Buy. This deal charges a £995 product fee and comes with the perk of a free valuation. It is available across Great Britain and Northern Ireland and can be accessed from the lender directly.
Alternatively, Santander offers a three-year fixed deal at 4.92% that also has a maximum LTV of 75% and qualifies as a Moneyfacts Best Buy. Borrowers in Great Britain and Northern Ireland are eligible for this mortgage, which charges a £999 arrangement fee and offers the additional incentives of a free valuation and £250 cashback.
For those wanting to secure a fixed rate for longer, Yorkshire Building Society continues to charge the lowest five-year fixed rate of 4.77%. Its five-year deal has a maximum LTV of 60% and comes with the perk of a free valuation, featuring as a Moneyfacts Best Buy based on its overall value. Borrowers in Great Britain and Northern Ireland are eligible to apply for this mortgage from the lender directly but should bear in mind they will be charged a £995 product fee.
Homemovers who need a mortgage with a higher maximum LTV could consider an alternative Moneyfacts Best Buy deal from the same lender that can finance up to 85% of their new home. Charging 4.85% and a £995 product fee, this five-year fixed deal offers the perk of a free valuation and is available across the same lending area as the previous mortgage.
Last updated: 08/04/2026
Rate: 5.15% fixed until 30 June 2028 before reverting to 7.74%
Initial period: 2 years
Product fee: £999
Maximum loan-to-value: 90%
APRC: 7.5%
Representative example: £200,000 mortgage over 25 years initially at 5.15% fixed for 26 months reverting to 7.74% variable for term. 26 monthly payments of £1186.73 and 274 monthly payments of £1487.34. Total amount payable £439,634.14 includes loan amount, interest of £238,386, valuation fees of £0 and product fees of £999. The overall cost for comparison is 7.5% APRC representative.
Rate: 5.06% fixed until 30 June 2031 before reverting to 5.74%
Initial period: 5 years
Product fee: £899
Maximum loan-to-value: 90%
APRC: 5.6%
Representative example: £200,000 mortgage over 25 years initially at 5.06% fixed for 62 months reverting to 5.74% variable for term. 62 monthly payments of £1176.18 and 238 monthly payments of £1243.53. Total amount payable £369,912.30 includes loan amount, interest of £168,883, valuation fees of £0 and product fees of £899. The overall cost for comparison is 5.6% APRC representative.
Rate: 5.50% fixed until 31 July 2028 before reverting to 6.24%
Initial period: 2 years
Product fee: £499
Maximum loan-to-value: 95%
APRC: 6.3%
Representative example: £200,000 mortgage over 25 years initially at 5.50% fixed for 27 months reverting to 6.24% variable for term. 27 monthly payments of £1228.17 and 273 monthly payments of £1311.98. Total amount payable £392,080.13 includes loan amount, interest of £191,331, valuation fees of £0 and product fees of £499. The overall cost for comparison is 6.3% 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.
Unfortunately for first-time buyers with a 10% deposit, the lowest fixed rates continued to rise this week. Leeds BS now offers the cheapest-priced two-year fixed deal that can finance up to 90% LTV. Charging 5.15% alongside a £999 arrangement fee, this mortgage comes with the benefits of a free valuation (up to £999) and is available to first-time buyers in England, Wales, mainland Scotland and Northern Ireland. Borrowers can access this deal from the lender directly or via an intermediary.
Alternatively, the same lender offers a different two-year fixed deal at 5.30% that has a maximum LTV of 90% and doesn’t charge any upfront product fees. This mortgage is available across the same lending areas as the previous deal and also comes with a free valuation (up to £999).
While Barclays Mortgage continues to offer the lowest five-year fixed rate on deals with a maximum LTV of 90%, this is at a higher 5.06% after the lender made selected increases this week. Borrowers in Great Britain and Northern Ireland can access this deal from the lender or via an intermediary and, as an incentive, they will receive a free valuation. Bear in mind it charges an arrangement fee of £899.
First-time buyers with a 10% deposit who want to minimise upfront costs and would prefer a five-year deal with a greater range of incentives could consider a mortgage from Coventry BS at 5.20%. In addition to not charging any product fees, this deal comes with a free valuation and the additional perk of £500 cashback. Borrowers in Great Britain can apply for this mortgage from the lender or via selected intermediaries.
For borrowers with a smaller 5% deposit, the lowest two-year fixed rate has edged higher to 5.50% and is now charged by a deal from West Brom BS. This mortgage comes with a £499 product fee and a free valuation (up to £740). Borrowers in England and Wales are eligible to apply for this mortgage from the lender directly or via selected intermediaries to finance up to 95% LTV.
If first-time buyers with a 5% deposit would prefer a two-year fixed mortgage without any product fees, Coventry BS offers a deal at 5.56% that qualifies as a Moneyfacts Best Buy. It also comes with the extra incentives of a free valuation and £500 cashback, which could help cover some of the costs of buying your first home. Borrowers in Great Britain are eligible to apply for this deal from the lender directly or from selected intermediaries.
Unlike the other first-time buyer rates we’ve looked at, the lowest five-year fixed rate on deals with a maximum LTV of 95% has remained at 5.32% and continues to come from Barclays Mortgage’s Springboard mortgage. This is a specialist type of mortgage product that allows family and friends to use their savings to help first-time buyers get on the property ladder; helpers must deposit a sum equivalent to 10% of the property price into the lender’s Helpful Start Account for a minimum of five years. See the lender for more details. Borrowers in Great Britain and Northern Ireland can apply for this mortgage, which doesn’t charge any product fees and offers a free valuation, from the bank directly or via an intermediary. Considering its features and overall cost, it qualifies as a Moneyfacts Best Buy deal.
Charging a slightly higher rate of 5.35% is another Moneyfacts Best Buy deal from Marsden BS. This five-year fix can finance up to 95% LTV and, in addition to not charging any product fees, it offers a free valuation. Note that only borrowers in England and Wales are eligible to apply for this mortgage.
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