Last updated: 1 April 2026 at 15:35
Latest mortgage news: Borrowers could be almost £1,800 worse off than before conflict in the Middle East began.
Borrowing costs have risen significantly since the start of conflict in the Middle East, with the lowest rates on the market having jumped from 3.51% to 4.60%, recent analysis of Moneyfacts data has revealed. What’s more, this means borrowers could be £150 worse off a month (based on a £250,000 loan over 25 years).
“Since the beginning of the conflict, almost £1,800 a year has been added onto the average two-year fixed rate – that’s over £3,500 for the full term based on the typical £250,000 loan over 25 years. For the average five-year over £1,400 a year has been added, which is over £7,000 for the full five years.” Caitlyn Eastell, Personal Finance Expert at Moneyfactscompare.co.uk, explained.
“However, some of the withdrawals seen in the first few weeks of the conflict are slowly starting to trickle back but lenders may still be cautious as the future around inflation and interest rates is uncertain,” she continued.
Those who are concerned about these rising costs could seek advice from a mortgage broker, while Eastell suggested that those remortgaging may find it “reassuring” that they can lock into a new deal six months in advance.
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: 02/04/2026
Rate: 4.66% fixed until 30 June 2028 before reverting to 5.74%
Initial period: 2 years
Product fee: £999
Maximum loan-to-value: 60%
APRC: 5.7%
Representative example: £210,000 mortgage over 25 years initially at 4.66% fixed for 26 months reverting to 5.74% variable for term. 26 monthly payments of £1186.40 and 274 monthly payments of £1310.56. Total amount payable £391,398.84 includes loan amount, interest of £179,940, valuation fees of £0 and product fees of £999. The overall cost for comparison is 5.7% APRC representative.
Rate: 4.65% fixed until 30 June 2029 before reverting to 5.74%
Initial period: 3 years
Product fee: £999
Maximum loan-to-value: 60%
APRC: 5.6%
Representative example: £210,000 mortgage over 25 years initially at 4.65% fixed for 38 months reverting to 5.74% variable for term. 38 monthly payments of £1185.20 and 262 monthly payments of £1305.99. Total amount payable £388,665.98 includes loan amount, interest of £177,207, valuation fees of £0 and product fees of £999. The overall cost for comparison is 5.6% 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 6.49%
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.
After another consecutive week of rate hikes, the lowest fixed remortgage rates have all seen a significant uptick this week. The cheapest-priced two- and three-year fixes increased to 4.66% and 4.65%, respectively, and now come from Barclays Mortgage. These deals can finance up to 60% LTV and, while they cost £999 in arrangement fees, they come with the perk of a free valuation and a choice between free legal fees or £350 cashback. Available across Great Britain and Northern Ireland, borrowers can apply for these mortgages direct from the lender or via an intermediary.
Those in Great Britain and Northern Ireland looking to save on upfront costs could consider a two-year fix from Barclays Mortgage at 4.90% which doesn’t charge any additional product fees. It can finance up to 60% LTV and comes with the extra perks of a free valuation and £150 cashback. Borrowers can apply for this mortgage direct from the lender or via intermediaries. Considering its overall value, this mortgage qualifies as a Moneyfacts Best Buy.
Alternatively, for those with less equity, Nationwide BS offers a three-year fix at 5.10% that can finance up to 85% LTV. It costs £999 in reservation fees but provides a free valuation and a choice between £500 cashback and free legal fees. Borrowers in Great Britain and Northern Ireland (excluding the Scilly Isles) can access this Moneyfacts Best Buy deal from the lender directly or via an intermediary.
Nationwide BS is also one lender offering the lowest five-year fixed rate of 4.80% this week, which can finance a maximum LTV of 60%. While borrowers will face a £999 reservation fee, the deal comes with a free valuation and a choice between £500 cashback or free legal fees. Those in Great Britain and Northern Ireland (excluding the Scilly Isles) can apply for this deal direct from Nationwide BS or via an intermediary.
Also charging the lowest five-year rate of 4.80% to finance up to 60% LTV is Yorkshire Building Society. This direct deal, available in Great Britain and Northern Ireland, comes with a £995 completion fee but provides a free valuation and free legal fees.
Last updated: 02/04/2026
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: 4.75% fixed until 30 June 2029 before reverting to 5.74%
Initial period: 3 years
Product fee: £899
Maximum loan-to-value: 75%
APRC: 5.6%
Representative example: £250,000 mortgage over 25 years initially at 4.75% fixed for 38 months reverting to 5.74% variable for term. 38 monthly payments of £1425.29 and 262 monthly payments of £1556.34. Total amount payable £462,951.10 includes loan amount, interest of £211,922, valuation fees of £0 and product fees of £899. The overall cost for comparison is 5.6% 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.
Following yet more increases across the sector, the lowest fixes for homemovers have all seen a rise this week. Barclays Mortgage now offers the lowest two-year fixed rate and is one lender offering the cheapest-priced three-year fix of 4.60% and 4.75%, respectively, to finance a respective maximum LTV of 60% and 75%. These deals come with an £899 arrangement fee and can be applied for direct from the lender or via an intermediary across Great Britain and Northern Ireland.
Those in Great Britain and Northern Ireland looking for minimal upfront costs could explore a direct two-year fix from the same lender at 4.80% which doesn’t charge any additional product fees. It can finance up to 60% LTV and, as an extra perk, it provides a free valuation. Considering its features, this mortgage qualifies as a Moneyfacts Best Buy.
Another lender charging 4.75% to finance up to 60% LTV on a three-year deal is Nationwide BS. It costs £999 in reservation fees, and its perks include a free valuation and a green home cashback of £250 for those buying a property with an Energy Performance Certificate rating between 86 and 91 (or an attractive £500 for a score of 92 or higher). Available in Great Britain and Northern Ireland (excluding the Scilly Isles), borrowers can apply direct or via an intermediary.
Those wanting a five-year fix will find that the lowest rate available across Great Britain and Northern Ireland this week comes from Yorkshire Building Society. Charging 4.77% to finance a maximum LTV of 60%, homemovers will need to budget for the £995 completion fee that comes with this direct deal but will receive a free valuation.
Alternatively, for those with less equity, the same lender provides a five-year deal at 4.79% that can finance up to 75% LTV. Otherwise, it has the same features as the mortgage above, while qualifying as a Moneyfacts Best Buy.
Last updated: 02/04/2026
Rate: 4.94% fixed for 2 years before reverting to 7.34%
Initial period: 2 years
Product fee: £995
Maximum loan-to-value: 90%
APRC: 7.2%
Representative example: £200,000 mortgage over 25 years initially at 4.94% fixed for 24 months reverting to 7.34% variable for term. 24 monthly payments of £1162.20 and 276 monthly payments of £1438.43. Total amount payable £426,404.48 includes loan amount, interest of £224,899, valuation fees of £285 and product fees of £995. The overall cost for comparison is 7.2% APRC representative.
Rate: 4.96% 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 4.96% fixed for 62 months reverting to 5.74% variable for term. 62 monthly payments of £1164.52 and 238 monthly payments of £1241.48. Total amount payable £368,701.48 includes loan amount, interest of £167,672, valuation fees of £0 and product fees of £899. The overall cost for comparison is 5.6% APRC representative.
Rate: 5.14% fixed for 2 years before reverting to 7.34%
Initial period: 2 years
Product fee: £995
Maximum loan-to-value: 95%
APRC: 7.2%
Representative example: £200,000 mortgage over 25 years initially at 5.14% fixed for 24 months reverting to 7.34% variable for term. 24 monthly payments of £1185.55 and 276 monthly payments of £1440.19. Total amount payable £427,450.64 includes loan amount, interest of £225,946, valuation fees of £285 and product fees of £995. The overall cost for comparison is 7.2% 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.
Further rises have seen the lowest mortgage rates for first-time buyers climb once again this week, with Beverley BS now charging the cheapest priced two-year fixed rate for those with a 10% deposit of 4.94%. It comes with a £995 completion fee and doesn’t offer any incentives. Borrowers in England and Wales can access this deal from the lender directly.
Those in Great Britain and Northern Ireland looking to save on upfront costs could consider a two-year fix at a higher 5.15% from Barclays Mortgage which doesn’t come with any additional product fees. This deal can finance up to 90% LTV and provides the extra perk of a free valuation. Borrowers can apply for this mortgage direct from Barclays Mortgage or via an intermediary.
The lowest five-year fix for those with a 10% deposit in Great Britain and Northern Ireland now comes from Barclays Mortgage at 4.96%. While it charges an £899 arrangement fee, it provides borrowers with the benefit of a free valuation. It’s available direct from Barclays Mortgage, or through an intermediary.
Alternatively, those with a 10% deposit looking to keep upfront costs low could explore a five-year fix at 5.04% from the same lender which doesn’t charge any additional product fees. Borrowers will also receive the added incentive of a free valuation. It’s available across Great Britain and Northern Ireland and can be applied for direct from Barclays Mortgage or via an intermediary.
Elsewhere, the cheapest-priced two-year fixed rate for first-time buyers with a 5% deposit is now 5.14% and comes from Beverley BS. Borrowers across England and Wales are eligible to apply for this mortgage, which charges a £995 completion fee.
Otherwise, those with a 5% deposit wanting to minimise their upfront costs could consider a two-year discounted variable rate mortgage from Furness BS of 4.74% which doesn’t charge borrowers any additional product fee. It also comes with the perk of a free valuation (up to £665) and an attractive £250 cashback.
Meanwhile, the lowest five-year fixed rate for those with a 5% deposit comes from Barclays Mortgage at 5.32% this week. Its Springboard mortgage doesn’t charge any additional product fees and comes with the extra perk of a free valuation. Available to borrowers in Great Britain and Northern Ireland, it can be applied for direct from Barclays Mortgage or via an intermediary. This springboard mortgage allows families and friends to help first-time buyers by putting a deposit equivalent to 10% of the property purchase price into a Helpful Start account for a minimum period of five years. Considering its features, it earns a place on our Moneyfacts Best Buy chart.
The same lender additionally offers a five-year fixed deal which offers the next-lowest rate of 5.36% to finance up to 95% LTV. It has many of the same features as the deal above, but is a standard mortgage, not a springboard product.
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