Last updated: 18 March 2026 at 14:00
Latest mortgage news: Fixed residential mortgage rates jumped higher this week with sub-4% fixes disappearing from the market – but there are still deals to be had.
Those looking for a fixed rate mortgage will find that sub-4% deals have all but vanished, with big names like Barclays, HSBC, Lloyds Bank, NatWest and Santander increasing rates since the beginning of this month, recent analysis from Moneyfactscompare.co.uk reveals.
This is because, as swap rates rise, these lower rates are no longer sustainable for lenders amid prolonged market uncertainty.
Despite this, “borrowing costs are lower than in recent years, and we have had sub-4% deals on the shelves for over a year (since February 2025),” Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, commented.
“While many of the biggest lenders no longer offer a sub-4% fixed deal, it is a cautious decision. Mortgage rates are rising due to global pressures, not UK fiscal policy, so while not ideal, rate increases are not mirroring the ‘mini-Budget’ fiasco in 2022,” she continued.
As for the future of mortgage rates, Springall explained that while it’s still too early to tell what’s going to happen, “it is still important to secure a fixed deal compared to a high revert rate, as almost £300 could be saved each month in repayments, and existing borrowers could lock into a new deal six months in advance,” (based on a £250,000 mortgage over a 25-year term on a repayment).
Speaking to a mortgage broker may be a good idea if you are concerned about the rising costs.
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: 19/03/2026
Rate: 4.14% fixed until 31 May 2028 before reverting to 6.24%
Initial period: 2 years
Product fee: £999
Maximum loan-to-value: 60%
APRC: 6.0%
Representative example: £210,000 mortgage over 25 years initially at 4.14% fixed for 26 months reverting to 6.24% variable for term. 26 monthly payments of £1124.75 and 274 monthly payments of £1365.08. Total amount payable £404,749.42 includes loan amount, interest of £193,275, valuation fees of £0 and product fees of £999. The overall cost for comparison is 6.0% APRC representative.
Rate: 4.15% fixed until 30 June 2029 before reverting to 5.74%
Initial period: 3 years
Product fee: £999
Maximum loan-to-value: 60%
APRC: 5.5%
Representative example: £210,000 mortgage over 25 years initially at 4.15% fixed for 39 months reverting to 5.74% variable for term. 39 monthly payments of £1125.92 and 261 monthly payments of £1298.56. Total amount payable £384,294.04 includes loan amount, interest of £172,835, valuation fees of £0 and product fees of £999. The overall cost for comparison is 5.5% APRC representative.
Rate: 4.24% fixed for 5 years before reverting to 6.24%
Initial period: 5 years
Product fee: £490
Maximum loan-to-value: 60%
APRC: 5.6%
Representative example: £210,000 mortgage over 25 years initially at 4.24% fixed for 60 months reverting to 6.24% variable for term. 60 monthly payments of £1136.47 and 240 monthly payments of £1341.55. Total amount payable £391,030.20 includes loan amount, interest of £180,160, valuation fees of £0 and product fees of £490. The overall cost for comparison is 5.6% APRC representative.
Rate: 4.24% fixed until 31 May 2031 before reverting to 6.24%
Initial period: 5 years
Product fee: £999
Maximum loan-to-value: 60%
APRC: 5.6%
Representative example: £210,000 mortgage over 25 years initially at 4.24% fixed for 62 months reverting to 6.24% variable for term. 62 monthly payments of £1136.47 and 238 monthly payments of £1340.07. Total amount payable £390,871.80 includes loan amount, interest of £179,398, valuation fees of £0 and product fees of £999. The overall cost for comparison is 5.6% APRC representative.
Rate: 4.24% fixed until 29 April 2031 before reverting to 6.00%
Initial period: 5 years
Product fee: £850
Maximum loan-to-value: 75%
APRC: 5.5%
Representative example: £210,000 mortgage over 25 years initially at 4.24% fixed for 60 months reverting to 6.00% variable for term. 60 monthly payments of £1136.47 and 240 monthly payments of £1315.99. Total amount payable £385,355.80 includes loan amount, interest of £174,026, valuation fees of £0 and product fees of £850. The overall cost for comparison is 5.5% APRC representative.
This week brings more increases across all the lowest fixed mortgage rates as sub-4% deals disappear from the market, with the lowest two-year fix for remortgage borrowers found from HSBC. The lender also offers one of the lowest five-year fixes. These mortgages, charging 4.14% and 4.24%, respectively, can finance a maximum loan-to-value (LTV) of 60%. Available to borrowers in Great Britain and Northern Ireland direct from HSBC or via selected intermediaries, they come with a £999 booking fee but provide the perks of a free valuation and a choice between £300 cashback and free legal fees.
Those looking to save on upfront costs could consider a two-year fix from first direct at a slightly higher 4.15% to finance up to 60% LTV. It comes with a smaller £490 booking fee and provides the incentives of a free valuation and free legal fees. Those in Great Britain and Northern Ireland can apply for this Moneyfacts Best Buy deal direct from the lender.
The lender also joins HSBC in offering the cheapest-priced five-year fix, at 4.24% to finance up to 60% LTV. This deal comes with a smaller £490 booking fee and provides borrowers with a free valuation and free legal fees. Those in Great Britain and Northern Ireland can apply for this deal direct from the lender.
Additionally charging 4.24% on a five-year fixed deal is Newbury BS. Available to remortgage borrowers in England and Wales, it can be used to finance a maximum LTV of 75%. While borrowers will face an £850 arrangement fee, they’ll get a free valuation (up to £700) and free legal fees. Applications for this mortgage can be made both direct or via intermediaries.
Meanwhile, remortgage borrowers throughout Great Britain and Northern Ireland who’d prefer to secure a rate for three years will find Barclays Mortgage continues to offer the cheapest fix in this sector - despite charging an increased 4.15% to finance up to 60% LTV. Borrowers will need to budget for the £999 arrangement fee, but will receive a free valuation and a choice of either free legal fees or £350 cashback. This mortgage can be applied for either direct from the lender or via an intermediary.
Alternatively, those in Great Britain with less equity could explore a three-year fixed deal charging 4.49% from Furness BS which can finance up to 90% LTV. This Moneyfacts Best Buy deal comes with a £999 booking fee and, as incentives, provides a free valuation (up to £665) and £250 cashback. This deal can be applied for direct from Furness BS or via an intermediary.
Last updated: 19/03/2026
Rate: 4.01% fixed for 2 years before reverting to 6.24%
Initial period: 2 years
Product fee: £490
Maximum loan-to-value: 60%
APRC: 6.0%
Representative example: £250,000 mortgage over 25 years initially at 4.01% fixed for 24 months reverting to 6.24% variable for term. 24 monthly payments of £1320.97 and 276 monthly payments of £1625.42. Total amount payable £480,859.20 includes loan amount, interest of £230,319, valuation fees of £0 and product fees of £490. The overall cost for comparison is 6.0% APRC representative.
Rate: 4.01% fixed until 31 May 2028 before reverting to 6.24%
Initial period: 2 years
Product fee: £999
Maximum loan-to-value: 60%
APRC: 6.0%
Representative example: £250,000 mortgage over 25 years initially at 4.01% fixed for 26 months reverting to 6.24% variable for term. 26 monthly payments of £1320.97 and 274 monthly payments of £1623.53. Total amount payable £480,336.44 includes loan amount, interest of £229,192, valuation fees of £0 and product fees of £999. The overall cost for comparison is 6.0% APRC representative.
Rate: 4.15% fixed for 3 years before reverting to 6.24%
Initial period: 3 years
Product fee: £490
Maximum loan-to-value: 60%
APRC: 5.8%
Representative example: £250,000 mortgage over 25 years initially at 4.15% fixed for 36 months reverting to 6.24% variable for term. 36 monthly payments of £1340.39 and 264 monthly payments of £1616.36. Total amount payable £475,513.08 includes loan amount, interest of £224,973, valuation fees of £0 and product fees of £490. The overall cost for comparison is 5.8% APRC representative.
Rate: 4.19% fixed for 5 years before reverting to 6.24%
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 4.19% fixed for 60 months reverting to 6.24% variable for term. 60 monthly payments of £1345.96 and 240 monthly payments of £1595.70. Total amount payable £464,265.60 includes loan amount, interest of £213,726, valuation fees of £0 and product fees of £490. The overall cost for comparison is 5.5% APRC representative.
Rate: 4.19% fixed until 31 May 2031 before reverting to 6.24%
Initial period: 5 years
Product fee: £999
Maximum loan-to-value: 60%
APRC: 5.5%
Representative example: £250,000 mortgage over 25 years initially at 4.19% fixed for 62 months reverting to 6.24% variable for term. 62 monthly payments of £1345.96 and 238 monthly payments of £1593.90. Total amount payable £463,941.72 includes loan amount, interest of £212,798, valuation fees of £0 and product fees of £999. The overall cost for comparison is 5.5% APRC representative
The cheapest-priced fixes for homemovers have all seen a hefty uptick this week, with first direct now one of two lenders charging the lowest two-year fixed rate of 4.01%. The lender also offers the lowest three- and one of the cheapest five-year fixes, at 4.15% and 4.19% respectively. The two-, three- and five-year first direct mortgages can all finance up to 60% LTV and come with a below average booking fee of £490. They additionally provide the extra perk of a free valuation. Borrowers in Great Britain and Northern Ireland can apply for these mortgages direct from the lender. These deals feature on our Moneyfacts Best Buy chart.
Those who want to save on upfront costs could consider a three-year fixed, direct deal from the same lender which charges 4.21% to finance up to 60% LTV and doesn’t come with any additional product fees. As an extra perk it also provides a free valuation. Considering its features, it qualifies as a Moneyfacts Best Buy deal.
Otherwise, HSBC also charges the cheapest two- and five-year fixed homemoving rates at 4.01% and 4.19%, respectively, to finance up to 60% LTV. These deals cost £999 in booking fees and come with a free valuation. Available to those in Great Britain and Northern Ireland, they can be applied for direct from HSBC or via selected intermediaries.
Last updated: 19/03/2026
Rate: 4.40% fixed for 2 years before reverting to 7.99%
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 4.40% fixed for 24 months reverting to 7.99% variable for term. 24 monthly payments of £1100.34 and 276 monthly payments of £1512.75. Total amount payable £445,141.16 includes loan amount, interest of £243,927, valuation fees of £75 and product fees of £999. The overall cost for comparison is 7.6% APRC representative.
Rate: 4.58% fixed until 2 July 2031 before reverting to 6.50%
Initial period: 5 years
Product fee: £999
Maximum loan-to-value: 90%
APRC: 5.9%
Representative example: £200,000 mortgage over 25 years initially at 4.58% fixed for 63 months reverting to 6.50% variable for term. 63 monthly payments of £1120.77 and 237 monthly payments of £1309.81. Total amount payable £382,307.48 includes loan amount, interest of £181,033, valuation fees of £0 and product fees of £999. The overall cost for comparison is 5.9% APRC representative.
Rate: 4.84% fixed for 2 years before reverting to 7.99%
Initial period: 2 years
Product fee: £999
Maximum loan-to-value: 95%
APRC: 7.7%
Representative example: £200,000 mortgage over 25 years initially at 4.84% fixed for 24 months reverting to 7.99% variable for term. 24 monthly payments of £1150.61 and 276 monthly payments of £1517.04. Total amount payable £447,531.68 includes loan amount, interest of £246,318, valuation fees of £75 and product fees of £999. The overall cost for comparison is 7.7% APRC representative.
Rate: 4.94% fixed for 5 years before reverting to 7.99%
Initial period: 5 years
Product fee: £999
Maximum loan-to-value: 95%
APRC: 6.9%
Representative example: £200,000 mortgage over 25 years initially at 4.94% fixed for 60 months reverting to 7.99% variable for term. 60 monthly payments of £1162.20 and 240 monthly payments of £1479.32. Total amount payable £425,982.80 includes loan amount, interest of £224,769, valuation fees of £75 and product fees of £999. The overall cost for comparison is 6.9% APRC representative.
Following further increases across all the lowest first-time buyer rates this week, the lowest two-year fixed mortgage rate for those with a 10% deposit now comes from Furness BS at 4.40%. Available in Great Britain direct from the lender or via an intermediary, this mortgage costs £999 in booking fees but provides a free valuation (up to £665) and £250 cashback.
Those in Great Britain and Northern Ireland looking to save on upfront costs could consider a two-year fixed deal from first direct that comes with no additional product fees. It charges a higher 4.61% to finance up to 90% LTV and includes the added perk of a free valuation. The deal is available direct from the lender.
The lowest five-year fix for first-time buyers in Great Britain and Northern Ireland with a 10% deposit is offered direct by Santander and via intermediaries. It charges 4.58% and comes with a £999 arrangement fee, while its perks include a free valuation (up to £1,190) and an attractive £250 cashback.
Alternatively, those with a 10% deposit looking to minimise upfront costs could explore a five-year deal from the same provider at 4.66% which doesn’t charge any additional product fees. Available direct from the lender or via intermediaries to those in Great Britain and Northern Ireland, it also provides a free valuation (up to £1,190) and £250 cashback.
Furness BS now offers the cheapest-priced two-year fix for first-time buyers with a 5% deposit in Great Britain at 4.84%. Available direct from the lender or via an intermediary, this deal charges £999 in booking fees. As incentives, it comes with a free valuation (up to £665) and £250 cashback.
Alternatively, borrowers could consider a Moneyfacts Best Buy two-year fixed deal from HSBC that, despite charging a higher 5.19%, comes with no additional product fees. It can finance up to 95% LTV and includes a free valuation, as well as a highly attractive £1,000 cashback. Those in Great Britain and Northern Ireland can apply for this deal direct from HSBC or via selected intermediaries.
Elsewhere, the lowest five-year fixed mortgage rate for first-time buyers with a 5% deposit now comes from Furness BS. Charging 4.94% to finance up to 95% LTV, it comes with a free valuation and £250 cashback, but borrowers will face a £999 booking fee. Borrowers in Great Britain can apply for this Moneyfacts Best Buy deal direct from Furness BS or via selected intermediaries.
Otherwise, those with a 5% deposit wanting to minimise their upfront costs could explore a five-year fix from Santander of 5.03% which doesn’t charge any additional product fees. It comes with the additional incentives of a free valuation (up to £1,190) and £250 cashback. Available to those in Great Britain and Northern Ireland direct via the lender, this mortgage also qualifies as a Moneyfacts Best Buy deal.
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