Last updated: 30 September 2026 at 16:10
Latest mortgage news: Rising mortgage rates pile on the pressure and cool buyer demand.
Average mortgage rates have reached their three-year peak at 5.2%, according to the latest Zoopla House Price Index (HPI). This development sees borrowers take on an additional £150 a month – or £1,800 a year – on their typical mortgage repayments. With costs rising, affordability continues to present an issue for many and has subsequently had a knock-on effect on buyer demand. Agreed house sales fell across every region and country of the UK, the Zoopla HPI found.
Richard Donnell, Executive Director at Zoopla, commented that the ongoing conflict between the US and Iran has driven up energy prices and mortgage rates, “tempering the autumn rebound in housing activity”. He explained borrowing costs “are likely to remain elevated”.
And, with the lowest fixed residential mortgage rates climbing higher for yet another consecutive week, the market remains a maze for many. Seeking professional advice from a mortgage broker could help prospective buyers to understand their options, and what course of action may be best for them.
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: 01/10/2026
Rate: 5.06% fixed until 31 January 2029 before reverting to 5.99%
Initial period: 2 years
Product fee: £1,495
Maximum loan-to-value: 60%
APRC: 6.5%
Representative example: £210,000 mortgage over 25 years initially at 5.06% fixed for 28 months reverting to 5.99% variable for 36 months and 6.74% variable for term. 28 monthly payments of £1234.99, 36 monthly payments of £1343.22 and 236 monthly payments of £1424.56. Total amount payable £421,096.80 includes loan amount, interest of £209,132, valuation fees of £0 and product fees of £1495. The overall cost for comparison is 6.5% APRC representative.
Rate: 5.02% fixed until 31 December 2029 before reverting to 5.74%
Initial period: 3 years
Product fee: £999
Maximum loan-to-value: 75%
APRC: 5.7%
Representative example: £210,000 mortgage over 25 years initially at 5.02% fixed for 39 months reverting to 5.74% variable for term. 39 monthly payments of £1230.09 and 261 monthly payments of £1310.62. Total amount payable £391,504.33 includes loan amount, interest of £180,045, valuation fees of £0 and product fees of £999. The overall cost for comparison is 5.7% APRC representative.
Rate: 5.02% fixed until 31 January 2032 before reverting to 6.74%
Initial period: 5 years
Product fee: £1,495
Maximum loan-to-value: 60%
APRC: 6.2%
Representative example: £210,000 mortgage over 25 years initially at 5.02% fixed for 64 months reverting to 6.74% variable for term. 64 monthly payments of £1230.09 and 236 monthly payments of £1411.22. Total amount payable £413,648.68 includes loan amount, interest of £201,774, valuation fees of £0 and product fees of £1495. The overall cost for comparison is 6.2% APRC representative.
Rate: 5.02% fixed until 31 January 2032 before reverting to 6.74%
Initial period: 5 years
Product fee: £1,495
Maximum loan-to-value: 60%
APRC: 6.2%
Representative example: £210,000 mortgage over 25 years initially at 5.02% fixed for 64 months reverting to 6.74% variable for term. 64 monthly payments of £1230.09 and 236 monthly payments of £1411.22. Total amount payable £413,648.68 includes loan amount, interest of £201,774, valuation fees of £0 and product fees of £1495. The overall cost for comparison is 6.2% APRC representative.
For yet another consecutive week, the lowest rates for remortgage borrowers have risen across the board, with them all now surging above 5.00% after lenders made further increases. Now charging the cheapest priced two-year fixed rate of 5.06% is Yorkshire Building Society. This deal, which can finance up to 60% loan-to-value (LTV), costs £1,495 in completion fees, but comes with the perks of a free valuation and free legal fees. Available across Great Britain and Northern Ireland, this mortgage can be applied for direct from the lender.
Alternatively, those with less equity across Great Britain and Northern Ireland could explore a Moneyfacts Best Buy deal from Barclays Mortgage which can finance a higher 75% LTV. Charging 5.34%, this deal (which is available direct or via intermediaries) doesn’t come with any additional product fees, and, as extra incentives, comes with a free valuation, free legal fees and £150 cashback.
Barclays Mortgage continues to offer the lowest three-year fixed rate to remortgage borrowers across Great Britain and Northern Ireland, but at a higher 5.02%. While it charges a £999 arrangement fee, this deal, which can finance up to 75% LTV, provides a free valuation and a choice between free legal fees or £350 cashback. To apply for this mortgage, borrowers can go directly through the lender, or via an intermediary.
Borrowers with less equity in their home could consider a three-year fix from TSB at 5.29% to finance up to 85% LTV. This Moneyfacts Best Buy costs £995 in arrangement fees, provides a free valuation and a choice between £300 cashback or free legal fees. Available across Great Britain, this deal can be applied for both directly from TSB and via selected intermediaries.
Charging the cheapest priced five-year fixed rate of 5.02% is a deal from NatWest and two from its intermediary arm, NatWest Int Sols. All can finance a maximum LTV of 60%, are accessible across Great Britain and Northern Ireland, come with a sizeable £1,495 arrangement fee and provide a free valuation. The direct NatWest Online Exclusive deal also comes with free legal fees, as does one deal from NatWest Int Sols, while the remaining deal provides the added perk of £350 cashback.
Those with less equity could explore a five-year fix from NatWest at 5.11% which can finance up to 75% LTV. This direct Moneyfacts Best Buy deal comes with the same £1,495 arrangement fee and provides a free valuation and free legal fees. Otherwise, it is available across the same lending areas as the deals above.
Last updated: 01/10/2026
Rate: 4.93% fixed until 31 January 2029 before reverting to 5.99%
Initial period: 2 years
Product fee: £1,495
Maximum loan-to-value: 60%
APRC: 6.4%
Representative example: £250,000 mortgage over 25 years initially at 4.93% fixed for 28 months reverting to 5.99% variable for 36 months and 6.74% variable for term. 28 monthly payments of £1451.30, 36 monthly payments of £1597.57 and 236 monthly payments of £1694.31. Total amount payable £499,641.08 includes loan amount, interest of £248,006, valuation fees of £0 and product fees of £1495. The overall cost for comparison is 6.4% APRC representative.
Rate: 4.94% fixed until 30 November 2029 before reverting to 7.24%
Initial period: 3 years
Product fee: £995
Maximum loan-to-value: 60%
APRC: 6.8%
Representative example: £250,000 mortgage over 25 years initially at 4.94% fixed for 38 months reverting to 7.24% variable for term. 38 monthly payments of £1452.75 and 262 monthly payments of £1769.35. Total amount payable £519,819.20 includes loan amount, interest of £268,774, valuation fees of £0 and product fees of £995. The overall cost for comparison is 6.8% APRC representative.
Rate: 4.91% fixed until 31 January 2032 before reverting to 6.29%
Initial period: 5 years
Product fee: £1,995
Maximum loan-to-value: 60%
APRC: 5.9%
Representative example: £250,000 mortgage over 25 years initially at 4.91% fixed for 64 months reverting to 6.29% variable for term. 64 monthly payments of £1448.40 and 236 monthly payments of £1619.07. Total amount payable £476,843.12 includes loan amount, interest of £224,798, valuation fees of £0 and product fees of £1995. The overall cost for comparison is 5.9% APRC representative.
Similarly, all the lowest fixed mortgage rates for homemovers have increased this week, with the cheapest priced two-year fixed rate of 4.93% now charged by Yorkshire Building Society. This direct deal can finance up to 60% of a property’s value and, although borrowers will need to budget for the £1,495 completion fee, they’ll receive a free valuation. It’s available across Great Britain and Northern Ireland.
Alternatively, those looking to save on upfront costs could consider a two-year fix from Nationwide BS at 5.34% that doesn’t charge any extra in product fees. It can finance up to 75% LTV and provides borrowers with the added perks of a free valuation, and the opportunity to earn a green reward. Borrowers with an Energy Performance Certificate (EPC) rating between 86 and 91 will receive £250 cashback, while a higher £500 is available to those with a score of 92 or above. This deal, which qualifies as a Moneyfacts Best Buy, is accessible across Great Britain and Northern Ireland (excluding the Isles of Scilly), and can be applied for direct from the lender or via an intermediary.
TSB provides the lowest three-year fixed rate of 4.94% to borrowers across Great Britain this week. Borrowers will face a £995 arrangement fee but will receive a free valuation. This deal can be applied for directly from TSB or via selected intermediaries and can finance up to 60% LTV.
Borrowers who need to finance a larger portion of their property purchase could explore a three-year fixed deal charging 5.04% to finance a maximum LTV of 75%. This deal from TSB qualifies as a Moneyfacts Best Buy and otherwise has the same features as the mortgage above.
Elsewhere, Skipton BS charges the cheapest priced five-year fixed rate of 4.91% to finance up to 60% LTV. Accessible across Great Britain direct from the lender or via an intermediary, this deal will cost borrowers a hefty £1,995 in completion fees, but they will receive the perk of a free valuation.
Those with less equity could consider a five-year fix which charges 5.07% to finance a higher LTV of 75%. This mortgage from Yorkshire Building Society comes with a slightly smaller £1,495 completion fee and a free valuation. It’s available direct from the lender across Great Britain and Northern Ireland, and, considering its overall value, earns a place on our Moneyfacts Best Buy chart.
Last updated: 01/10/2026
Rate: 5.31% fixed until 31 January 2029 before reverting to 6.74%
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 5.31% fixed for 28 months reverting to 6.74% variable for term. 28 monthly payments of £1205.59 and 272 monthly payments of £1367.94. Total amount payable £406,881.20 includes loan amount, interest of £205,836, valuation fees of £0 and product fees of £995. The overall cost for comparison is 6.7% APRC representative.
Rate: 5.31% fixed until 31 January 2029 before reverting to 6.74%
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 5.31% fixed for 28 months reverting to 6.74% variable for term. 28 monthly payments of £1205.59 and 272 monthly payments of £1367.94. Total amount payable £406,881.20 includes loan amount, interest of £205,836, valuation fees of £0 and product fees of £995. The overall cost for comparison is 6.7% APRC representative.
Rate: 5.31% fixed until 31 January 2029 before reverting to 6.74%
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 5.31% fixed for 28 months reverting to 6.74% variable for term. 28 monthly payments of £1205.59 and 272 monthly payments of £1367.94. Total amount payable £406,956.20 includes loan amount, interest of £205,836, valuation fees of £75 and product fees of £995. The overall cost for comparison is 6.7% APRC representative.
Rate: 5.26% fixed until 29 February 2032 before reverting to 6.54%
Initial period: 5 years
Product fee: £999
Maximum loan-to-value: 90%
APRC: 6.2%
Representative example: £200,000 mortgage over 25 years initially at 5.26% fixed for 65 months reverting to 6.54% variable for term. 65 monthly payments of £1199.68 and 235 monthly payments of £1328.25. Total amount payable £391,166.95 includes loan amount, interest of £190,118, valuation fees of £0 and product fees of £999. The overall cost for comparison is 6.2% APRC representative.
Rate: 5.50% fixed until 31 January 2029 before reverting to 7.74%
Initial period: 2 years
Product fee: £1,499
Maximum loan-to-value: 95%
APRC: 7.6%
Representative example: £200,000 mortgage over 25 years initially at 5.50% fixed for 28 months reverting to 7.74% variable for term. 28 monthly payments of £1228.17 and 272 monthly payments of £1489.23. Total amount payable £441,207.32 includes loan amount, interest of £239,459, valuation fees of £0 and product fees of £1499. The overall cost for comparison is 7.6% APRC representative.
Rate: 5.49% fixed until 31 January 2032 before reverting to 6.29%
Initial period: 5 years
Product fee: £995
Maximum loan-to-value: 95%
APRC: 6.1%
Representative example: £200,000 mortgage over 25 years initially at 5.49% fixed for 64 months reverting to 6.29% variable for term. 64 monthly payments of £1226.98 and 236 monthly payments of £1307.90. Total amount payable £388,236.12 includes loan amount, interest of £187,191, valuation fees of £0 and product fees of £995. The overall cost for comparison is 6.1% APRC representative.
Once again, all the lowest fixed rates for first-time buyers have risen across the board this week. As a result, the cheapest priced two-year fixed rate for those with a 10% deposit has jumped to 5.31%. NatWest, NatWest Int Sols and Royal Bank of Scotland (RBS) all have two deals each at this rate, which all cost £995 in arrangement fees and come with a free valuation. What’s more one deal from each lender additionally comes with the extra incentive of £250 cashback. While NatWest and NatWest Int Sol's options are available across Great Britain and Northern Ireland, the RBS mortgages are accessible in Great Britain, Channel Isles and the Isle of Man. The deals from NatWest and RBS must be applied for direct from the lender, and those from NatWest Int Sols are accessible via an intermediary.
Those wanting to keep upfront costs low could consider two-year direct deals from Halifax and Lloyds Bank costing 5.50% that don’t come with any additional product fees. Available to borrowers across Great Britain and Northern Ireland, these deals, which can finance up to 90% LTV, also provide the opportunity to receive £250 cashback if your property has an EPC score of 81 or higher.
Coventry BS now charges the cheapest five-year fixed rate of 5.26% to finance up to 90% LTV. This deal, available across Great Britain, can be applied for direct from Coventry BS or through selected intermediaries and costs £999 in arrangement fees. It offers the perks of a free valuation and an attractive £500 cashback.
Alternatively, first-time buyers with a 10% deposit could explore the next lowest five-year fixed rate of 5.29% from first direct. This deal comes with a smaller £490 booking fee, the added perk of a free valuation and can be accessed across Great Britain and Northern Ireland direct from the lender.
Continuing to offer the cheapest-priced two-year fixed rate for first-time buyers with a smaller 5% deposit is Leeds BS. Costing a higher 5.50%, this mortgage will see borrowers face a £1,499 completion fee and receive a free valuation. Accessible across England, Wales, mainland Scotland and Northern Ireland, this mortgage can be applied for both directly from Leeds BS or via intermediaries.
Borrowers wanting to keep upfront costs low could explore a deal from Coventry BS charging a higher 5.74% that comes without additional product fees. This Moneyfacts Best Buy deal also provides a free valuation and £500 cashback. It can finance up to 95% LTV and is accessible across Great Britain directly from Coventry BS or via selected intermediaries.
Elsewhere, Skipton BS provides the lowest five-year fixed rate of 5.49% to finance a maximum LTV of 95% to those in Great Britain. Borrowers need to factor in the £995 completion fee but will receive the incentive of a free valuation. Applications for this mortgage can be made directly through Skipton BS or via an intermediary.
For an option that keeps upfront costs to a minimum, those with a 5% deposit looking for a five-year fix could instead explore a deal from NatWest that comes without additional product fees. It charges 5.54%, provides the extra incentive of a free valuation, and borrowers across Great Britain and Northern Ireland can apply directly via NatWest. Considering its overall value, this deal qualifies for a place on our Moneyfacts Best Buy chart.
Mortgage brokers remove a lot of the paperwork and hassle of getting a mortgage, as well as helping you access exclusive products and rates that aren’t available to the public. Mortgage brokers are regulated by the Financial Conduct Authority (FCA) and are required to pass specific qualifications before they can give you advice.
MAB is the preferred mortgage broker of Moneyfactscompare.co.uk
Get friendly, expert advice free of charge as a visitor of Moneyfactscompare.co.uk
Mortgage Advice Bureau have 1,600 UK advisers with 200 awards between them.
Speak to an award-winning mortgage broker today.
Call 0800 031 8553 or request a callback
Mortgage Advice Bureau offers fee free mortgage advice for Moneyfactscompare.co.uk visitors that call on 0800 031 8553. If you contact Mortgage Advice Bureau outside of these channels you may incur a fee of up to 1%. Lines are open Monday to Friday 8am to 8pm and Saturday 9am to 1pm excluding bank holidays. Calls may be recorded.
Your home may be repossessed if you do not keep up repayments on your mortgage.
A bridging loan can be used to purchase a property at auction, continue a purchase if your sale falls through, or for funding redevelopment projects. A lender could support your plans with between £50,000 and £25 million, depending on your circumstances.
All of our newsletters are available free by email to all Moneyfactscompare.co.uk users.
Send me Weekend Moneyfactscompare, Savers Friend, and Companies Friend.
Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time. Links to third parties on this page are paid for by the third party. You can find out more about the individual products by visiting their site. Moneyfactscompare.co.uk will receive a small payment if you use their services after you click through to their site. All information is subject to change without notice. Please check all terms before making any decisions. This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
