Best Mortgage Rates UK 2026

We’ve compared the best mortgage deals available to UK buyers and remortgagers right now. Whether you’re a first-time buyer, moving home, or looking to remortgage, here are the top deals — updated regularly.

📅 Rates last verified: March 2026 | Bank of England base rate: 4.50%

☑️ All mortgage deals are for illustrative purposes — your actual rate will depend on your credit score, property value, and affordability. Rates are subject to change. Smart Money HQ may receive a commission when you apply via our links — this never affects our editorial independence or ratings. Always check the latest rates directly with the lender.

How to Choose the Right Mortgage

Fixed vs tracker: A fixed-rate mortgage locks your monthly payments for a set period — usually 2 or 5 years — giving certainty even if interest rates rise. Trackers follow the Bank of England base rate and can go up or down.

LTV (Loan-to-Value): The lower your LTV, the better your rate. A 60% LTV means you have a 40% deposit or 40% equity — lenders reward this with their best deals. First-time buyers with smaller deposits will typically see higher rates at 85–95% LTV.

2-year vs 5-year fixed: 5-year fixes give longer certainty but you’re locked in for longer. 2-year deals offer flexibility to remortgage sooner — useful if you expect rates to fall. As of March 2026, 5-year rates are often marginally lower than 2-year rates.

Mortgage Costs to Watch Out For

• Arrangement fee: Typically £0–£1,500 — can be added to the mortgage but then accrues interest
• Valuation fee: Some lenders offer free valuations; others charge £300–£1,500
• Early repayment charge (ERC): Usually 1–5% of outstanding balance if you exit the fixed period early
• CHAPS fee: Small admin charge of around £25–£30 for transferring funds