Last updated: 10 June 2026 at 13:50
Latest mortgage news: Respite for borrowers as the mortgage market shows signs of recovery.
Recently the mortgage market has been in state of turmoil due to conflict in the Middle East, with product choice dropping and interest rates rising. However, overall product count has since returned to above 7,000 (the first time since March 2026), the latest Moneyfacts UK Mortgage Trends Treasury Report has revealed.
As of the start of June, there were 7,132 products on the market, and – with average fixed rates also continuing a downward trend for a second month – the outlook could be improving for borrowers.
“Fixed rates dropped for a consecutive month, with the average two-year fixed rate seeing its biggest monthly drop in over a year of 0.10%,” Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, commented. However, she explained the average five-year fixed deal “only fell by 0.05%”, and warned that the future of interest rates is still unclear.
Read more: Mortgage market shows signs of recovery as product count returns above 7,000
What’s more, this week has seen some of the lowest fixed rates fall thanks to cuts from lenders such as TSB, Santander, Halifax and Lloyds Bank.
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: 10/06/2026
Rate: 4.54% fixed until 31 August 2028 before reverting to 7.24%
Initial period: 2 years
Product fee: £1,495
Maximum loan-to-value: 60%
APRC: 7.00%
Representative example: £210,000 mortgage over 25 years initially at 4.54% fixed for 26 months reverting to 7.24% variable for term. 26 monthly payments of £1172.02 and 274 monthly payments of £1491.95. Total amount payable £441,141.82 includes loan amount, interest of £229,267, valuation fees of £0 and product fees of £1495. The overall cost for comparison is 7.0% APRC representative.
Rate: 4.68% fixed until 2 September 2029 before reverting to 6.50%
Initial period: 3 years
Product fee: £999
Maximum loan-to-value: 60%
APRC: 6.2%
Representative Example: £210,000 mortgage over 25 years initially at 4.68% fixed for 38 months reverting to 6.50% variable for term. 38 monthly payments of £1188.81 and 262 monthly payments of £1394.19. Total amount payable £412,056.56 includes loan amount, interest of £200,453, valuation fees of £0 and product fees of £999. The overall cost for comparison is 6.2% APRC representative.
Rate: 4.59% fixed until 31 July 2031 before reverting to 6.24%
Initial period: 5 years
Product fee: £999
Maximum loan-to-value: 60%
APRC: 5.7%
Representative example: £210,000 mortgage over 25 years initially at 4.59% fixed for 61 months reverting to 6.24% variable for term. 61 monthly payments of £1178.00 and 239 monthly payments of £1348.93. Total amount payable £395,726.27 includes loan amount, interest of £184,252, valuation fees of £0 and product fees of £999. The overall cost for comparison is 5.7% APRC representative.
For another consecutive week, the lowest two-year fixed remortgage rate has seen a drop, now sitting at 4.54% and is offered on two deals from TSB. These mortgages can finance up to 60% loan to value (LTV) and charge a sizeable £1,495 arrangement fee. Available direct from the lender or via selected intermediaries across Great Britain, they come with the perk of a free valuation. One deal additionally provides free legal fees, while the other offers £300 cashback instead.
Those with less equity could consider a two-year fix from Santander of 4.64%, which can finance up to 75% LTV. It charges £999 in arrangement fees but comes with either free legal fees or £250 cashback – with those in England, Wales and Northern Ireland also benefiting from a free valuation (up to £1,190), while borrowers across Scotland get £95 towards valuation costs. Borrowers in these lending areas can apply for this mortgage directly or via an intermediary. Considering its overall value, this deal qualifies as a Moneyfacts Best Buy.
Santander continues to provide the cheapest priced three-year fix for remortgage borrowers, but at a lower 4.68% this week. It can finance a maximum LTV of 60% and, while it comes with a £999 arrangement fee, it offers borrowers a choice of £250 cashback or free legal fees. Borrowers in England, Wales and Northern Ireland get the extra perk of a free valuation and those in Scotland will instead receive £95 towards their valuation fees. This deal is accessible both direct from Santander and via intermediaries.
Borrowers in Great Britain wanting to keep upfront costs low could explore a three-year fix from Skipton BS charging a higher 5.26% which doesn’t come with any additional product fees. This Moneyfacts Best Buy deal, available direct or via intermediaries, can finance a maximum LTV of 90% and provides the extra perks of a free valuation and free legal fees.
Holding steady at 4.59% (to finance up to 60% LTV), the lowest five-year fix for borrowers across Great Britain and Northern Ireland continues to come from HSBC this week. This deal, available direct from the lender and via selected intermediaries, provides borrowers with a free valuation and either £300 cashback or free legal fees. However, they will need to budget for the £999 booking fee.
Alternatively, borrowers with less equity could consider a Moneyfacts Best Buy five-year deal from the same lender at 4.67% to finance 75% LTV. Otherwise, this mortgage has the same features as the one above.
Last updated: 10/06/2026
Rate: 4.37% fixed until 31 August 2028 before reverting to 7.24%
Initial period: 2 years
Product fee: £999
Maximum loan-to-value: 60%
APRC: 6.9%
Representative example: £250,000 mortgage over 25 years initially at 4.37% fixed for 26 months reverting to 7.24% variable for term. 26 monthly payments of £1371.20 and 274 monthly payments of £1773.98. Total amount payable £522,870.72 includes loan amount, interest of £271,722, valuation fees of £100 and product fees of £999. The overall cost for comparison is 6.9% APRC representative.
Rate: 4.37% fixed until 31 August 2028 before reverting to 7.24%
Initial period: 2 years
Product fee: £999
Maximum loan-to-value: 60%
APRC: 6.9%
Representative example: £250,000 mortgage over 25 years initially at 4.37% fixed for 26 months reverting to 7.24% variable for term. 26 monthly payments of £1371.20 and 274 monthly payments of £1773.98. Total amount payable £522,870.72 includes loan amount, interest of £271,722, valuation fees of £100 and product fees of £999. The overall cost for comparison is 6.9% APRC representative.
Rate: 4.53% fixed until 31 August 2029 before reverting to 7.24%
Initial period: 3 years
Product fee: £999
Maximum loan-to-value: 60%
APRC: 6.7%
Representative example: £250,000 mortgage over 25 years initially at 4.53% fixed for 38 months reverting to 7.24% variable for term. 38 monthly payments of £1393.84 and 262 monthly payments of £1761.98. Total amount payable £515,753.68 includes loan amount, interest of £264,605, valuation fees of £100 and product fees of £999. The overall cost for comparison is 6.7% APRC representative.
Rate: 4.53% fixed until 31 August 2029 before reverting to 7.24%
Initial period: 3 years
Product fee: £999
Maximum loan-to-value: 60%
APRC: 6.7%
Representative example: £250,000 mortgage over 25 years initially at 4.53% fixed for 38 months reverting to 7.24% variable for term. 38 monthly payments of £1393.84 and 262 monthly payments of £1761.98. Total amount payable £515,753.68 includes loan amount, interest of £264,605, valuation fees of £100 and product fees of £999. The overall cost for comparison is 6.7% APRC representative.
Rate: 4.43% fixed until 31 July 2031 before reverting to 6.24%
Initial period: 5 years
Product fee: £999
Maximum loan-to-value: 60%
APRC: 5.6%
Representative example: £250,000 mortgage over 25 years initially at 4.43% fixed for 61 months reverting to 6.24% variable for term. 61 monthly payments of £1379.67 and 239 monthly payments of £1601.48. Total amount payable £468,057.59 includes loan amount, interest of £216,914, valuation fees of £0 and product fees of £999. The overall cost for comparison is 5.6% APRC representative.
The lowest two-year fixed rate for homemovers has dropped to 4.37% this week and is offered on a deal each from Halifax and Lloyds Bank. What’s more, the lowest three-year fixed rate has dipped to 4.53% and is also offered on deals from these lenders. All can finance up to 60% of a property’s value and charge a £999 product fee. Borrowers will take home £250 cashback if their new property has an Energy Performance Certificate (EPC) score of 81 or higher. These deals can be applied for across Great Britain and Northern Ireland direct from Halifax and Lloyds Bank or via selected intermediaries.
Borrowers looking to keep upfront costs to a minimum could explore a Moneyfacts Best Buy two-year deal from first direct which charges 4.76% and doesn’t come with any additional product fees. This direct deal, accessible across Great Britain and Northern Ireland, can finance a maximum LTV of 75% and provides the extra incentive of a free valuation.
Those who need to finance a larger portion of their property could consider a three-year deal, also from first direct, of 4.73% to finance up to 75% LTV. It comes with a small £490 booking fee but otherwise has the same features as the previous mortgage. Considering its overall value, it qualifies as a Moneyfacts Best Buy.
The cheapest-priced five-year fix for borrowers across Great Britain and Northern Ireland remains unchanged this week. Continuing to charge 4.43% to finance up to 60% LTV, this deal from HSBC (available directly or via selected intermediaries) comes with a £999 booking fee and a free valuation. It also earns a place on our Moneyfacts Best Buy chart.
Alternatively, those with less equity could explore a five-year fix from Santander charging 4.54% to finance a maximum LTV of 75%. While it comes with a £999 arrangement fee, borrowers are provided with a free valuation (up to £1,190) and an attractive £250 cashback. This Moneyfacts Best Buy deal is accessible across Great Britain and Northern Ireland direct from Santander or via an intermediary.
Last updated: 10/06/2026
Rate: 4.80% fixed until 31 July 2028 before reverting to 6.24%
Initial period: 2 years
Product fee: £1,499
Maximum loan-to-value: 90%
APRC: 6.2%
Representative example: £200,000 mortgage over 25 years initially at 4.80% fixed for 25 months reverting to 6.24% variable for term. 25 monthly payments of £1145.99 and 275 monthly payments of £1306.65. Total amount payable £389,727.50 includes loan amount, interest of £187,979, valuation fees of £0 and product fees of £1499. The overall cost for comparison is 6.2% APRC representative.
Rate: 4.79% fixed until 31 August 2031 reverting to 7.74%
Initial period: 5 years
Product fee: £1,499
Maximum loan-to-value: 90%
APRC: 6.7%
Representative example: £200,000 mortgage over 25 years initially at 4.79% fixed for 62 months reverting to 7.74% variable for term. 62 monthly payments of £1144.84 and 238 monthly payments of £1446.24. Total amount payable £416,933.20 includes loan amount, interest of £215,185, valuation fees of £0 and product fees of £1499. The overall cost for comparison is 6.7% APRC representative.
Rate: 5.16% fixed until 31 August 2028 before reverting to 7.74%
Initial period: 2 years
Product fee: £999
Maximum loan-to-value: 95%
APRC: 7.5%
Representative example: £200,000 mortgage over 25 years initially at 5.16% fixed for 26 months reverting to 7.74% variable for term. 26 monthly payments of £1187.90 and 274 monthly payments of £1487.44. Total amount payable £439,691.96 includes loan amount, interest of £238,444, valuation fees of £0 and product fees of £999. The overall cost for comparison is 7.5% APRC representative.
Rate: 5.16% fixed until 31 August 2031 before reverting to 7.74%
Initial period: 5 years
Product fee: £999
Maximum loan-to-value: 95%
APRC: 6.8%
Representative example: £200,000 mortgage over 25 years initially at 5.16% fixed for 62 months reverting to 7.74% variable for term. 62 monthly payments of £1187.90 and 238 monthly payments of £1455.13. Total amount payable £421,218.74 includes loan amount, interest of £219,971, valuation fees of £0 and product fees of £999. The overall cost for comparison is 6.8% APRC representative.
There’s been no movement across the lowest fixed first-time buyer mortgage rates this week. West Brom BS still offers the cheapest priced two-year fix of 4.80% for those with a 10% deposit. This deal, available throughout England and Wales via the lender or selected intermediaries, comes with a hefty £1,499 completion fee but provides the incentive of a free valuation (maximum £740).
First-time buyers across England and Wales wanting to minimise their upfront costs could consider a two-year fix from the same lender which charges a higher 5.05% but doesn’t cost anything in additional product fees. It can finance up to 90% of a property’s value and comes with the extra incentive of a free valuation (maximum £740). This mortgage can be applied for direct from West Brom BS or via selected intermediaries.
Leeds BS continues to charge the lowest five-year fix of 4.79% for those with a 10% deposit, and the cheapest-priced two- and five-year fixes of 5.16% for borrowers with a smaller 5% deposit. The 90% LTV mortgage costs £1,499 in completion fees, while the 95% LTV products cost £999 in product fees. All come with the perk of a free valuation (up to £999). These deals are accessible directly from Leeds BS or via an intermediary across England, Wales, mainland Scotland and Northern Ireland.
Alternatively, those with a 10% deposit wanting to keep upfront costs low could explore a five-year deal from Santander at 4.92% which doesn’t charge any additional product fees. What’s more, it comes with the extra perks of a free valuation (up to £1,190) and £250 cashback. Available across Great Britain and Northern Ireland, it can be applied for direct from Santander or via an intermediary.
Meanwhile, borrowers with a 5% deposit looking to save on upfront costs will find that Leeds BS offers two- and five-year deals at 5.27% and 5.24%, respectively, which don’t cost any extra in product fees. These mortgages come with a free valuation (maximum £999) and are available across England, Wales, mainland Scotland and Northern Ireland direct from the provider or via intermediaries. Considering their overall value, these deals earn a place on our Moneyfacts Best Buy chart.
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