BoE Base Rate 3.75%CPI Inflation 3.1%Next MPC Review 5 Nov 2026
Last updated: 3 October 2026 at 06:31

Current Mortgage Rates

See today’s indicative mortgage rates — then find out what you could actually qualify for.

Mortgage rates vary according to deposit, loan-to-value, credit history, income, property type and individual lender criteria. The lowest advertised rate isn’t always the cheapest — or the mortgage you’re most likely to qualify for.

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Whole-of-Market Advice•35+ Years’ Experience•FCA-Regulated

Find indicative rates relevant to your situation

Indicative market examples researched from publicly available UK market data. The rate you see is not necessarily the rate you will qualify for — or the mortgage that will cost you the least.

2 Year Fixed

Santander

4.76%

Initial rate

6.4% APRCMax LTV 75%Product fee £999

Indicative monthly payment £1,224*

2 Year Fixed

Santander

4.85%

Initial rate

6.4% APRCMax LTV 85%Product fee £999

Indicative monthly payment £1,238*

2 Year Fixed

Yorkshire Building Society

4.93%

Initial rate

6.2% APRCMax LTV 75%No product fee

Indicative monthly payment £1,251*

Lowest shown

5 Year Fixed

NatWest

4.74%

Initial rate

6.6% APRCMax LTV 75%Product fee £1,067

Indicative monthly payment £1,221*

5 Year Fixed

Santander

4.88%

Initial rate

6.1% APRCMax LTV 85%Product fee £999

Indicative monthly payment £1,243*

5 Year Fixed

Yorkshire Building Society

5.08%

Initial rate

6.0% APRCMax LTV 80%Product fee £1,495

Indicative monthly payment £1,275*

5 Year Fixed

TSB

5.14%

Initial rate

7.2% APRCMax LTV 80%Product fee £995

Indicative monthly payment £1,284*

5 Year Fixed

Coventry Building Society

5.29%

Initial rate

6.5% APRCMax LTV 80%No product fee

Indicative monthly payment £1,308*

5 Year Fixed

Royal Bank of Scotland

5.31%

Initial rate

6.7% APRCMax LTV 90%Product fee £995

Indicative monthly payment £1,312*

5 Year Fixed

TSB

5.39%

Initial rate

7.2% APRCMax LTV 80%No product fee

Indicative monthly payment £1,325*

5 Year Fixed

Barclays

5.40%

Initial rate

5.7% APRCMax LTV 90%Product fee £899

Indicative monthly payment £1,326*

5 Year Fixed

Bank of Ireland UK

5.44%

Initial rate

6.9% APRCMax LTV 90%No product fee

Indicative monthly payment £1,333*

5 Year Fixed

Barclays

5.46%

Initial rate

5.7% APRCMax LTV 95%Product fee £899

Indicative monthly payment £1,336*

5 Year Fixed

Bank of Ireland UK

5.66%

Initial rate

6.9% APRCMax LTV 95%No product fee

Indicative monthly payment £1,369*

3 Year Fixed

TSB

5.04%

Initial rate

6.6% APRCMax LTV 75%Product fee £995

Indicative monthly payment £1,268*

3 Year Fixed

Santander

5.11%

Initial rate

6.4% APRCMax LTV 90%Product fee £999

Indicative monthly payment £1,279*

3 Year Fixed

Santander

5.31%

Initial rate

6.4% APRCMax LTV 90%No product fee

Indicative monthly payment £1,312*

3 Year Fixed

Santander

5.50%

Initial rate

6.5% APRCMax LTV 95%No product fee

Indicative monthly payment £1,343*

*Example based on a £250,000 repayment mortgage over 35 years. Your actual payment will depend upon the amount borrowed, mortgage term, product selected and individual circumstances. Rates shown are indicative examples and not a recommendation, mortgage offer or guarantee of eligibility. Mortgage products, rates and lender criteria can change and products may be amended or withdrawn.

What could today’s rates mean for your mortgage?

Enter a few figures to see your estimated loan-to-value and an indicative repayment at today’s rates.

The lowest mortgage rate isn’t always the cheapest mortgage

Interest rate is only one part of the cost of a mortgage. Product fees, incentives, mortgage amount and the period for which you intend to keep the mortgage can all affect the overall cost.

Mortgage A

Lower interest rate

Higher product fee

Mortgage B

Slightly higher interest rate

No product fee

Depending upon the amount borrowed and the product period, the mortgage with the higher headline rate could cost less overall. This is why Mortgage321 compares the true cost of products — not just the rate on the screen.

Ask Mortgage321 to compare the true cost

What determines the mortgage rate you can get?

Two clients can be quoted very different rates for the same property. These are the main factors lenders consider.

Loan-to-value

Your deposit or existing equity determines your loan-to-value. Lower LTV borrowing can often provide access to a wider range of mortgage products.

Credit history

Recent missed payments, defaults, CCJs and other credit issues can affect lender choice, eligibility and pricing.

Income & affordability

The lender must be satisfied that the requested mortgage is affordable based upon its own affordability assessment.

Employment & income type

PAYE employees, self-employed applicants, company directors, contractors and clients with complex income can be assessed differently between lenders.

Property type

Construction type, flats, HMOs, commercial elements and unusual properties can affect lender availability.

Loan size

Some lenders apply different products, affordability calculations or underwriting requirements to larger mortgage amounts.

Find out which lenders may consider my circumstances

Mortgage rates for different circumstances

The mortgage rate available to you depends upon more than your deposit. Your income, credit history, property and overall circumstances can influence which lenders and products are available.

First-Time Buyers

Explore mortgage options for buyers with deposits from 5% upwards, subject to lender criteria and affordability.

Learn more

Remortgaging

Compare your existing lender’s options with suitable products available from the wider mortgage market.

Learn more

Self-Employed

The headline mortgage rate may not be the main challenge. Different lenders can assess self-employed and company director income very differently.

Learn more

Adverse Credit

Missed payments, defaults or CCJs don’t automatically mean that a mortgage is unavailable. Lender criteria varies considerably.

Learn more

Buy-to-Let

Buy-to-let affordability can depend upon rental income, tax status, property type and lender stress-testing as well as the headline interest rate.

Learn more

Complex Mortgages

Specialist lenders can consider circumstances and properties that may fall outside automated high-street lending criteria.

Learn more

Is your current mortgage deal ending soon?

When your fixed or discount period ends, your lender usually moves you onto its standard variable rate — which is often significantly higher. Here’s when to act.

6+ months away

Start planning. Understanding your current mortgage, equity position and likely borrowing requirements early can help you prepare.

3–6 months away

This is a useful time to begin reviewing your existing lender and wider-market options.

Under 3 months

If you haven’t reviewed your options yet, now is the time to compare your existing lender with suitable alternatives.

Check My Remortgage Options

How far in advance a new product can be arranged varies between lenders, as product and offer validity differs. Matthew can confirm the timing for your circumstances.

Get my personalised rates

The rates above are indicative. Tell Matthew about your situation and he can identify which lenders and products may actually be suitable — and what you could really qualify for.

Which best describes your mortgage? *

Any known credit issues?

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We’ll use your details to contact you about your mortgage enquiry. See our for more information.Privacy Policy. This is an enquiry for personalised mortgage advice — not a mortgage application.

Want to know when mortgage rates change?

Register your interest and we can keep you informed about meaningful changes in mortgage pricing relevant to the type of mortgage you’re considering.

Mortgage Rate FAQs

Common questions about mortgage rates, pricing and eligibility — answered in plain English.

Mortgage rates change frequently as lenders amend, withdraw and launch products. The rates shown on this page are indicative examples of products available at the time of the last update shown above. The rate actually available to you depends on your deposit or equity, income, credit history, property and individual lender criteria.
No. Product fees, incentives, the amount you borrow and the period you intend to keep the mortgage all affect the overall cost. A slightly higher rate with no product fee can cost less in total than a lower rate with a large fee — which is why Mortgage321 compares the true cost, not just the headline rate.
It depends on your circumstances. A 2-year fix offers more flexibility to review sooner, while a 5-year fix gives longer payment certainty — often at a higher rate or with different fees. Matthew can explain the trade-offs and how each option fits your plans before you decide.
A lower loan-to-value — meaning a bigger deposit or more equity in your property — usually gives access to a wider range of products and lower indicative rates, because it represents less risk to the lender. Products at 60% LTV are typically priced lower than those at 90% or 95% LTV.
Possibly. Missed payments, defaults or CCJs don’t automatically mean a mortgage is unavailable — lender criteria varies considerably and specialist lenders consider credit issues case by case. The rate available may be higher and a larger deposit may be required, depending on the type and age of the credit issues.
Not necessarily. The main challenge for self-employed applicants is often how income is assessed rather than the rate itself. Different lenders assess self-employed and company director income differently, and the rate available depends on the overall case once the right lender is identified.
It depends on the amount you’re borrowing and how long you intend to keep the product. On larger loans, a fee-charging deal with a lower rate can work out cheaper overall; on smaller loans, a fee-free deal often costs less. Mortgage321 compares the total cost of each option rather than the headline rate alone.
Around three to six months before your current deal ends is a useful time to begin reviewing your existing lender and wider-market options. How far in advance a new product can be arranged varies between lenders, as product and offer validity differs — Matthew can confirm the timing for your circumstances.
Yes. As a whole-of-market intermediary, Mortgage321 researches products from across the market, including products available only through intermediaries, as well as lenders that accept applications directly. Your home may be repossessed if you do not keep up repayments on your mortgage.
The rates shown are indicative examples. Eligibility depends on the lender’s affordability assessment, your credit history, your loan-to-value, the property being mortgaged and the lender’s criteria at the time of application. Mortgage321 assesses your circumstances first to identify lenders whose criteria you’re likely to meet.

Important information

The mortgage rates shown on this page are indicative examples and are not a recommendation, mortgage offer or guarantee of eligibility. Mortgage products, rates and lender criteria can change and products may be amended or withdrawn.

The mortgage available to you will depend upon your individual circumstances, including income, affordability, credit history, loan-to-value and the property being mortgaged.

Mortgage321 will confirm available products and provide a personalised recommendation following an assessment of your circumstances.

Mortgage321 is a trading style of Matthew Christopher Pigrome, an appointed representative of Ingard Financial Limited, authorised and regulated by the Financial Conduct Authority No. 450731. Your home may be repossessed if you do not keep up repayments on your mortgage.

See what you could actually qualify for.

Online mortgage rates are useful for understanding the market. The next step is finding out which lenders and products are suitable for your circumstances.

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