Updated July 2026
Lowest UK Mortgage Rates – Updated Monthly
Finding the lowest mortgage rates in the UK can be difficult because lender pricing changes regularly. The lowest mortgage rate available today may be withdrawn or replaced quickly, especially when swap rates, inflation expectations, or Bank of England forecasts change.
Each month, we update this guide with the latest lowest mortgage rates UK data, including the lowest fixed rate mortgage, lowest fixed mortgage rates, lowest mortgage interest rates, lowest remortgage rates, lowest variable rate mortgage options, and where possible, the lowest buy to let mortgage rates.
The table below is designed to give you a snapshot of current pricing across different mortgage types and loan-to-value bands. However, the lowest rate is not always the best mortgage for your situation. Your deposit size, income, credit profile, property type, and lender affordability criteria all affect which products you can actually access.
The lowest mortgage rates in the UK are typically available at lower loan-to-value levels and may include higher fees, making lender choice and structure essential. If you are looking for the lowest deposit mortgage, a remortgage deal, a fixed rate, or a variable/tracker mortgage, it is worth getting advice before applying.
Below are the current lowest mortgage rates UK across fixed, variable, remortgage, and buy-to-let products.
| Mortgage Product Type | Lowest Mortgage Rate | ||||
|---|---|---|---|---|---|
| Lowest 2-year fixed mortgage rate | 4.30% | ||||
| Lowest 5-year fixed mortgage rate | 4.45% | ||||
| Average 2-year fixed rate | 5.53% | ||||
| Average 5-year fixed rate | 5.53% | ||||
| Lowest 2-year remortgage rate | 4.30% | ||||
| Lowest 5-year remortgage rate | 4.33% | ||||
| Lowest 2-year product transfer rate | 4.15% | ||||
| Lowest 5-year product transfer rate | 4.20% | ||||
| 2-year tracker / variable | 4.08% | ||||
| 5-year tracker / variable | 4.20% | ||||
| 2-year fixed (BTL) | 4.60% | ||||
| 5-year fixed (BTL) | 4.29% |
The lowest mortgage rate is useful as a starting point, but it does not always mean it is the best mortgage deal for you. For example, the lowest fixed mortgage rates may come with higher fees, lower maximum loan sizes, stricter affordability rules, or limited availability at certain LTVs. Similarly, the lowest variable rate mortgage may look attractive today, but monthly payments can change if the Bank of England base rate moves.
The same applies to the lowest remortgage rates, lowest buy to let mortgage deals, and lowest deposit mortgage options. The right mortgage depends on your income, deposit, property type, loan size, and lender criteria.
Speak to a Mortgage Broker
At Oportfolio Mortgages, we compare rates across the market and assess which lenders are most suitable for your situation, not just which lender appears cheapest on headline rate.
Want to know the lowest mortgage rate you could actually get? Book a quick mortgage review with Oportfolio Mortgages and we’ll check your income, deposit, and lender options against real mortgage criteria.
FAQ: Lowest UK Mortgage Rates
Are the lowest mortgage rates always the best?
No, the lowest rate may come with high fees or stricter criteria, making it less suitable overall.
What deposit do I need for the lowest mortgage rates?
The lowest mortgage rates are usually available at 60% LTV or lower, requiring a 40% deposit.
What are the lowest buy to let mortgage rates?
Buy-to-let rates are typically higher than residential rates and often require a minimum 25% deposit.
How can I get the lowest mortgage rate?
You can access the lowest mortgage rates by improving your deposit, credit profile, and choosing the right lender with the help of a mortgage advisor.
