Mortgage rates & deals 2026

If you’re comparing mortgage rates, the headline interest rate is only part of the picture. The right deal depends on your deposit, property type, loan size, fees, and how long you expect to keep the mortgage.

This page gives a general overview of mortgage rates across the market for:

• First-time buyers
• Home movers
• Remortgages
• Buy-to-let landlords
• Commercial borrowers

What affects mortgage rates?

Mortgage rates are usually influenced by:

• Loan-to-value (LTV)
• Fixed or variable rate type
• Mortgage term
• Product fees
• Repayment type
• Property type and use
• Credit profile and affordability

In many cases, the cheapest-looking rate is not always the lowest-cost deal overall.

Residential mortgage rates

For home buyers and remortgage clients, rates typically vary depending on:

• deposit size or equity level
• whether you are purchasing or remortgaging
• income and affordability
• the product term and structure

This applies whether you are a first-time buyer, home mover, or looking to switch deals.

Buy-to-let mortgage rates

Buy-to-let pricing is usually assessed differently from residential mortgages.

Rates can depend on:

• property type
• rental income
• landlord experience
• tenancy structure
• LTV and loan size

Commercial mortgage rates

Commercial mortgage rates are often more case-specific and may depend on:

• the property type
• whether the property is owner-occupied or investment
• loan structure
• business background and affordability

Rate vs overall deal cost

When comparing mortgage deals, it’s worth checking:

• product fees
• early repayment charges
• incentives or cashback
• overpayment flexibility
• the rate after any initial fixed period

A slightly higher rate can sometimes be better value if the fees are lower or the deal is more flexible.

Compare mortgage rates across the market

The best mortgage deal for you depends on your circumstances, not just the lowest headline rate.

If you want to compare current options across the market, the next step is to review deals based on your deposit, property, and borrowing needs.

Mortgage rates and product availability can change regularly. The most accurate comparison will depend on your circumstances at the time of application.