Best 5 Year Fixed Mortgage Rates UK 2026

Best 5 year fixed mortgage rates UK 2026 are turning heads right now, especially as we settle into the new year. With the Bank of England base rate holding steady and lenders competing fiercely, borrowers are snapping up deals in the low 3% range – yes, you read that right. If you’re hunting for long-term stability without the rollercoaster of variable rates, exploring the best 5 year fixed mortgage rates UK 2026 could be one of the smartest moves you make this year. Let’s break it down in plain English and see what’s really on offer.

Current Landscape for Best 5 Year Fixed Mortgage Rates UK 2026

Picture this: after years of higher rates, the mortgage market in 2026 is feeling refreshed. Lenders have been slashing prices, and the best 5 year fixed mortgage rates UK 2026 now start from as low as 3.69%, according to comparison sites tracking over 100 providers. That’s a far cry from the peaks we saw a couple of years back. Why the drop? Swap rates (what lenders pay to fund fixed deals) have eased, and competition is heating up as millions come off old fixes.

As of early January 2026, the standout best 5 year fixed mortgage rates UK 2026 cluster around 3.70% to 3.90% for those with solid deposits (low loan-to-value, or LTV). These fixes lock your payments until 2031, shielding you from any base rate surprises. After the fixed period? Most revert to the lender’s standard variable rate (SVR), often 6-7%, so remortgaging ahead is key.

Top Deals in the Best 5 Year Fixed Mortgage Rates UK 2026

Here’s a snapshot of some of the leading offers making waves:

• NatWest: Kicking off with a bang at 3.75% for a 5-year fix. Great for purchases or remortgages, especially if you’re borrowing larger amounts. Their tool shows personalized repayments, and approval can be quick.
• HSBC: Close behind at 3.76% for Premier customers on their standard product (with a £999 fee). Fee-saver options hit 3.90% with no upfront cost. HSBC’s been aggressive lately – dive deeper into their specifics in our comprehensive guide on [HSBC 5 year fixed mortgage rates January 2026].
• Barclays: Matching around 3.76%–3.80% for lower LTV borrowers (60-70%). Known for straightforward applications and perks like no valuation fees on some deals.
• Other contenders: Deals dipping to 3.69% via specialist brokers (as flagged by platforms like Tembo), often from building societies or niche lenders. Virgin Money and Lloyds hover in the 4.1%–4.2% range for higher LTVs, while fee-free options push rates slightly higher to 3.91%–3.95%.

These best 5 year fixed mortgage rates UK 2026 shine brightest for 60%–75% LTV (meaning 25%–40% deposits). Higher LTV (smaller deposits) pushes rates up to 4.2%–4.7%, but first-time buyer schemes can help.

Why the Best 5 Year Fixed Mortgage Rates UK 2026 Are So Attractive Right Now

Ever feel like you’re gambling with your biggest monthly expense? A 5-year fix removes that stress. Unlike 2-year deals (currently around 3.8%–4.2%), the best 5 year fixed mortgage rates UK 2026 give you extended breathing room. It’s like committing to a reliable long-term partner instead of a fling – more commitment, but way more security.

Analogy alert: Think of it as bulk-buying your interest rate at today’s low prices before any potential hikes. Forecasts suggest the base rate might dip further in 2026, but locking in now hedges against inflation rebounds or global shocks. Plus, with overpayments allowed (usually 10% per year penalty-free), you can chip away at the capital if bonuses or savings come your way.

Rhetorical question: If rates fall further, won’t you miss out? Possibly, but early repayment charges (ERCs) are the trade-off – typically 1%–5% if you exit early. Most borrowers prioritize predictability, especially families budgeting for the long haul.

Pros and Cons of Securing the Best 5 Year Fixed Mortgage Rates UK 2026

Pros:

• Budget certainty: Payments fixed for five years – ideal amid economic uncertainty.
• Competitive pricing: Sub-3.8% deals beat historical averages.
• Incentives galore: Cashback (£350+), free valuations, or legal fees on remortgages.
• Overpayment flexibility: Reduce interest long-term without full penalties.

Cons:

• Tied in: ERCs if life changes (moving house, etc.).
• Higher than trackers: If base rate plunges, trackers could undercut.
• Revert risk: SVRs post-fix aren’t pretty – plan to switch.

For most, the pros dominate in today’s best 5 year fixed mortgage rates UK 2026 market.

How the Best 5 Year Fixed Mortgage Rates UK 2026 Compare Across Lenders

The market’s a battlefield. High-street giants like NatWest, HSBC, and Barclays dominate headlines with the best 5 year fixed mortgage rates UK 2026, but don’t sleep on building societies (Nationwide, Skipton) or specialists accessed via brokers.

• Low-fee vs. low-rate: Pay £999–£1,999 upfront for the absolute lowest rates, or go fee-free and accept 0.1%–0.2% higher.
• Premier perks: HSBC and others discount for loyal customers.
• Remortgage specials: Free legals and cashback make switching tempting.
• Buy-to-let: Separate rates, often 0.3%–0.5% higher, starting around 3.9%.

Brokers access “exclusive” deals not on comparison sites – worth it for the best 5 year fixed mortgage rates UK 2026 tailored to you.

Factors That Influence Your Access to the Best 5 Year Fixed Mortgage Rates UK 2026

Not everyone’s handed the headline rate. Here’s what matters:

• Deposit/LTV: Bigger deposit = lower rate. 40% equity often unlocks sub-3.8%.
• Credit score: Immaculate history essential; minor blips push you to higher tiers.
• Income and affordability: Stress-tested at 7%–8% rates.
• Property type: Standard houses easiest; flats or new builds may cost more.
• First-time vs. mover: FTB schemes boost options.

Boost your chances: Check credit reports, save aggressively, or become a “Premier” customer.

Spotlight on HSBC in the Best 5 Year Fixed Mortgage Rates UK 2026

HSBC deserves a shoutout for consistently ranking high. Their 3.76% Premier deal is elite for larger loans, with robust online tools. As one of the first to cut in January, they’re fueling the price war. For full breakdowns, including fee-savers and cashback, check our dedicated piece on [HSBC 5 year fixed mortgage rates January 2026].

Is 2026 the Year to Lock in the Best 5 Year Fixed Mortgage Rates UK 2026?

Timing’s everything – or is it? With rates at multi-year lows and more cuts possible, procrastinating risks missing the boat. But if you’re on a tracker or SVR, switching now saves thousands.

Expert tip: Use a whole-of-market broker. They compare thousands, including exclusives.

For live rates, visit Moneyfacts, MoneySavingExpert’s best buys tool, or the Bank of England for base rate context.

How to Apply for the Best 5 Year Fixed Mortgage Rates UK 2026

Simple steps:

1. Get an Agreement in Principle (AIP) – soft credit check, quick.
2. Gather docs: Payslips, bank statements, ID.
3. Apply direct or via broker.
4. Valuation and offers follow.

Remortgaging? Many cover legals.

Always review the Key Facts Illustration for your true cost.

Conclusion: Make Your Move with the Best 5 Year Fixed Mortgage Rates UK 2026

Wrapping up, the best 5 year fixed mortgage rates UK 2026 offer rare value – sub-3.8% deals providing five years of stability in an unpredictable world. Leaders like NatWest, HSBC, and Barclays are delivering, with options for every borrower type. Whether buying, remortgaging, or investing, now’s prime time to secure predictability and potentially save big. Consult a professional, crunch your numbers, and act before rates shift. Your wallet (and peace of mind) will thank you.

FAQs