Looking ahead, the Bank of England has said inflation could pick up again. If that happens, interest rates may rise further, with forecasts suggesting two to three increases this year.
If your current deal is ending soon, it could be worth reviewing your options now rather than waiting. Acting early may give you more choice and certainty.
Rates currently start from around 4.4%. While still low by historical standards, they could rise later in the year.
There are also more flexible options available now, especially for first-time buyers.
Example fixed rates (60% loan to value)
- 2-year fixed – 4.56% | £999 fee
- 3-year fixed – 4.60% | £999 fee
- 5-year fixed – 4.59% | £999 fee
- Buy-to-let 2-year fixed – 4.56% | £1,749 fee
Loan to value (LTV) refers to the size of your mortgage compared to your property’s value. Rates shown are for residential repayment mortgages unless stated otherwise.
Residential repayment fixed rates
60% Loan to value (LTV)
- 2-year offset fixed – 5.19% to 30.11.28 – £999 fee – early repayment charge (ERC) applies
- 5-year offset fixed – 5.25% to 30.11.31 – £999 fee – early repayment charge (ERC) applies
- 2-year fixed – 4.56% to 02.09.28 – £999 fee – early repayment charge (ERC) applies
- 5-year fixed – 4.59% to 31.07.31 – £999 fee – early repayment charge (ERC) applies
75% Loan to value (LTV)
- 2-year fixed – 4.59% to 31.12.28 – £999 fee – early repayment charge (ERC) applies
- 5-year fixed – 4.89% to 31.07.31 – £999 fee – early repayment charge (ERC) applies
Residential repayment tracker and discounted rates
60% Loan to value (LTV)
- 2-year tracker – 0.21 + BEBR = 3.96% – £1,499 fee – no early repayment charge (ERC)
75% Loan to value (LTV)
- 2-year tracker – 0.38% + BEBR = 4.13% – £1,499 fee – no early repayment charge (ERC)
Rates as at 3 June 2026.
What this means for you
Every situation is different. The right option will depend on your plans, your priorities, and how much certainty you want over your payments.
If you’d like to talk through your options or sense-check your current deal, we’re here to help.
Important information
This content is for general information only and does not represent personal advice. Your home may be repossessed if you don’t keep up mortgage repayments.
