Mortgage Rates in the UK

Top 5-Year Mortgage Rates in the UK – Compare & Save Today

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As of June 2024, the best 5-year fixed mortgage rates in the UK vary depending on your loan-to-value (LTV) ratio, deposit size, and whether you’re looking for a residential or buy-to-let mortgage. Here are some of the top rates available:

Best 5-Year Fixed Mortgage Rates (Residential)

  1. 3.89% – HSBC (60% LTV, £999 fee)
  2. 4.09% – NatWest (75% LTV, £995 fee)
  3. 4.14% – Barclays (75% LTV, £899 fee)
  4. 4.19% – Santander (60% LTV, £999 fee)
  5. 4.24% – Halifax (85% LTV, £999 fee)

Best 5-Year Fixed (No Fee Options)

  • 4.39% – First Direct (60% LTV, no fee)
  • 4.49% – Coventry BS (75% LTV, no fee)

Buy-to-Let (BTL) 5-Year Fixed Rates

  • 4.49% – The Mortgage Works (60% LTV, 5.5% fee)
  • 4.89% – Paragon Bank (75% LTV, 1.5% fee)

Things to Consider:

  • Fees vs. Rates – A lower rate with a higher fee may not always be cheaper overall.
  • Early Repayment Charges (ERCs) – Most 5-year fixes have penalties if you exit early.
  • Affordability Checks – Lenders assess income, credit score, and outgoings.

How to Get the Best Deal

  • Compare mortgages on sites like MoneySuperMarket, Uswitch, or MoneySavingExpert.
  • Use a mortgage broker (e.g., L&C, Habito) for access to exclusive deals.
  • Check eligibility before applying to avoid credit score dings.

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