Compare Today's Best Mortgage Rates

UK mortgage interest rates change due to a range of external factors, such as the Bank of England (BoE) base rate, swap rates, and lenders' appetite for risk.

Read on to find out more about how rates work, and use our mortgage rates tool below to check out the latest live lender rates.

Today’s best mortgage rates

To find out the best mortgage rates and remortgage rates for your circumstances, use our live rates tool below to compare deals from more than 90 lenders in real time:

How to use our mortgage rates tool

Our mortgage sourcing tool is free to use and lets you browse rates from across the entire market and choose the deal you want in real time. Here’s how to use it in three easy steps.

1. Simply make your selections from the form based on the type of mortgage you require and how much you need to borrow

2. The advanced filter options let you dig down into the rates that are most useful to you, for example, if you’re a first-time buyer, or want a tracker rate, rather than a fixed-rate deal

3. From the search result, click on the ‘enquire now’ button to speak to one of our experienced brokers about the suitability of this deal for your needs

The deals you see above come directly from the individual lenders and are updated daily. When you choose a mortgage on our service, one of our mortgage advisers will help you with the next steps in the process and guide you all the way to full application.

How do mortgage rates work?

Mortgage rates determine the amount of interest you’ll pay on your mortgage loan. The higher the interest rates, the more you’ll repay both on your monthly repayments and overall.

How rates are applied to your mortgage will depend on the type of mortgage you use...

1. Fixed-rate mortgages 

Interest rates on this type of mortgage are fixed for the duration of the mortgage deal term, which you choose when you take out a mortgage. This is often between two and ten years but can be longer or shorter in certain circumstances

2. Variable-rate mortgages

These include standard variable-rate deals, discount mortgages, and tracker mortgages. As the name suggests, they can vary at any time, and come in the following variations...

• Standard variable rate (SVR): not strictly a ‘deal’ this is a lender’s default rate and what you typically fall onto when your deal ends. Lenders set this rate independently, and while they can change it at any time, usually based on market fluctuations

• Discount mortgages: Usually, these deals are set at a percentage discount on the SVR, so they change when lenders make changes to that

• Tracker mortgages: Tracker deals tend to follow a specific external financial indicator, such as the BoE base rate or Sterling Overnight Index Average (SONIA). This means they change automatically based on decisions made by the Bank of England’s Monetary Policy Committee (MPC), not the lender

Factors that affect your mortgage rate

Mortgage rates fluctuate based on various factors, depending on the type of product they are, as explained above. However, the rates available to you won’t always be those published by lenders.

One of the reasons it’s helpful to use a broker, like ourselves, rather than approaching lenders directly is that we can review your circumstances and look at the rates specifically available to you, rather than generic rates published by lenders. This can save the disappointment of applying for a specific rate, only to find that you don’t qualify for it.

Here are some of the things that will determine the mortgage rate available to you:

• LTV (Loan-to-value) ratio: This is the amount you need to borrow as a percentage of the total property value, so the property value minus your deposit or equity.

• Credit history: Different lenders have widely varying criteria when it comes to credit history. Some lenders avoid borrowers with credit issues entirely, while others will select certain types of bad credit, but adjust the rates available to offset their risk.

• Product type: Investment products, such as buy-to-let or commercial finance, are more expensive than residential property mortgages overall; however, there can also be variance in the rates applied to certain deals based on the benefits available. For example, often fixed-rate deals are slightly higher than their variable counterpart, as you’re paying for certainty, no matter what happens in the market.

• Property type: Lenders tend to prefer standard brick-and-mortar properties, so if you’re trying to buy a slightly unusual or non-standard construction property, you’ll typically find rates will be higher to balance the perceived increase in risk.

How a broker can help you get the best deal

You can check out live mortgage interest rates today using our tool above, but keep in mind that the tool only asks for enough information to source deals for an average customer.

If you’re looking for more certainty, speak to an experienced whole-of-market broker, like us. We can review your personal circumstances against your chosen deal to ensure that you’ll qualify and that you haven’t overlooked any other deals that may be more beneficial to you.

If you’re interested in a specific deal, simply choose the ‘enquire now’ button on your chosen deal in the results table of the mortgage rates tool. One of our brokers will check your eligibility for this mortgage and see if there is a better deal available to you.

To speak to us more generally, reach out to our team today for a full consultation below:

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How the Bank of England’s base rate affects mortgage rates

The Bank of England (BoE) base rate is the most important interest rate in the UK. It is the rate the BoE charges other banks and lenders to borrow money, which directly influences the mortgage rates those banks then pass on to you.

The Latest Decision (July 2026) On 30 July 2026, the BoE’s Monetary Policy Committee announced its decision to hold the base rate at 3.75%. This hold comes as UK inflation sits at roughly 2.6% - slightly above the Bank’s 2% target, but stable. The next base rate decision is scheduled for 17 September 2026.

Here is how this current 3.75% base rate impacts your mortgage depending on the type of deal you have:

• Tracker Mortgages: Tracker rates are directly linked to the BoE base rate (usually the base rate plus a set percentage). Because the BoE opted to hold the rate at 3.75% rather than change it, your monthly repayments will remain exactly the same for now. If the Bank decides to cut the rate later in 2026, your monthly payments will automatically decrease.

• Standard Variable Rates (SVR) and Discount Mortgages: These rates are set by individual lenders but are strongly influenced by the BoE. With the base rate holding steady, most lenders will likely keep their SVRs unchanged, meaning your payments shouldn't fluctuate right now. However, SVRs are almost always the most expensive rates on the market, so you should look to switch if you are currently on one.

• Fixed-Rate Mortgages: If you are currently locked into a fixed-rate deal, the latest base rate decision has no immediate impact on you - your rate is guaranteed until your fixed term ends. However, the wider BoE base rate heavily influences how lenders price their new fixed-rate products. With the rate stabilising at 3.75%, lenders are pricing their new 2-year and 5-year fixes accordingly. If your current fixed deal expires within the next six months, it is a good time to start comparing rates to secure your next deal.

Will UK mortgage rates rise or fall in the rest of 2026?

Predicting the exact path of mortgage rates is always challenging, but as of August 2026, the outlook is one of cautious stability.

On 30 July 2026, the Bank of England (BoE) opted to hold the base rate at 3.75% for the fifth consecutive meeting. While UK inflation recently fell to 2.6%, the BoE remains cautious about potential inflationary pressures later in the year, particularly from rising energy costs and wage growth. Consequently, the consensus among economists is that the base rate is likely to remain stable around this level for the remainder of 2026.

Here is what this means for the mortgage market in the coming months:

Fixed rates may fluctuate slightly

Even though the BoE held the base rate steady, you may still see fixed mortgage rates edge up or down. This is because fixed rates are priced using "swap rates" (the cost for lenders to borrow money over a set period), which reflect future market expectations rather than just today's base rate. In early August 2026, swap rates slightly increased due to longer-term inflation concerns, prompting some lenders to nudge their fixed-rate deals marginally higher. However, fierce competition between lenders is keeping many shorter-term deals competitively priced.

The "new normal" for interest rates

If you are holding out hope that mortgage rates will return to the rock-bottom 1% or 2% levels seen in the 2010s, you will likely be disappointed. Current market pricing and BoE surveys suggest that interest rates are settling into a "new normal." Forecasters largely predict that the base rate will hover between 3.25% and 4.2% over the next few years.

What borrowers are doing now

Because the long-term outlook remains slightly uncertain, many borrowers are currently opting for 2-year fixed-rate mortgages. By fixing for a shorter period, homeowners can protect themselves against sudden rate spikes while retaining the flexibility to remortgage sooner if rates do gradually soften throughout 2027.

Why choose Money Helpdesk to source your mortgage rate?

At Money Helpdesk, we offer complete transparency by showing you live rates for your personal comparison. However, if you want to be certain that you’re choosing the right deal for you, we can also offer:

• You can choose your own mortgage deal from over 90 lenders

• Tailored advice from a broker with experience in the specific mortgage you’re applying for

• Our brokers can often access exclusive deals you won’t find elsewhere

• A 5-star rated service according to Google and TrustPilot reviews

Ready to begin your mortgage journey? You can compare the latest rates yourself on Money Helpdesk or take advantage of a free, no-obligation chat with one of our whole-of-market brokers, if you'd prefer to speak to an expert - get started here.