Current Best Remortgage Deals (UK)
1. Sub-4% Fixed-Rate Deals
Some of the sharpest remortgage offers — particularly for homeowners with substantial equity (lower loan-to-value) — are now below 4%, reflecting increased competition among lenders:
• HSBC / First Direct
- 5-year fixed rate ~3.79–3.99% (often with a product fee) — standout deals available direct or via brokers.
- HSBC’s recent rate reduction signals growing lender competition. (The Guardian)
• Nationwide Building Society
- 5-year fixed rate ~3.99% for existing or new remortgage customers (60% LTV) with typical fees around £999-£1,499.
- Nationwide cut many of its remortgage deals recently to make them more competitive. (Mortgage Professional)
• Santander
- Historically among the most competitive, with some 2-year fixes from ~3.84% and 5-year fixes from ~3.87%–3.90% (depending on fees and LTV). (theintermediary.co.uk)
• Barclays
- Two-year remortgage fixes now as low as ~3.71% for borrowers with good equity (LTV ~60%) — a competitive product in the current market. (Forbes)
Example from broker commentary: Barclays trimmed a two-year fixed remortgage from 3.81% to around 3.71% (60% LTV), marking one of the most competitive short-term remortgage rates available. (Forbes)
What These Deals Mean in Practice
Why Rates Have Come Down
- Mortgage competition: Major lenders are cutting remortgage pricing to attract borrowers as interest rates are expected to fall further, following Bank of England base rate cuts. (The Guardian)
- Rate war dynamics: HSBC’s early 2026 cut triggered responses from other banks, making sub-4% fixed remortgages more common (especially for borrowers with good equity). (The Guardian)
What You Can Typically Expect
Depending on your loan-to-value (LTV) ratio (i.e., how much equity you have built up), current remortgage deals generally fall into these bands:
| Deal Type | Typical Rate (Example) | Notes |
|---|---|---|
| 5-year fixed (60% LTV) | ~3.79%–3.99% | Competitive medium-term security. (Mortgage Professional) |
| 2-year fixed (60–75% LTV) | ~3.7%–4.2% | Lower rate but shorter term. (Forbes) |
| Higher LTV (75–90%) | ~4.0%–4.5%+ | Rates rise with higher LTV/equity risk. (Forbes) |
Remember: low advertised rates usually require strong credit and good equity (e.g., ≥40% down/60% LTV). More leveraged borrowers (higher LTV) typically pay higher rates.
Expert & Market Commentary
Rates Responding to Base Rate Cuts
Analysts note that mortgage lenders are beginning to price in expected Bank of England rate cuts, meaning remortgage offers are trending lower — a significant shift from the higher 2023-25 rate environment. (The Guardian)
Borrower Impact
- Homeowners whose fixed rates are ending soon should start shopping early (typically 6–8 weeks before expiry) to avoid rolling onto much higher standard variable rates. (Which?)
- Remortgaging now can lock in significantly lower repayments, especially where deals under 4% are accessible.
Broker & Comparison Tools Matter
Using specialist mortgage brokers and comparison platforms (e.g., Uswitch, Moneyfacts, Better.co.uk) can often reveal lower or exclusive remortgage rates not easily found via direct lender websites. (Uswitch)
Practical Steps Before You Remortgage
- Review your equity/LTV
Lower LTV generally unlocks the best remortgage rates. - Check product fees
Deals around 3.7–4.0% often include fees (£999-£1,499). Compare the all-in cost not just the headline rate. - Timing is key
Start comparing 8–10 weeks before your existing rate expires to avoid defaulting to higher standard variable rates. (Which?) - Consider term length carefully
- 2-year fixes: Flexible if you expect rates to fall further.
- 5-year fixes: More payment security in uncertain markets.
Summary: Best UK Remortgage Deals (Jan 2026)
Sub-4% deals are available — especially with HSBC, Nationwide, Santander, and Barclays for those with good equity. (The Guardian)
5-year fixed rates ~3.8–3.9% are among the most attractive right now, offering stability. (The Guardian)
2-year fixes ~3.7–4.2% may suit borrowers expecting further rate cuts. (Forbes)
Shop early and compare fees as well as rates to maximise savings. (Which?)
Here’s a detailed, case-study-style overview of the best remortgage deals available in the UK right now (early 2026) — including real examples, borrower experiences and expert commentary so you can understand not just the rates, but what they mean and how people are actually using them in practice.
UK Remortgage Deals: What’s on Offer (Jan 2026)
According to the latest market data, the best fixed-rate remortgage deals available depend on your loan-to-value (LTV) — i.e., how much equity you have in your home. These sample figures are based on typical deals available in early January 2026 for a £350,000 home with a 25-year term: (Money To The Masses)
Best 2-Year Fixed Deals
| LTV | Lender | Rate | Fee |
|---|---|---|---|
| 60% | NatWest | 3.66% | £1,525 |
| 60% | HSBC | 3.68% | £999 |
| 60% | Santander | 3.69% | £1,224 |
| 60% | Nationwide | 3.70% | £999 |
| Source: MoneyToTheMasses survey of remortgage deals (Money To The Masses) |
Best 5-Year Fixed Deals
| LTV | Lender | Rate | Fee |
|---|---|---|---|
| 60% | Santander | 3.76% | £1,224 |
| 60% | HSBC | 3.77% | £999 |
| 60% | NatWest | 3.78% | £1,025 |
| 60% | Nationwide | 3.79% | £999 |
| Source: MoneyToTheMasses data, correct as of early January 2026 (Money To The Masses) |
Longer Fix (10-Year)
At lower LTV (60%), longer deals like a 10-year fix typically start around 4.39%–4.79% with associated fees. (Money To The Masses)
These numbers show sub-4% fixed rates available for many borrowers with strong equity, especially on 2- and 5-year products — a notable improvement versus the higher rates seen in recent years. (Money To The Masses)
Case Study Examples: Real Borrower Experiences
Case 1: Locking in Mid-Market Fixed Rate
A borrower on Reddit described locking in a 5-year fixed rate around 4.06% at roughly 84% LTV with no product fees, negotiated through a broker. This real-world example shows that deals in the low-4% range are achievable with good credit and brokerage support, even if headline rates appear slightly higher on standard tables. (Reddit)
Comment from the borrower:
“…I could lock in the rate and if it went down before the start date, I could update it. If it went up, I was covered.” (Reddit)
This illustrates the value of rate viewing/locking options, where borrowers can secure a deal in advance and still benefit if market pricing improves.
Case 2: Running the Numbers on Savings vs Effort
Another UK personal finance poster debated whether to switch deals or simply stay with their existing lender’s offer (about 3.81–4.0%) — pointing out that valuation, broker costs and administrative stress might offset marginal rate improvements. (Reddit)
Community takeaway:
“Even if you save a fraction on rate, sometimes staying put with a straightforward switch — with no valuation or broker fees — can be more cost-effective.” (Reddit)
This highlights a practical aspect of remortgaging: total cost and hassle matter as much as headline rate.
Expert Commentary on Market Trends
Base Rates & Lender Competition
HSBC became the first major UK lender to cut mortgage rates in early 2026, following a Bank of England base rate cut — pushing expectations of more competitive remortgage pricing from rivals. (The Guardian)
Market watchers suggest this could eventually lead to even lower fixed rates (potentially sub-3.5%) if lenders compete aggressively — though some of this is speculative and depends on future monetary policy.
Why Rates Are Falling
- Interest rate cuts by the Bank of England have encouraged lenders to reduce pricing. (The Guardian)
- A surge in remortgaging activity (as many fixed terms expire) has intensified competition. (Moneyfactscompare)
Mortgage analysts recommend homeowners start comparing deals 8–10 weeks before their current term ends to avoid rolling on to expensive standard variable rates and ensure they capture the best available deal.
Key Takeaways Before You Remortgage
When the Best Deals Arrive
- Early 2026 shows improved pricing, with several lenders offering competitive sub-4% fixed deals, especially at 60% LTV. (Money To The Masses)
Rate vs Fee: Total Cost Counts
A slightly higher interest rate with a low or no fee can sometimes be cheaper overall than a lower rate with a high product fee — so always compare fee-inclusive APRCs and total repayment cost.
Brokers Can Help
Many home-owners on community forums report securing better rates through mortgage brokers or by locking deals early, underscoring the benefit of a tailored search. (Reddit)
Summary: Best Remortgage Deals & Market Feedback
Sub-4% fixed remortgage deals are available to many homeowners with strong equity, especially on 2- and 5-year terms. (Money To The Masses)
Real-world borrowers are securing deals in the low-to-mid-4% range through brokers and rate-locking strategies. (Reddit)
Fees, timing and total cost often determine the best value for individual circumstances. (Reddit)
Market competition is increasing following base rate cuts, potentially pushing remortgage pricing even lower later in 2026. (The Guardian)