The best fixed rate mortgages

If you want to fix your mortgage repayments, here are the top deals now

The best fixed rate mortgages

Fixed rate mortgages are very popular, and it's easy to understand why. They provide you with certainty – you know that for the length of your fixed rate period, your repayments will remain exactly the same each month, no matter what the Bank of England does with the Base Rate.

However, knowing that you want to fix your mortgage rate is only half the decision. You need to work out how long you want to fix for too.

Two-year fixed rate mortgages are the cheapest, but you only have certainty about your mortgage payments for a short period of time. If you want the added security of a five-year fixed rate, you'll pay a premium in the form of a higher interest rate. Long-term fixed rates also come with much higher Early Repayment Charges, so you might need to take that into account too.

If you only have a deposit of 5%, take a look at The best Help to Buy mortgages.

Top two-year fixed rate mortgages

First, let's look at the two-year fixed rate mortgages with the lowest rates around. Be warned, nabbing a tiny interest rate usually means you'll have a stump up a hefty product fee.
LenderLTVInterest rateMortgage fee
Chelsea Building Society65%1.44%£1,675
Tesco Bank75%1.79%£1,495
Hinckley & Rugby Building Society80%2.19%£999
Post Office90%2.95%£995

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As you can see, there are some mammoth fees there. But what if you don't want to stump up a significant product fee? These are the best mortgages with fees under £500.
LenderLTVInterest rateMortgage fee
Chelsea Building Society65%1.69%£475
Barnsley Building Society75%1.99%£475
Leeds Building Society80%2.44%£199
Post Office90%3.29%£0

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Three-year fixed rate mortgages

If you want certainty about your mortgage repayments for a little bit longer, a three-year fixed rate mortgage may be a better option. First, let's take a look at the deals with the smallest interest rates.
LenderLTVInterest rateMortgage fee
Principality Building Society65%2.20%£1,494
Norwich & Peterborough Building Society75%2.29%£1,295
Accord Mortgages80%2.69%£1,975
Norwich & Peterborough Building Society90%3.49%£1,295

And now let's take a look at the best deals with a fee of under £500.
LenderLTVInterest rateMortgage fee
Norwich & Peterborough Building Society65%2.44%£195
Accord Mortgages75%2.64%£345
Principality Building Society80%2.9%£99
Britannia Building Society90%4.09%£0

Five-year fixed rate mortgages

If you want to go for a longer-term fixed rate deal, then you may prefer a five-year fixed rate deal. While you enjoy that security for longer, you do pay a premium in terms of a higher rate. You also have significant Early Repayment Charges to consider should you wish to leave the deal early.
LenderLTVInterest rateMortgage fee
Leeds Building Society60%2.59%£1,999
Leeds Building Society80%2.99%£800
Post Office90%4.09%£995

And now let's take a look at the best deals with a fee of under £500.
LenderLTVInterest rateMortgage fee
Post Office60%2.79%£0
Leeds Building Society75%3.04%£199
Leeds Building Society80%3.29%£199

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