What mortgage interest rates are people getting recently in the UK?

[Statsquestion1]

Off the back of another thread, what is your mortgage interest rate if you got/renewed a mortgage recently? Fixed or variable? We bought a new home last August and started on a 3.95 variable (we had reason for this) and we fixed last week at 3.1%. Now we are in Ireland and I’m aware most on here are uk based. What are the interest rates like over there right now?

We had secured a rate of 3.67% with Barclays on a 2 year fixed back in January, thankfully before the Middle East issues, and that rate kicked in a few days ago.
Prior to that, we were on 4.75% and prior to that 0.9%!

0.9% wow…I would love that 🤣

We fixed in November at 4.04% prior to that we had been on fixed rate of 2.95% so quite a jump but thankfully we have a tiny mortgage so not a huge jump in our monthly payment.

I know 😭 we were gutted when we jumped from 0.9% to 4.75% but thankfully our mortgage is not huge although it was still a big enough jump on the monthly payment. That was December 2023. But going down from 4.75% to 3.67% feels a bit more palatable.

We bought in 2022 and it was around 1%. 2024 5.4%. 2026 we initially took a 4.8% tracker then we fixed at 4.08% just as Iran kicked off.

3.8 in winter of 2025, was 2.8 before and 1.6 before that (sob)

Yeah I think 3.1 is the lowest they are going here now and that’s the lowest they have been for a while

From a recent BBC article:

The average rate on a two-year fixed deal on 1 April is 5.84%, according to financial information service Moneyfacts. For a five-year deal, the average is 5.75%.

Just added the averages for overall context as people often post rates from before the conflict began, and some posters on other threads post wild speculation about rates rising significantly.

We have a few products on our house for reasons I won’t bored anyone with, but basically the average is 4.2% which was higher than we wanted last year so I very nearly fixed for 2 years in the hope of getting lower soon but in the end opted for 5 years after spending the last 3 years since Truss fretting what our remortgage rate would be. I was regretting that choice up until the Middle East stuff with all the articles on mortgage rates decreasing. I checked what we’d get from our current lender now and it was 4.9% (we’ve recently borrowed more for home improvements so a high LTV).

It’s terrifying how much of an impact one malignant man is having on the world.

I’ve always found those averages really misleading on BBC. We’ve always come on in quite a bit below what they say and we’re not on a remarkable LVT whatsoever. Just checked at I can get 4.1% on 2yr fix and 4.75% on 5yr fix.

We were about to remortgage last month at 3.75% on a two-year fix - that was the deal on Friday, Donald launched his war on Saturday, by Monday it was 4.1%. We did the paperwork asap.

Can I ask where you checked @Didimum? Do you have to put lots of personal details in to be able to check?

Money supermarket have mortgage comparison. You just need your house value, the mortgage requires, the term required and who your current lender is.

I remortgaged this week on a rate of 3.75 but that’s because I locked in before Christmas. My previous rate was 1.6 though so it has increased significantly but not as much as if I had left it until now.

We were offered 5.78% in Jan 26 would have meant an increase for 400/month. We fixed for 5 yrs just before trusonomics and were so grateful we have been protected the madness. I remember the discussion with DH about a 2 yr or 5 yr. So grateful we did 5.

We checked in early March what rate we could move to in May and it was 3.56%. Unfortunately, I did not lock it in. I thought the interest rates would come down more at the mid-March BOE review.

Remortgaged two weeks ago at 4.39% on a 2 yr fixed. 😥

Dicking Trump.