Remortgage Rates UK:
Which Big Lender Wins at Your LTV Band?
08 October 2026
Remortgage rates differ between the major UK lenders by more than most borrowers expect, and the cheapest lender changes from one loan-to-value (LTV) band to the next. This page sets each big lender's fixed remortgage rates side by side in one dated table, two-year and five-year, with and without a product fee, with the rate each deal reverts to. Mortgage One is a whole of market mortgage adviser that compares remortgage deals from these lenders and the wider market for each client.
For a free initial consultation on which lender in the table, or beyond it, prices your balance and LTV band most keenly, call 01202 155992 or contact Mortgage One.
Remortgage rates by lender checked on 8 October 2026
At our 8 October 2026 check, the lowest 2-year remortgage fix among the major lenders was 5.09% from HSBC and Nationwide at up to 60% loan to value (LTV) with a £999 fee, and the lowest 5-year fix was 5.11% from the same two. At 90% LTV NatWest led the 2-year at 5.47% and Nationwide the 5-year at 5.40%.
The tables set out each lender's published price for a borrower moving their mortgage from another lender, read from that lender's own rate page or broker rate guide. The first shows the lowest LTV band with and without a product fee and the rate each deal reverts to. The second shows the same lenders at 75% and 90% LTV.
| Lender | 2-year fix, standard fee | 5-year fix, standard fee | Standard fee | 2-year fix, no fee | 5-year fix, no fee | Reverts to |
|---|---|---|---|---|---|---|
| HSBC | 5.09% | 5.11% | £999 | 5.46% | 5.31% | 6.24% Variable Rate |
| Nationwide | 5.09% | 5.11% | £999 | 5.46% | 5.31% | 6.49% Standard Mortgage Rate |
| Santander | 5.12% | 5.12% | £999 | 5.40% | 5.25% | 6.50% Standard Variable Rate |
| NatWest | 5.19% | 5.13% | £995 | 5.44% | 5.34% | 6.74% Standard Variable Rate |
| Halifax | 5.23% | 5.26% | £999 | 5.69% | 5.47% | 7.24% Homeowner Variable Rate |
| Barclays | 5.24% | 5.32% | £999 | 5.55% (to 75% LTV) | 5.56% (to 75% LTV) | 5.74% follow-on rate |
Each lender's standard fee product for a borrower remortgaging from another lender. Barclays prints no fee-free 2-year or 5-year remortgage fix priced at 60% LTV, so its fee-free Great Escape fixes priced to 75% LTV are shown. Lower rates for larger loans that pay a bigger fee: Halifax 5.07% (2-year) and 5.13% (5-year) with a £1,999 fee on loans from £250,000, Nationwide 0.05 points lower than the table with a £1,499 fee on loans from £300,000, Santander 5.08% and 5.10% with a £1,499 fee on loans from £500,000. NatWest prices its green range for homes rated EPC A or B at 5.14% and 5.08%. Halifax's £999 fee products need a minimum loan of £100,000. HSBC shows 6.24% in every product row while a separate paragraph on the same page quotes 6.49% effective from 29 August 2025. Barclays' follow-on rate is Bank Rate plus 1.99 points.
| Lender | 2-year fix at 75% LTV | 5-year fix at 75% LTV | 2-year fix at 90% LTV | 5-year fix at 90% LTV |
|---|---|---|---|---|
| HSBC | 5.26% | 5.23% | 5.60% | 5.41% |
| Nationwide | 5.26% | 5.23% | 5.49% | 5.40% |
| Santander | 5.24% | 5.24% | 5.50% | 5.47% |
| NatWest | 5.37% | 5.25% | 5.47% | 5.50% |
| Halifax | 5.31% | 5.35% | 5.53% | 5.54% |
| Barclays | 5.54% (to 80% LTV) | 5.42% | Not offered | Not offered |
Barclays' rate sheet carries no 2-year remortgage fix priced at 75% LTV, so its 2-year fix priced to 80% LTV is shown, and its remortgage range stops at 85% LTV. HSBC prices its 70% and 75% bands identically, and its 80% and 85% bands identically. Sources, read 8 October 2026: HSBC remortgage rates page (no effective date printed), Nationwide for Intermediaries product guide with effect from 30 September 2026, Santander mortgage product comparison calculator (rates correct as at 6 October 2026), NatWest product data on natwest.com (product start date 3 October 2026), Halifax Intermediaries rate guide (details correct as at 8 October 2026) and the Barclays intermediary rate sheet (rates effective 2 October 2026). Variable and follow-on rates from each lender's own site. Lenders change rates without notice.
Like for like matters. Lenders split their ranges by fee, by loan size and by LTV, so the table compares each lender's standard fee product at the same band rather than the single cheapest headline on its website. Several lenders price a little lower again for larger loans that pay a bigger fee, and some keep a separate range for energy-efficient homes or premier customers. The notes under each table name those ranges so nothing is hidden.
The reverts to column is the rate the loan moves onto when the fixed period ends, if nothing else is arranged. At our 8 October 2026 check those rates ran from 5.74% at Barclays to 7.24% at Halifax. On a £250,000 repayment mortgage over 25 years, 7.24% costs about £331 a month more than a 5.09% fix, which is the price of doing nothing.
Which big lender has the lowest remortgage rate at your LTV?
No single lender is cheapest at every band. At our 8 October 2026 check HSBC and Nationwide shared the lowest fixes at up to 60% LTV, Santander led the 2-year at 75% at 5.24%, and NatWest led the 2-year at 90% at 5.47%. The gap between the lowest and highest 2-year fix at 60% was 0.15 points.
That is why a broker reads the whole grid rather than one rate. A borrower close to the edge of a band can gain more from a fresh valuation that moves the loan into a lower band than from switching lender within the same band. A borrower who needs a high LTV may find one lender has no remortgage product at that level at all, as Barclays has none above 85%.
Lenders also reprice at different speeds. A bank that moved first on a rise can look expensive for a week and then sit mid-table once the others follow. The checked date on the table is part of the comparison, and the table is refreshed when a lender in it reprices.
Comparing remortgage deals on total cost, not headline rate
The cheapest remortgage is the one with the lowest total cost over the fixed period, fees and incentives included. At our 8 October 2026 check HSBC's £999 fee 2-year fix at 60% LTV beat its fee-free version only once the loan passed about £190,000, so on a smaller balance the higher fee-free rate cost less.
Add the product fee to the interest you will pay over the fixed term, then subtract any cashback and the value of free legal work or a free valuation. Do the same for the alternative and compare the two totals. Adding the fee to the loan rather than paying it up front means paying interest on it for the full mortgage term, which raises the true cost of the cheaper rate. Our remortgage calculator runs the break-even month between any two deals, including the costs of moving.
If your fixed rate ends within the next six months and you want the deals in this table costed on your own balance, call 01202 155992 or contact Mortgage One.
The lender remortgage pages behind this comparison
Every row in the table comes from a lender page on this site that carries that lender's full remortgage grid by band, its existing customer switch route and the cost of letting a deal lapse. Each lender page is checked against its own source and dated, and this table takes its figures from the same reads.
Our page on Halifax remortgage rates covers the intermediary range, the larger-fee tier for bigger loans and the Homeowner Variable Rate. The NatWest remortgage rates page covers its core range, the lower green rates for energy-efficient homes and the free legal package.
For Nationwide remortgage rates, the page weighs the new borrower range against the member switch and the choice of free legals or cashback. The HSBC remortgage rates page sets the public switch range for existing customers beside the remortgage table.
Our page on Santander remortgage rates covers its four fee tiers and the legal fees that are repaid if the mortgage is cleared early. The Barclays remortgage rates page covers its fee-free Great Escape range and the Reward switch for existing customers.
Should you remortgage or take your lender's product transfer?
Compare both before choosing. A product transfer with your current lender usually needs no valuation, legal work or fresh affordability check on a like-for-like switch, and it is often priced below that lender's own remortgage table. A remortgage to another lender wins when that lender prices your band lower or you need to borrow more.
The rates in this table are the prices a lender offers a borrower moving in. They are the market yardstick for any retention offer your own lender makes, because a switch offer well above them suggests the market is pricing your band more keenly.
Our product transfer guide explains when a like-for-like switch beats a full application, and our remortgaging guide covers raising money, consolidating debt and the full costs of moving lender.
When to compare remortgage rates before your deal ends
Start the comparison several months before the fixed period ends. Most lenders let a borrower secure a new remortgage offer well ahead of completion, and a product transfer window opens months before the end date, so starting early leaves time to compare both routes and still complete on the day the old deal expires.
Securing an offer early is protection, not commitment. If rates fall before completion, a better deal can usually replace it, and if they rise the offer already secured holds its rate for the life of the offer. That makes an early comparison close to a free option.
Fixed rates follow swap rates rather than waiting for Bank Rate decisions. Bank Rate stands at 3.75% and the next decision is due on 5 November 2026. Our UK interest rate projection tracks where markets expect Bank Rate to go, and our page on current UK mortgage rates sets out the two-year against five-year choice.
Figures as of 8 October 2026, London.
Who should look past the high street for a remortgage?
Expats, seafarers, landlords and self-employed borrowers should test lenders beyond this table. The high street banks assess foreign currency income, contract earnings, rental cover and company accounts differently from one another, and some decline cases a specialist lender places routinely, so the rates above are a benchmark rather than the whole market.
British borrowers living abroad face a narrower set of lenders, and several reduce foreign income or cap the LTV. Our expat mortgage hub explains how those remortgages are placed. Merchant navy, cruise and offshore crew earn on contract cycles that lenders read in different ways, and our seafarer mortgage hub sets out which evidence each lender expects.
Landlords remortgaging a rental are assessed on rent through an interest cover ratio rather than on salary, and self-employed borrowers and company directors on accounts or tax calculations. In each case the lender that suits the income type often matters more than a small gap in rate.
To have your current deal, your lender's switch offer and the wider market costed side by side before you accept anything, call 01202 155992 or contact Mortgage One.
Back to Rate Forecast and Economic Drivers
The information provided in this article is for general guidance only and does not constitute personal or regulated financial advice. If you'd like to understand what these moves could mean for you, speak to Mortgage One. We can explain your options and timings based on your specific circumstances.
FAQs
1. What are current remortgage rates in the UK?
On 8 October 2026 the lowest 2-year remortgage fixes from the major lenders in our table ran from 5.09% (HSBC and Nationwide) to 5.24% (Barclays) at up to 60% LTV with a standard product fee, and 5-year fixes from 5.11% to 5.32%. Rates rise with LTV, to between 5.40% and 5.60% at 90% LTV among the lenders that lend there.
2. Which lender has the lowest remortgage rate?
It depends on the band. On 8 October 2026 HSBC and Nationwide shared the lowest 2-year and 5-year fixes at up to 60% LTV, Santander led the 2-year at 75% and NatWest led the 2-year at 90%. A lender's position can change within days of a repricing, so check the date on any comparison.
3. Is a 2-year or 5-year remortgage fix cheaper?
Very little separates them. At up to 60% LTV on 8 October 2026 the 5-year fix was cheaper than the 2-year at NatWest, level at Santander and slightly dearer at HSBC, Nationwide, Halifax and Barclays. At 90% LTV the 5-year was cheaper at HSBC, Nationwide and Santander. The choice usually turns on how long you want the payment fixed.
4. Can you remortgage with the same lender?
Yes. Staying with your lender is called a product transfer or rate switch, and it usually needs no valuation, legal work or fresh affordability check on a like-for-like switch. The remortgage rates in this table are for borrowers moving in, and they are the yardstick for judging any switch offer your own lender makes.
5. How much does it cost to remortgage?
The main cost is the product fee, £995 or £999 on the standard products in this table, unless you choose a fee-free deal at a higher rate. Legal work and a valuation are often free on a remortgage, and each lender page linked here sets out its package. An early repayment charge applies if you leave a fixed deal early.
6. What happens if I do nothing when my deal ends?
The loan moves onto the lender's variable or follow-on rate. On 8 October 2026 those ran from 5.74% at Barclays to 7.24% at Halifax. On a £250,000 repayment mortgage over 25 years, 7.24% costs about £331 a month more than a 5.09% fix.
7. How long does a remortgage take?
A remortgage to a new lender involves underwriting, a valuation and legal work, so allow several weeks from application to completion. A product transfer with your current lender is usually much quicker because none of that work is needed. Starting months before your deal ends leaves time for either route.
8. Do I need a broker to compare remortgage rates?
No, but a table of lender rates shows prices, not whether you qualify. A broker checks each lender's criteria against your income, property and LTV, prices the deals you can actually take on total cost and compares them with your lender's switch offer. Mortgage One runs that comparison across the whole of market.