3 Year Fixed Mortgage Rates - Updated November 2026
- best 3yr fix (Halifax)
- 4.85%best 3yr fix (Halifax)
- best 2yr fix, for comparison
- 4.78%best 2yr fix, for comparison
- best 5yr fix, for comparison
- 4.78%best 5yr fix, for comparison
- BoE Bank Rate (next decision Thu 5 Nov 2026)
- 3.75%BoE Bank Rate (next decision Thu 5 Nov 2026)
As of 3 Nov 2026, the best 3-year fixed mortgage rate is 4.85% (Halifax). That is a little above the best 2-year and 5-year fixes, which are both 4.78% this month. A 3-year fix sits between the two: more certainty than a 2-year deal, a shorter tie-in than a 5-year one, and fewer lenders competing on price.
3 Year Fixed Mortgage Rates - November 2026
Swipe the table sideways to see every column.
| Fix term | Best rate (lender) | Market average |
|---|---|---|
| 2-year fix | 4.78% (Halifax, £1,099, 60%) | 5.97% |
| 3-year fix | 4.85% (Halifax) | - |
| 5-year fix | 4.78% (Halifax, £1,099) | 6.00% |
| 5-year fix, low fee | 4.85% (Halifax, £100 fee) | - |
| 10-year fix | 5.29% (Santander) | - |
When a 3-year fixed mortgage makes sense
Plans in 3 years
A 3-year fix suits you if you expect a change around then: a move, a lump sum from a bonus or inheritance, or the end of a fixed income period. The early repayment charges end sooner than on a 5-year deal.
Rate cost
This month a 3-year fix costs 4.85%, slightly above the 4.78% best 2-year and 5-year rates. You pay a small premium for a mid-length term because fewer lenders price 3-year products aggressively.
Lender choice
Fewer lenders offer 3-year fixes than 2 or 5-year ones, and some only at selected LTVs. A broker search matters more here because the best deal is easier to miss.
LTV
The best 3-year rates need a 40% deposit or equity. Each step up in LTV band moves the rate up.
Fees
Arrangement fees of around £1,000 are common on the lowest rates. Over 36 payments the fee matters less than on a 2-year deal but more than on a 5-year one.
3-year fix vs 2 or 5-year fix: worked example
- 3-year fix at 4.85%
- £1,439.71 a month
- 2-year or 5-year fix at 4.78%
- £1,429.61 a month
- Premium for a 3-year term
- about £364
£250,000 repayment mortgage over 25 years.
The 3-year fix costs £10.10 a month more, about £364 over its 36 months.
Worth paying only if the 3-year end date genuinely fits your plans. If it does not, the 5-year fix gives longer certainty at the lower rate. Rates as at 3 November 2026, before fees.
Deals last 13 days on average - lock in today, review before completion
The figures above are indicative and describe the best case. Send your own scenario and we will come back the same working day with terms from the lenders that actually fit it.
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Enough detail to price it is the amount, the security, the purpose and how you plan to repay. The rest we can fill in on a call.
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Rate context and outlook
Bank Rate is 3.75% (next decision Thu 5 Nov 2026). Most economists expect a rise to 4.00%: 54 of 63 in a Reuters poll on 15 October. Fixed rates are priced from swap rates rather than Bank Rate, so much of the expected move is already in fixed pricing: the best 2-year and 5-year fixes are now level at 4.78%, and the Moneyfacts averages are 5.97% (2-year) and 6.00% (5-year).
The average deal stays on sale for only 13 days (Moneyfacts), so a quoted rate can disappear quickly. If your deal ends in the next six months, securing a rate now and reviewing it before completion is the lower-risk approach. Trackers (best 2-year 3.99%) move with every Bank Rate change.
Reviewed by David Doulton, Director, Doulton Bridging Finance, over 20 years in property finance. Last reviewed 3 November 2026. Doulton Money Ltd t/a Doulton Bridging Finance, FCA No. 814533.
Frequently asked questions
What is the best 3-year fixed mortgage rate in November 2026?
4.85% with Halifax, as at 3 Nov 2026. Your rate depends on LTV, income, credit and the fee you choose.
Is a 3-year fix cheaper than a 2-year fix?
Not this month. The best 3-year rate (4.85%) is slightly above the best 2-year rate (4.78%).
Is a 3-year fix better than a 5-year fix?
Only if you need to be free of early repayment charges sooner. The best 5-year fix is 4.78%, below the 3-year rate, so on price alone the 5-year deal wins.
Why do fewer lenders offer 3-year fixes?
Most borrower demand is for 2 and 5-year terms, so lenders concentrate their sharpest pricing there. 3-year products exist but are refreshed less often.
Will 3-year fixed rates rise after the Bank of England decision?
Bank Rate is 3.75% (next decision Thu 5 Nov 2026). Most economists expect a rise to 4.00%: 54 of 63 in a Reuters poll on 15 October. Fixed rates follow swap rates, which already price much of the expected move.
Can I remortgage onto a 3-year fix?
Yes. Remortgage and product transfer 3-year deals are available from several lenders. Start looking up to six months before your current deal ends.
How much can I borrow?
Usually 4 to 4.5 times income, with some lenders going to 5 or 5.5 times for higher earners and certain professions, subject to affordability.
How long does a mortgage take?
A mortgage in principle takes minutes to a day; a full offer usually takes 2–4 weeks from application.
Is a lower rate with a high fee better than a no-fee deal?
It depends on the loan size. On smaller loans the no-fee deal often wins; we compare the total cost over the fixed period.
How early can I remortgage?
You can secure a new deal up to six months before your current one ends.
What documents will I need?
ID, proof of address, 3 months' payslips and bank statements, or 2 years' accounts or tax calculations if self-employed.
Where this applies
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Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. Think carefully before securing other debts against your home.
Compare 3-year fixed rates for your case
Independent whole-of-market advice · FCA No. 814533