5 Year Fixed Mortgage Rates 2026 — Updated October 2026
- best 5yr purchase
- 4.86%best 5yr purchase
- best 5yr remortgage
- 4.94%best 5yr remortgage
- best 10yr fix
- 5.29%best 10yr fix
- market average 5yr
- 5.94%market average 5yr
The best 5-year fixed mortgage in October 2026 is 4.86% (Halifax, £1,099 fee, 60% LTV) for purchases and 4.94% for remortgages. The average 5-year fix is 5.94%, almost level with the 2-year average, so fixing for longer costs very little extra today.
Best 5 Year Fixed Mortgage Rates — October 2026
Swipe the table sideways to see every column.
| Lender | Rate | Fee | Max LTV |
|---|---|---|---|
| Halifax | 4.86% | £1,099 | 60% |
| Skipton BS | 4.91% | £1,995 | 60% |
| Barclays | 4.93% | £1,004 | 60% |
| Halifax | 4.93% | £100 | 60% |
| NatWest | 4.98% | £1,025 | 60% |
| Santander (10-year) | 5.29% | £1,224 | 60% |
What a 5 year fixed mortgage costs: worked example
- 5-year fix at 4.86%
- £1,729 a month
- 10-year fix at 5.29%
- £1,805 a month
- Ten years of certainty costs
- £76 a month more
£300,000 over 25 years.
Rates rose in September — 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.
- Enquiry type
- Mortgage
- About
- 5 Year Fixed Rates
No upfront fees on loans over £1m.
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.
Whole of market · 130+ lenders · FCA 814533 · Same working day response
Rate context and outlook
The Bank of England held Bank Rate at 3.75% on 17 September 2026, its sixth consecutive hold, but three of nine MPC members voted to raise it to 4.0%. The Committee warned policy may have to tighten if the Middle East conflict persists.
Fixed rates are priced from swap rates, and the 2-year swap rose from 4.26% on 3 September to above 4.70% by mid-month, so most major lenders repriced fixed rates upward two or three times in September. The next decision is on 5 November. If your deal ends in the next six months, securing a rate now and reviewing it before completion is the lower-risk approach.
Reviewed by David Doulton, Director, Doulton Bridging Finance — over 20 years in property finance. Last reviewed 1 October 2026. Doulton Money Ltd t/a Doulton Bridging Finance, FCA No. 814533.
Frequently asked questions
Is a 5-year fix a good idea now?
It locks today's rate through several possible base-rate moves at almost no premium over a 2-year fix.
What if I sell within 5 years?
Early repayment charges apply unless the mortgage is portable. Check porting rules.
Is the lowest rate the cheapest?
Not always — on £300,000 the 4.93% no-fee deal beats the 4.86% deal by £269 over 5 years.
Are 5-year fixes cheaper than 2-year fixes now?
Best buys are close: 4.86% for 5 years against 4.69% for 2 years; the averages are almost level at 5.94% and 5.92%.
Can I overpay on a 5-year fix?
Most lenders allow 10% of the balance a year without an early repayment charge.
Is a 10-year fix worth considering?
It suits borrowers who value certainty above flexibility; at 5.29% it costs about £76 a month more than a 5-year fix on £300,000.
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
Talk to us about
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.
Get a personalised rate comparison for your case
Independent whole-of-market advice · FCA No. 814533