Best Remortgage Deals This Month – Updated Monthly

If your current mortgage deal is coming to an end, you may be searching for the best remortgage deals in the UK right now. Whilst rates change frequently, understanding the current market can help you decide whether to fix again, switch lender, or consider a different type of mortgage product. In May 2026, remortgage rates largely depend on your loan-to-value (LTV), credit score, and whether you choose a fixed or variable mortgage.

What Are the Current Remortgage Rates?

The most competitive fixed-rate remortgage deals currently start from around:

• 4.4%–4.7% for 5-year fixed rates for borrowers with around 60% LTV.
• 4.6%–5.0% for 2-year fixed rates, depending on the lender.

These lower rates are usually available to homeowners with strong credit scores and a large amount of equity in their property.

If you have less equity, you can expect to pay more. Current market ranges are:

• 4.7%–5.3% for 75% LTV mortgages.
• 5.2%–5.8%+ for 85%–90% LTV mortgages.

These higher rates reflect the increased risk to lenders when a borrower has less equity in their property. The less equity you have, the more cautious lenders tend to be, which usually results in higher interest rates being offered.

2-Year Vs 5-Year Fixed Remortgages

If you’re choosing between a 2-year and 5-year fixed remortgage in May 2026, it’s important to consider your financial plans and goals, as well as how much certainty you want over your monthly payments.

A 2-year fixed mortgage can offer more flexibility and may be suitable if you expect your circumstances to change soon or believe interest rates could fall. However, it does mean you’ll need to remortgage more often, which could result in extra fees and uncertainty over time.

A 5-year fixed mortgage allows you to lock in your interest rate and monthly payments for a longer period, providing longer-term stability. This can be particularly helpful for budgeting and protecting against potential rate increases, especially in a fluctuating market.

Which option you choose will likely depend on whether you prioritise flexibility or security, as well as your wider financial plans, including how long you intend to stay in your current home.

How to Choose the Right Remortgage Deal

Choosing the right remortgage deal is about more than just the interest rate. You should consider the overall cost, including any fees, as well as how the deal fits your financial plans.

Your loan-to-value (LTV), credit score, and the length of the fixed term will all influence what deals you’re offered. A 2-year fix may offer flexibility, whilst a 5-year fix provides longer-term stability. You should also think about your future plans and how comfortable you are with potential changes to your monthly payments over time.

If you’re unsure which option is right for you, Fosters Financial can help you review your current mortgage and compare the latest remortgage deals available to you. Speak to our team today to get tailored advice on remortgaging your home.