Mortgage Rate Update 25/03/26

Daniel Dawes
Mar 27
2 min read

Hi All,

Please see below table of the current best mortgage rates for purchases available across the various mortgage options and loan to values.

Mortgage Rate Update

Unfortunately, it’s been another challenging week for mortgage rates. While the increases weren’t quite as sharp as the previous week, they were not far behind with the combined totals across the tables below rising by 12.59%, compared with 14.56% last week.

The expectation that oil prices will remain elevated in the short term, and potentially for longer, continues to unsettle markets. Higher energy costs feed directly into inflation expectations, which in turn reduce the likelihood of a Bank of England rate cut and introduce the possibility of rate increases instead.

Fixed‑rate mortgages have now climbed back to levels last seen in March 2025, and some are approaching the highs recorded toward the end of 2024. On average, fixed rates have risen by 0.65% in just three weeks!

The Bank of England’s Monetary Policy Committee voted unanimously to hold the base rate at 3.75%, signalling a desire to see how global and domestic pressures evolve before taking further action.

In contrast, variable and tracker mortgages are becoming increasingly attractive, particularly for clients who believe the base rate is likely to remain at 3.75% for the rest of the year.

A slight positive is that oil prices have eased a little from the highs seen last Friday. If this continues, it could help calm market expectations and reduce the upward pressure on mortgage rates.

Purchase mortgages

Total change across the board: 5.76% increase!
Fixed rate change: 5.62% increase!
Variable change: 0.14% Increase
Biggest drop: None
Biggest increase: 3 year fixed at 90% LTV with a huge increase of 0.55%!!

Remortgages

Total change across the board: 6.83% Increase!
Fixed rate change: 6.73% Increase!
Variable change: 0.10% Increase
Biggest drop: None
Biggest increase: 2 year fixed at 95% LTV with an unbelievable increase of 0.70%!!