Best Remortgage Deals UK June 2026: Current Rates, Top Lenders and How to Compare

LAST REVIEWED: 18 JUNE 2026  |  SOURCE: MONEYFACTS / HOA / MORTGAGE ADVICE BUREAU

Best Remortgage Deals UK: June 2026 Rate Snapshot

The best remortgage deals in the UK for June 2026 are as follows, based on data from Moneyfacts and HomeOwners Alliance updated on 18 June 2026. Rates change daily and the figures below are for reference purposes. Always verify current rates with a whole-of-market broker or directly with lenders before applying.

For a borrower remortgaging at 60% LTV, the best available 2-year fixed rate is from Monmouthshire Building Society at 4.49% with a product fee of 1,010 pounds. From a high-street lender, Santander offers 4.56% with a fee of 1,224 pounds. The best tracker rate is from Halifax at 3.96% with fees of 1,599 pounds. For a 10-year fixed rate, Santander offers 4.98% with a 1,224 pound fee.

For borrowers at higher LTV ratios, rates step up through each band. At 80% LTV, the best 2-year fixed rates are typically 0.4 to 0.6 percentage points higher than the equivalent 60% LTV deal. At 90% LTV the premium is typically 0.8 to 1.2 percentage points above the 60% LTV tier.

How to Compare Remortgage Deals Properly

The headline interest rate is only one part of the true cost of a remortgage deal. The other key factors are the arrangement or product fee, any free legal or valuation incentives, the reversion rate (the rate the lender moves you onto when the deal ends), and any early repayment charges.

A deal with a 1,499 pound arrangement fee and a rate of 4.30% may cost less over a 5-year term than a fee-free deal at 4.50%, depending on the mortgage size. On a 150,000 pound mortgage, the interest saving from a 0.2% lower rate is 300 pounds per year, or 1,500 pounds over 5 years, which barely covers the fee. On a 350,000 pound mortgage the same saving is 700 pounds per year or 3,500 pounds over 5 years, which makes the fee well worthwhile.

The correct comparison method is to calculate the total paid over the deal period including the arrangement fee, then compare that total across all candidate deals. Most mortgage brokers and comparison tools can run this calculation automatically.

Fixed vs Tracker Remortgage: Which Is Better in 2026?

Tracker mortgages follow the Bank of England base rate plus a set margin. In June 2026, with the base rate at 3.75%, the best tracker remortgages sit at around 3.96%, below the best fixed rates of 4.37% to 4.56%. This means that if the base rate stays at 3.75% or rises only modestly, a tracker is cheaper than a fix in the short term.

The risk with a tracker is that if the Bank of England raises rates, your monthly payment rises with it. The MPC held the base rate at 3.75% on 18 June 2026, with two members voting to raise rates to 4% and the remainder voting to hold. External forecasters including ING and Bank of America still suggest a July or September hike is possible if inflation rises in Q3. A borrower who fixes now has certainty over their payments for the deal period regardless of what the MPC decides. A borrower who takes a tracker saves money if rates stay flat or fall but pays more if rates rise.

For borrowers with tight monthly budgets or those approaching a significant life event such as a baby or a career change, the certainty of a fixed rate is often worth the small premium over the tracker. For borrowers with financial flexibility who believe rates will fall, a tracker or a shorter fix gives more options.

2-Year vs 5-Year Fixed Remortgage

In June 2026, 2-year and 5-year fixed remortgage rates are close together, with 5-year deals typically around 0.1 to 0.3 percentage points above equivalent 2-year deals. This narrow differential reflects market uncertainty about the interest rate path over the next few years.

A 5-year fix provides certainty for longer but commits the borrower to the same lender and rate for 5 years with early repayment charges applying if they want to leave early. Circumstances that might require an early exit include selling the property, significant salary changes, or wanting to access equity. A 2-year fix provides a review point sooner and allows more frequent rate shopping, but comes with the risk of higher rates at the next renewal.

For most borrowers who are not planning to sell or make significant changes in the next 5 years, the marginal premium for a 5-year fix over a 2-year fix is small and buys 3 years of additional rate certainty, which has value in an uncertain market.

Top Lenders for Remortgages in 2026

The main lenders offering competitive remortgage products in June 2026 include Santander, Halifax, HSBC, Barclays, NatWest, Nationwide, Yorkshire Building Society, and Coventry Building Society. Each lender prices differently by LTV band and deal type, which is why the best deal for one borrower is rarely the best for another.

Santander has been consistently competitive on 2-year fixed rates at 60% LTV in mid-2026. Halifax has been competitive on tracker products. Yorkshire Building Society has been strong on fee-free products which suit smaller mortgages where arrangement fees are less easy to justify. Nationwide and Coventry Building Society have been strong on specific LTV bands.

The product landscape changes frequently, sometimes daily, as lenders reprice in response to swap rate movements. A rate that is the best in the market today may not be the best tomorrow. This is the most compelling argument for using a whole-of-market broker who monitors the market continuously rather than comparing a snapshot at a single point in time.

How to Get the Best Remortgage Deal

Remortgage Rates and the Bank of England Base Rate

Fixed mortgage rates are primarily driven by swap rates, which reflect market expectations of future interest rates, rather than by the Bank of England base rate directly. This is why fixed remortgage rates can rise or fall even when the base rate is unchanged. In 2026, swap rates have been volatile reflecting uncertainty about the pace of future rate cuts. The Bank of England base rate stood at 3.75% in June 2026, having been cut from a peak of 5.25% in 2023.

Tracker mortgage rates are directly linked to the base rate. A tracker at base rate plus 0.21% is 3.96% at a 3.75% base rate. If the MPC raises the base rate by 0.25%, the tracker rate rises to 4.21% automatically on the next payment date. This direct linkage is the fundamental risk of tracker products in an uncertain rate environment.

Remortgage Rates by LTV: June 2026 Snapshot

At 60% LTV, best 2-year fixed rates start at around 4.37% to 4.56%. At 75% LTV, equivalent best deals are typically 4.60% to 4.80%. At 80% LTV, rates step to approximately 4.80% to 5.00%. At 90% LTV, best 2-year fixed deals sit at around 5.20% to 5.50%. These figures change daily as lenders update pricing in response to swap rate movements. A whole-of-market broker running a live search at application will provide the most accurate current picture.

Fee-Free vs Low-Rate Remortgage Deals

Fee-free remortgage products carry no arrangement fee but typically offer a slightly higher interest rate. Low-rate products offer the best headline rates but charge arrangement fees of 999 to 1,999 pounds. For mortgages below 150,000 pounds, fee-free deals are often cheaper on a total cost basis. For mortgages above 300,000 pounds, the lower rate on a fee-bearing product typically justifies the arrangement fee over a 2 to 5 year term. Always calculate total cost over the deal period, not just the monthly payment.

Start 6 months before your current deal ends. Use a whole-of-market mortgage broker rather than going direct to a single lender. Whole-of-market brokers have access to all available lender products including deals not available direct to consumers. They calculate the true cost across all options including fees, run your affordability assessment before submission, and manage the application through to completion.

Check your credit report before applying. Errors on credit files are common and can affect the rates offered. The three main credit reference agencies in the UK are Experian, Equifax, and TransUnion. You can access your report for free from each. Dispute any errors before submitting a mortgage application.

Gather your documentation before applying: payslips or accounts for the last 2-3 years, bank statements for the last 3 months, details of your existing mortgage, and proof of address and identity. Having documents ready reduces the time from application to offer.

Frequently Asked Questions

What is the best remortgage rate in the UK right now?

As of June 2026, the best 2-year fixed remortgage at 60% LTV is Monmouthshire BS at 4.49% with a 1,010 pound fee. From a high-street lender, Santander offers 4.56% with a 1,224 pound fee. The best tracker is Halifax at 3.96% with fees of 1,599 pounds. Rates change daily. Check with a whole-of-market broker for the current best deals at your specific LTV and circumstances.

Should I fix for 2 or 5 years when remortgaging?

In June 2026, 5-year fixed rates are only marginally higher than 2-year deals, typically 0.1 to 0.3 percentage points. For borrowers not planning to sell or make significant changes in the next 5 years, the certainty of a 5-year fix at a small premium may be worth it. Those expecting changes in the next 2 to 3 years may prefer the flexibility of a shorter term.

Can I remortgage to a lower LTV?

Yes, if your property has risen in value or your mortgage balance has reduced enough to cross into a lower LTV band. This can unlock materially better rates. A broker can assess your current LTV and identify whether a better rate band is available.

What fees should I expect when remortgaging?

Arrangement fee: 0 to 2,000 pounds. Legal fees: 300 to 700 pounds (often free as a lender incentive). Valuation: often free on remortgage applications. Early repayment charge if leaving your current deal early: 1 to 5% of outstanding balance.