Best Mortgage Rates April 2026: Sub-4% Trackers Return as Fixed Rates Fall

The Best Mortgage Rates This Week

With the Bank of England base rate holding at 3.75%, we're seeing some of the most competitive mortgage rates in over two years. Halifax has brought back sub-4% tracker rates for low LTV borrowers, whilst Nationwide continues to dominate the fixed-rate market across multiple terms.

Here's our comprehensive breakdown of the best rates available this week, updated as of Friday 3rd April 2026.

Best Purchase Mortgage Rates by LTV

60% LTV - Maximum Competition

For borrowers with a 40% deposit, the standout deal is Halifax's tracker mortgage at 3.96% with a £999 arrangement fee. This represents exceptional value given the current base rate of 3.75%, offering just a 0.21% margin above Bank Rate.

For those preferring rate certainty, Nationwide leads the fixed-rate market:

• 2-year fixed: 4.71% (£999 fee)
• 5-year fixed: 4.85% (£999 fee)
• 10-year fixed: 5.19% (£999 fee)

The 2-year fix represents particularly strong value, sitting just 0.96% above base rate—a margin we haven't seen since early 2024.

75% LTV - Solid Options Across the Board

With a 25% deposit, Halifax's tracker increases marginally to 4.08% (£999 fee), maintaining its position as the most competitive variable rate available.

Nationwide's fixed rates remain highly competitive:

• 2-year fixed: 4.82% (£999 fee)
• 5-year fixed: 4.90% (£999 fee)
• 10-year fixed: 5.19% (£999 fee)

Notably, the 10-year rate remains unchanged from the 60% LTV tier, making it particularly attractive for borrowers seeking long-term certainty without the usual premium for lower equity.

85% LTV - Rates Creep Higher

At 15% deposit levels, Halifax's tracker moves to 4.26% (£999 fee), whilst Nationwide's fixed options are:

• 2-year fixed: 4.88% (£999 fee)
• 5-year fixed: 4.98% (£999 fee)
• 10-year fixed: 5.34% (£999 fee)

The jump in 10-year rates becomes more pronounced at this LTV, with a 0.15 percentage point increase from the 75% tier.

90% LTV - NatWest Challenges Nationwide

For high LTV borrowers, we see the first break in Nationwide's dominance. NatWest offers the best 2-year fixed rate at 5.18% with a £995 arrangement fee—marginally undercutting Nationwide's 5.09% five-year deal.

This creates an interesting choice: take NatWest's shorter fix at 5.18% or opt for three extra years of certainty with Nationwide's 5-year fix at 5.09% (£999 fee).

Halifax's tracker remains available at 4.57% (£999 fee), though the margin above base rate has widened significantly to 0.82 percentage points.

95% LTV - Limited but Available

High LTV lending remains challenging, with Nationwide offering:

• 2-year fixed: 5.63% (£999 fee)
• 5-year fixed: 5.64% (£999 fee)
• Tracker: 4.89% (£999 fee)

The minimal difference between 2-year and 5-year rates makes the longer fix compelling for borrowers who qualify. No 10-year products are available at this LTV.

Remortgage Rates: Even Better Value

Remortgage customers continue to benefit from enhanced pricing, particularly at lower LTVs.

60% and 75% LTV Remortgage Highlights

The standout remortgage deals include:

• Santander 5-year fixed at 4.83% (60% LTV, £999 fee) - beating Nationwide by 0.02%
• Santander 5-year fixed at 4.89% (75% LTV, £999 fee) - a penny ahead of Nationwide
• Nationwide 10-year fixed at 5.14% (both 60% and 75% LTV) - significantly better than purchase rates

Particularly noteworthy is Nationwide's tracker pricing for remortgage customers, starting at 4.14% for 60% LTV compared to Halifax's 3.96% purchase rate.

Higher LTV Remortgage Rates

Nationwide dominates the higher LTV remortgage market, with rates generally 0.05-0.15 percentage points better than equivalent purchase products. The 90% LTV five-year fix at 5.19% represents excellent value compared to the 5.09% purchase equivalent.

What These Rates Tell Us

Several trends emerge from this week's pricing:

Tracker mortgages are back: Halifax's sub-4% tracker for purchase customers signals growing lender confidence in base rate stability.

10-year fixes gaining traction: Nationwide's competitive 10-year pricing, particularly for remortgage customers, reflects strong demand for long-term certainty.

LTV bands matter more than ever: The rate differential between 60% and 95% LTV has widened, with the spread now exceeding 0.9 percentage points on 2-year fixes.

Key Considerations Before Applying

While these headline rates look attractive, remember that availability can be restricted:

• Minimum income requirements often apply, typically £25,000-£30,000
• Property type restrictions may exclude ex-local authority or unusual construction
• Some products are only available through mortgage brokers
• Credit scoring remains stringent, particularly for tracker products

For a comprehensive comparison of these and other available rates, visit our mortgage comparison tool. You can also track base rate movements on our dedicated Bank of England base rate page.

Individual lender criteria and product details are available on our dedicated pages for Nationwide, Halifax, NatWest, and Santander.