Compare our best 5 year fixed rate mortgages

Choose a 5-year fixed rate mortgage and you’ll lock in the same interest rate for the first five years of your mortgage, even if the Bank of England base rate rises. A fixed rate can provide a balance between security and cost although as always, there are benefits and downsides to keep in mind. To find out more, explore our 5 year fixed rate mortgage guide and use the table to compare our best five year fixed rate mortgage deals.

Mortgage type

Property price

£

Mortgage amount

£

Mortgage term

years

Initial rate type

Deal length

Repayment type

Our best 5 year fixed rate mortgage deals

  • HSBC 5 Year Fixed mortgage

    Initial rate 1.96%. APRC 3.1%. Set-up fees £1,499
  • HSBC 5 Year Fixed mortgage

    Initial rate 1.99%. APRC 3%. Set-up fees £999
  • Barclays 5 Year Fixed mortgage

    Initial rate 2.02%. APRC 3.1%. Set-up fees £999
  • Barclays 5 Year Fixed mortgage

    Initial rate 2.02%. APRC 3%. Set-up fees £999
  • Virgin Money 5 Year Fixed mortgage

    Initial rate 2.04%. APRC 3.4%. Set-up fees £995
  • We've found 365 mortgage deals

    HSBC

    5 Year Fixed

    Initial rate

    1.96%

    until 30-11-2026

    APRC

    3.1%

    overall cost for comparison

    Set-up fees

    £1,499

    Monthly payment

    £717.25

    for 60 months

    HSBC

    5 Year Fixed

    Initial rate

    1.99%

    until 30-11-2026

    APRC

    3%

    overall cost for comparison

    Set-up fees

    £999

    Monthly payment

    £719.73

    for 60 months

    HSBC

    5 Year Fixed

    Initial rate

    1.99%

    until 30-11-2026

    APRC

    3%

    overall cost for comparison

    Set-up fees

    £999

    Monthly payment

    £719.73

    for 60 months

    HSBC

    5 Year Fixed

    Initial rate

    1.99%

    until 30-11-2026

    APRC

    3%

    overall cost for comparison

    Set-up fees

    £999

    Monthly payment

    £719.73

    for 60 months

    Barclays

    5 Year Fixed

    Initial rate

    2.02%

    until 30-11-2026

    APRC

    3.1%

    overall cost for comparison

    Set-up fees

    £999

    Monthly payment

    £722.21

    for 60 months

    Barclays

    5 Year Fixed

    Initial rate

    2.02%

    until 30-11-2026

    APRC

    3.1%

    overall cost for comparison

    Set-up fees

    £999

    Monthly payment

    £722.21

    for 60 months

    Barclays

    5 Year Fixed

    Initial rate

    2.02%

    until 30-11-2026

    APRC

    3%

    overall cost for comparison

    Set-up fees

    £999

    Monthly payment

    £722.21

    for 60 months

    Barclays

    5 Year Fixed

    Initial rate

    2.02%

    until 30-11-2026

    APRC

    3.1%

    overall cost for comparison

    Set-up fees

    £999

    Monthly payment

    £722.21

    for 60 months

    Virgin Money

    5 Year Fixed

    Initial rate

    2.04%

    until 01-02-2027

    APRC

    3.4%

    overall cost for comparison

    Set-up fees

    £995

    Monthly payment

    £723.87

    for 60 months

    Virgin Money

    5 Year Fixed

    Initial rate

    2.04%

    until 01-02-2027

    APRC

    3.4%

    overall cost for comparison

    Set-up fees

    £995

    Monthly payment

    £723.87

    for 60 months

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    Representative example:

    If you borrowed £200,000 payable over 25 years, with an initial fixed-rate for two years at 4.79%, your monthly payments would be £1,144.84 for 24 months. This would then revert to a standard variable rate (SVR) of 4.24% for the remaining 23 years, costing £1,086.24 per month for 276 months. Overall cost for comparison is 4.5% APRC representative. The total amount payable over the full term would be £328,272, including product fee of £995 and interest of £127,277.

    Your home may be repossessed if you do not keep up repayments on your mortgage.

    What is a 5 year fixed rate mortgage?

    A five year fixed rate mortgage gives you a fixed interest rate for 5 years. During this period, your monthly mortgage repayments will not change, even if the Bank of England increases the base interest rate or your lender hikes its standard variable rate (SVR).

    A 5 year fixed mortgage gives you a lot of financial security, although that security comes at a cost. Even the best 5 year fixed rate mortgages have a higher interest rate than a fixed rate mortgage lasting two or three years, which means higher monthly repayments too.

    Over 5 years, you could pay thousands of pounds more in interest than you would with a 2 year fixed rate mortgage.