Residential mortgage rates have been slowly ticking down at the start of 2026, while buy-to-let (BTL) pricing has remained stable, data shows.
According to the latest Moneyfacts figures, the average two-year fixed residential mortgage rate is priced at 4.81%. This is down from 4.83% from Friday last week, which was in line with the figure at the end of the year, which we are defining as 31 December.
Looking at the average five-year fixed rate, pricing stands at 4.89%, which is down from 4.91% on the previous working day. The latter was stable on the final figure for 2025.
Regarding product choice, the total number of residential mortgage deals stands at 7,227, a rise from 7,157 from the previous working day and 7,158 at year-end 2025.
On the BTL side, the average two-year BTL residential mortgage rate comes to 4.7%. This is unchanged from the previous working day and is in line with end-of-year figures.
The average five-year BTL residential mortgage rate today is 5.11%, which is also stable on the previous working day and year-end figures.
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Moneyfacts said there are currently 5,171 BTL mortgage products available, which is in line with previous figures for last Friday and the last day of 2025.
The average two-year tracker rate is 4.42%, which is down from 4.44% the previous working day and the end of last year.
The average standard variable rate (SVR) as of 1 January 2026 is 7.25%, which compares to 7.27% as of 1 December 2025.