Best mortgage rates · Residential · October 2026

Best 10-year fixed rates for first-time buyers.

A small market — roughly five lenders price 10-year first-time buyer fixes at any one time. When they do, the best deals rank here, refreshed nightly.

40+ lender product books Fee & no-fee best buys No signup, no credit check Refreshed nightly

Refreshed nightly — rates as of 12 October 2026

Loan to valueLTV = loan ÷ property value. A £50k deposit on a £250k home is 80% LTV.

Lender	Initial rate	Monthly	Fixed until	Then	Product fee
1 S	5.39%	£1,519on £250,000	Jan 2037	6.50%	£999	See full deal →
1 S	5.39%	£1,519on £250,000	Free legalsnot includedFree valuationincludedCashback£250			See full deal →
2 L	5.43%	£1,525on £250,000	Dec 2036	7.24%	£999	See full deal →
2 L	5.43%	£1,525on £250,000	Free legalsnot includedFree valuationnot included			See full deal →
3 S	5.49%	£1,534on £250,000	Jan 2037	6.50%	None	See full deal →
3 S	5.49%	£1,534on £250,000	Fee saverincludedFree legalsnot includedFree valuationincludedCashback£250			See full deal →
4 L	5.52%	£1,538on £250,000	Dec 2036	7.24%	None	See full deal →
4 L	5.52%	£1,538on £250,000	Fee saverincludedFree legalsnot includedFree valuationnot included			See full deal →
5 H	5.63%	£1,555on £250,000	Dec 2036	7.24%	£999	See full deal →
5 H	5.63%	£1,555on £250,000	Free legalsnot includedFree valuationnot includedCashback£250			See full deal →

Cheapest with no product feeSantander at 5.49% — £1,534/moView →

Monthly payments illustrated on a £250,000 repayment mortgage over 25 years; fees not added to the loan. Rates shown are for comparison — full lender criteria apply.

Ten-year fixes are uncommon in first-time buyer mortgages for a structural reason: the first home is often a stepping stone. Most first-time buyers move on well within a decade — which means a 10-year fix risks ending with an early repayment charge still in play. The ERC scale on most 10-year products starts at 5–6% of the balance in year one and takes the full decade to fully unwind. That’s not a reason to dismiss the product, but it is the central trade-off to price before committing.

Porting is the practical escape valve. Most 10-year fixes can be carried to a new property, sidestepping the ERC if you sell and buy simultaneously. However, lenders re-underwrite the whole deal — and the top-up borrowing for a more expensive second home comes at whatever rates exist at that point. If your plan is to stay put for a decade — buying in your long-term area, in a home you intend to grow into — the payment certainty over that period is substantial and can genuinely simplify financial planning.

We ingest the data ourselves

Most comparison tables license the same third-party panel. We build ours directly from lender product data, run through our own quality-assurance pipeline — so we sometimes list deals other sites miss.

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Frequently asked questions

How these tables work, and how to choose between the deals on them.

01How realistic is porting a 10-year fix when I move home?

Porting is technically available on most 10-year products, but it’s more operationally involved than on a shorter fix. The lender reassesses affordability in full, sale and purchase timings must align, and any additional borrowing is priced separately. If your next purchase is substantially more expensive, the blended cost of your existing rate plus the top-up rate can be higher than simply taking a new product. Run the numbers before assuming porting is the cheaper route.

02Why do so few lenders offer 10-year fixes to first-time buyers?

Pricing certainty over 10 years requires the lender to hedge funding costs for that period, which is expensive and limits how competitive they can be on headline rate. Many lenders conclude the demand doesn’t justify building out the product range, particularly for higher-LTV first-time buyer segments. The handful that do offer 10-year FTB deals tend to do so selectively — often at 75% LTV or below — which is why the table above is shallower than for shorter terms.

03What does the early repayment charge look like across a 10-year fix?

ERC structures vary by lender, but a common pattern starts at 5–6% of the outstanding loan in years one and two, stepping down by roughly 1% per year. That means at year five you might still face a 2–3% charge — on a £250,000 mortgage, a four-figure cost. Penalty-free overpayments (usually 10% per year) let you reduce the balance without triggering the charge, but they don’t accelerate the ERC schedule itself.

04Is a 10-year fix sensible at a high LTV as a first-time buyer?

It depends on your primary goal. If you want absolute payment certainty and have no plans to move, a 10-year fix at 90% LTV gives exactly that. The downside is that you forgo the ability to remortgage into a cheaper band as your LTV falls — by year five you might have enough equity for a significantly lower rate, but the ERC makes switching costly. First-time buyers who expect to overpay heavily, or whose income should improve materially, often find the 5-year fix a better balance.

Best 10-year fixed rates for first-time buyers.

Other terms for first-time buyers

10-year fixed for other borrowers

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Refreshed every night

Mortgages only

Frequently asked questions

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