Best 3-year fixed rates for first-time buyers.
A middle-ground fix that not all lenders offer. When 3-year first-time buyer deals are live, they rank here — rebuilt nightly from lender product books.
| Lender | Initial rate | Monthly | Fixed until | Then | Product fee | |
|---|---|---|---|---|---|---|
| 1 H HalifaxBest rate | 4.37% | £1,371on £250,000 | Sept 2029 | 7.24% | £999 | See full deal → |
| 2 L Lloyds Bank | 4.37% | £1,371on £250,000 | Sept 2029 | 7.24% | £999 | See full deal → |
| 3 T TSB Bank | 4.54% | £1,395on £250,000 | Aug 2029 | 7.24% | £995Free valuation | See full deal → |
| 4 L Lloyds Bank | 4.55% | £1,397on £250,000 | 3 yrs | 7.24% | None | See full deal → |
| 5 L Leeds BS | 4.76% | £1,427on £250,000 | Sept 2029 | 7.74% | NoneFree valuation | See full deal → |
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.
Three-year fixes are a less-common term for first-time buyers — most lenders anchor their FTB ranges at 2 and 5 years, and 3-year products appear intermittently. When they do, they suit buyers who find two years too short (the remortgage arrives before their equity position has materially improved) but feel uneasy committing to a 5-year deal on what may be a first, stepping-stone home. It’s a genuine middle ground, when it’s available.
One thing worth tracking at the 3-year horizon: your LTV trajectory. On a standard repayment mortgage at 90% LTV, three years of scheduled payments won’t get you to 85% on their own — but three years of 10% annual overpayments (the usual penalty-free allowance) can. If you’re planning to overpay, running that arithmetic before you pick your term shows whether a 3-year window gets you to a meaningfully cheaper band at remortgage time.
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.