Mortgage rates remain largely static in New Year

January 6, 2026 by Brendan O'Neill

Rates

The latest figures to be released for the mortgage market in the UK indicate that rates remain mostly static at the beginning of the year, as only four mortgage lenders have made adjustments.

Those figures were released by Moneyfacts in its most recent Rate Watch. They do show some signs of change though, both upwards and downwards.

The four lenders that have opted to adjust their rates for the beginning of this year are Coventry Building Society, Yorkshire Building Society, Accord Mortgages and Leeds Building Society.

In the case of Leeds BS, some of its fixed loans have had their rates cut by as much as 20bps (basic points). This lender has also launched a brand-new slate that is targeted at people buying for the first time.

Accord Mortgages has made changes to fixed rate loans too. Some have gone up by as much as 18bps, while others have been cut by a maximum of 16bps.

Coventry BS has reduced rates for certain fixed loans by a maximum of 30bps, while Yorkshire BS has taken some of its fixed products out of circulation. Beyond those changes, the situation is largely the same as it was at the end of 2025.

Rachel Springall is a finance expert at Moneyfacts. She spoke to Mortgage Strategy:

“Unsurprisingly, it’s been a quiet period for the mortgage market this week, but it is an ideal time for borrowers to review their deal and prepare themselves if they are due to refinance soon.”

This is something an advisor with CeMAP training can help them with.