UK mortgage lenders compared, against the whole market
Every lender can show you its own deals. Only a view of the whole market tells you whether they are any good. Here is how UK mortgage lenders’ published rates compare at every loan to value band, from Theo’s daily data.
Quick answer
Mortgage lenders price each loan to value band separately, and the gap between them can be large. On Theo’s data, the published product transfer rates for a 2 year fix at 75% range from below the best open market rate to over a quarter of a point above it, before fees.
Your lender can only show you its own deals. Theo compares them with the whole market for your band, every day, with the fees and your lender’s standard variable rate beside them.
Updated today
Your lender, or the whole market?
- LenderShows only its own deals.
- TheoShows where they sit in the market.
- YouKnow if your offer is a good one.
Mortgage lenders compared, in the app
Theo’s market comparison lists every lender’s deal for your band, sorted by rate, fee or total cost, and alerts you when one beats yours.
Product transfers
The product transfer rates here are what each lender publishes through mortgage sourcing. Your own offer depends on your circumstances, so log in to see yours, then compare it with the market.
With Halifax?
See Halifax against the market.
How to read the mortgage lenders table
| Column | What it shows |
|---|---|
| Product transfer | The rate the lender publishes for existing customers at that band |
| New customers | The lender’s best rate for someone remortgaging to it |
| Fee | The fee on that deal |
| Against the market | How far the rate sits from the best on the whole market |
Why the whole market matters
A lender comparing itself with itself always looks reasonable. The best rate on the market for your band is the yardstick.
- Step 1Log in to your lender and see your offer.
- Step 2Find your band in the table here.
- Step 3See how far your offer is from the best.
- Step 4Let Theo watch it daily, and alert you when it moves.
Mortgage lenders compared at your band
Choose a fix length and loan to value band. Cheapest first.
| Loading today’s rates |
Loading today’s figures.
How mortgage lenders set their rates
Lenders price each loan to value band separately, from 60% up to 95%, and reprice often, in response to swap rates, Bank Rate and each other. The same lender can be among the cheapest at 60% and among the dearest at 90%. That is why a comparison only means something at your own band. See loan to value explained.
Product transfers and existing customers
When your fixed rate ends, your lender will usually offer you a product transfer: a new deal with no legal work and often no fee. It is convenient, and sometimes the best option. But your lender is not comparing its offer with the rest of the market, so the only way to know is to check. See product transfer or remortgage?
Asking your lender, or checking with Theo
When you log in to your lender, you see your lender’s deals. That is all it can show you. Theo shows where those deals sit in the whole market: the best rate any lender is publishing for your loan to value band today, the fees beside every rate, and the standard variable rate you would roll onto if you did nothing. Your lender tells you what it will offer. Theo tells you whether it is a good offer.
Theo is information, not advice, and it is not affiliated with any lender. When you are ready to act, an FCA-authorised adviser can check your options across the market.
Rates and fees together
A low rate with a big fee can cost more than a slightly higher rate with no fee, especially on a smaller loan. Every rate in the table has its fee beside it. Theo’s market comparison in the app can sort by total cost over the deal, so the fee is always counted.
Where the figures come from
Theo checks rates from 100+ UK lenders every morning through mortgage sourcing data, for residential mortgages at every loan to value band. Rates change, deals can be withdrawn at short notice and lenders apply their own criteria, so the figures are a guide, not an offer. Theo is not affiliated with any lender shown.
Common questions
Which UK mortgage lender has the best rates?
Should I take my lender’s product transfer?
Are product transfer rates the same for everyone?
How often do mortgage lenders change their rates?
Is Theo linked to any mortgage lender?
Keep exploring
Halifax mortgage rates todayAgainst the whole market, every band.
Nationwide mortgage rates todayAgainst the whole market, every band.
Barclays mortgage rates todayAgainst the whole market, every band.
Halifax product transferIs your offer a good one?
Nationwide product transferIs your offer a good one?
Barclays product transferIs your offer a good one?
Theo App Ltd is not authorised by the Financial Conduct Authority and does not give mortgage advice. This page is information only and is not a recommendation. Lender names belong to their owners. Theo is not affiliated with any lender. Rates are a guide from mortgage sourcing data, not offers. Not advice. Speak to an FCA-authorised mortgage adviser about your own circumstances.
Your home may be repossessed if you do not keep up repayments on your mortgage.