3 Year Fixed Rate Mortgage

Our database has 162 3-year fixed rate mortgages from 7 lenders, it’s worth seeing what rates available and the fees that accompany them. Coventry Building Society’s First Time Buyer Fixed rate is 4.51% with a £999 product fee and Nationwide is offering is 4.75% for their Moving Home Fixed rate with a £999 product fee

3 Year Fixed Rate Mortgage

Our database has 162 3-year fixed rate mortgages from 7 lenders, it’s worth seeing what rates available and the fees that accompany them. Coventry Building Society’s First Time Buyer Fixed rate is 4.51% with a £999 product fee and Nationwide is offering is 4.75% for their Moving Home Fixed rate with a £999 product fee.           

Check back weekly or favourite this page to keep an eye on the ever-changing rates. The table below is updated as of July 16, 2024 and rates are subject to change.

Barclays 3-year fixed rate mortgage

COMPANY TYPE TERM INITIAL RATE THE OVERALL COST FOR COMPARISON IS PRODUCT FEE LOAN TO VALUE (LTV)
BARCLAYS Fixed Rate Residential Purchase Premier Exclusive 3 years 4.57% 7.8 APRC £999.00 60%

 

Coventry BS 3-year fixed rate mortgage

COMPANY TYPE TERM INITIAL RATE THE OVERALL COST FOR COMPARISON IS PRODUCT FEE LOAN TO VALUE (LTV)
COVENTRY BS First Time Buyer Fixed Rate 3 years 4.51% 6.8 APRC £999.00 65%
COVENTRY BS First Time Buyer Fixed Rate 3 years 4.62% 6.8 APRC £999.00 75%
COVENTRY BS First Time Buyer Fixed Rate 3 years 4.96% 6.9 APRC £999.00 85%
COVENTRY BS First Time Buyer Fixed Rate 3 years 5.59% 7.1 APRC £999.00 90%
COVENTRY BS First Time Buyer Fixed Rate 3 years 6.00% 7.3 APRC £999.00 95%
COVENTRY BS First Time Buyer Fixed Rate FTB 3 years 4.69% 6.8 APRC £0.00 65%
COVENTRY BS First Time Buyer Fixed Rate FTB 3 years 4.74% 6.8 APRC £0.00 75%
COVENTRY BS First Time Buyer Fixed Rate FTB 3 years 5.12% 6.9 APRC £0.00 80%
COVENTRY BS First Time Buyer Fixed Rate 3 years 5.17% 6.9 APRC £0.00 80%
COVENTRY BS First Time Buyer Fixed Rate FTB 3 years 5.17% 6.9 APRC £0.00 85%
COVENTRY BS First Time Buyer Fixed Rate CV 3 years 5.17% 6.9 APRC £0.00 85%
COVENTRY BS First Time Buyer Fixed Rate FTB 3 years 5.73% 7.1 APRC £0.00 90%
COVENTRY BS First Time Buyer Fixed Rate CV 3 years 5.63% 7.1 APRC £0.00 90%
COVENTRY BS First Time Buyer Fixed Rate FTB 3 years 6.04% 7.3 APRC £0.00 95%
COVENTRY BS First Time Buyer Fixed Rate CV 3 years 5.94% 7.2 APRC £0.00 95%
COVENTRY BS Moving Home Fixed Rate 3 years 4.51% 6.8 APRC £999.00 65%
COVENTRY BS Moving Home Fixed Rate 3 years 4.62% 6.8 APRC £999.00 75%
COVENTRY BS Moving Home Fixed Rate 3 years 4.91% 6.9 APRC £999.00 80%
COVENTRY BS Moving Home Fixed Rate 3 years 4.96% 6.9 APRC £999.00 85%
COVENTRY BS Moving Home Fixed Rate 3 years 5.59% 7.1 APRC £999.00 90%
COVENTRY BS Moving Home Fixed Rate 3 years 6.00% 7.3 APRC £999.00 95%
COVENTRY BS Moving Home Fixed Rate 3 years 4.74% 6.8 APRC £0.00 65%
COVENTRY BS Moving Home Fixed Rate 3 years 4.79% 6.8 APRC £0.00 75%
COVENTRY BS Moving Home Fixed Rate 3 years 5.17% 6.9 APRC £0.00 80%
COVENTRY BS Moving Home Fixed Rate 3 years 5.22% 7.0 APRC £0.00 85%
COVENTRY BS Moving Home Fixed Rate 3 years 5.83% 7.2 APRC £0.00 90%
COVENTRY BS Moving Home Fixed Rate 3 years 6.14% 7.3 APRC £0.00 95%
COVENTRY BS Remortgage Fixed Rate 3 years 4.55% 6.8 APRC £999.00 65%
COVENTRY BS Remortgage Fixed Rate 3 years 4.68% 6.8 APRC £999.00 75%
COVENTRY BS Remortgage Fixed Rate 3 years 5.30% 7.0 APRC £999.00 80%
COVENTRY BS Remortgage Fixed Rate 3 years 5.35% 7.1 APRC £999.00 85%
COVENTRY BS Remortgage Fixed Rate 3 years 6.07% 7.3 APRC £999.00 90%
COVENTRY BS Remortgage Fixed Rate 3 years 4.81% 6.8 APRC £0.00 65%
COVENTRY BS Remortgage Fixed Rate 3 years 4.89% 6.8 APRC £0.00 75%
COVENTRY BS Remortgage Fixed Rate 3 years 5.50% 7.1 APRC £0.00 80%
COVENTRY BS Remortgage Fixed Rate 3 years 5.55% 7.1 APRC £0.00 85%
COVENTRY BS Remortgage Fixed Rate 3 years 6.17% 7.3 APRC £0.00 90%
COVENTRY BS Existing Members Fixed Rate 3 years 4.51% 6.8 APRC £999.00 65%
COVENTRY BS Existing Members Fixed Rate 3 years 4.62% 6.8 APRC £999.00 75%
COVENTRY BS Existing Members Fixed Rate 3 years 4.91% 6.9 APRC £999.00 80%
COVENTRY BS Existing Members Fixed Rate 3 years 4.96% 6.9 APRC £999.00 85%
COVENTRY BS Existing Members Fixed Rate 3 years 5.59% 7.1 APRC £999.00 90%
COVENTRY BS Existing Members Fixed Rate 3 years 6.00% 7.3 APRC £999.00 95%
COVENTRY BS Existing Members Fixed Rate 3 years 4.74% 6.8 APRC £0.00 65%
COVENTRY BS Existing Members Fixed Rate 3 years 4.79% 6.8 APRC £0.00 75%
COVENTRY BS Existing Members Fixed Rate 3 years 5.17% 6.9 APRC £0.00 80%
COVENTRY BS Existing Members Fixed Rate 3 years 5.22% 7.0 APRC £0.00 85%
COVENTRY BS Existing Members Fixed Rate 3 years 5.83% 7.2 APRC £0.00 90%
COVENTRY BS Existing Members Fixed Rate 3 years 6.14% 7.3 APRC £0.00 95%

 

HSBC 3-year fixed rate mortgage

COMPANY TYPE TERM INITIAL RATE THE OVERALL COST FOR COMPARISON IS PRODUCT FEE LOAN TO VALUE (LTV)
HSBC First Time Buyer Fixed Fee Saver 3 years 4.84% 6.6 APRC £0.00 60%
HSBC First Time Buyer Fixed Standard 3 years 4.58% 6.6 APRC £999.00 60%
HSBC First Time Buyer Fixed Fee Saver 3 years 4.89% 6.6 APRC £0.00 70%
HSBC First Time Buyer Fixed Standard 3 years 4.69% 6.6 APRC £999.00 70%
HSBC First Time Buyer Fixed Fee Saver 3 years 4.89% 6.6 APRC £0.00 75%
HSBC First Time Buyer Fixed Standards 3 years 4.69% 6.6 APRC £999.00 75%
HSBC First Time Buyer Fixed Fee Saver 3 years 5.19% 6.7 APRC £0.00 80%
HSBC First Time Buyer Fixed Standards 3 years 4.89% 6.7 APRC £999.00 80%
HSBC First Time Buyer Fixed Fee Saver 3 years 5.19% 6.7 APRC £0.00 85%
HSBC First Time Buyer Fixed Standard 3 years 4.89% 6.7 APRC £999.00 85%
HSBC First Time Buyer Fixed Fee Saver 3 years 5.44% 6.8 APRC £0.00 90%
HSBC First Time Buyer Fixed Standard 3 years 5.18% 6.8 APRC £999.00 90%
HSBC First Time Buyer Fixed Fee Saver 3 years 5.78% 6.9 APRC £0.00 95%
HSBC Remortgage Fixed Fee Saver 3 years 4.90% 6.6 APRC £0.00 60%
HSBC Remortgage Fixed Standard 3 years 4.64% 6.6 APRC £999.00 60%
HSBC Remortgage Fixed Fee Saver 3 years 5.05% 6.6 APRC £0.00 70%
HSBC Remortgage Fixed Standard 3 years 4.76% 6.6 APRC £999.00 70%
HSBC Remortgage Fixed Fee Saver 3 years 5.05% 6.6 APRC £0.00 75%
HSBC Remortgage Fixed Standard 3 years 4.76% 6.6 APRC £999.00 75%
HSBC Remortgage Fixed Fee Saver 3 years 5.54% 6.8 APRC £0.00 80%
HSBC Remortgage Fixed Standard 3 years 5.33% 6.8 APRC £999.00 80%
HSBC Remortgage Fixed Fee Saver 3 years 5.69% 6.8 APRC £0.00 85%
HSBC Remortgage Fixed Standard 3 years 5.40% 6.8 APRC £999.00 85%
HSBC Remortgage Fixed Fee Saver 3 years 5.88% 6.9 APRC £0.00 90%
HSBC Remortgage Fixed Standard 3 years 5.68% 6.9 APRC £999.00 90%
HSBC Moving Home Fixed Fee Saver 3 years 4.84% 6.6 APRC £0.00 60%
HSBC Moving Home Fixed Standard 3 years 4.58% 6.6 APRC £999.00 60%
HSBC Moving Home Fixed Fee Saver 3 years 4.89% 6.7 APRC £0.00 70%
HSBC Moving Home Fixed Standard 3 years 4.69% 6.6 APRC £999.00 70%
HSBC Moving Home Fixed Fee Saver 3 years 4.89% 6.7 APRC £0.00 75%
HSBC Moving Home Fixed Standard 3 years 4.69% 6.6 APRC £999.00 75%
HSBC Moving Home Fixed Fee Saver 3 years 5.19% 6.7 APRC £0.00 80%
HSBC Moving Home Fixed Standard 3 years 4.89% 6.7 APRC £999.00 80%
HSBC Moving Home Fixed Fee Saver 3 years 5.19% 6.7 APRC £0.00 85%
HSBC Moving Home Fixed Standard 3 years 4.89% 6.7 APRC £999.00 85%
HSBC Moving Home Fixed Fee Saver 3 years 5.44% 6.8 APRC £0.00 90%
HSBC Moving Home Fixed Standard 3 years 5.18% 6.8 APRC £999.00 90%
HSBC Moving Home Fixed Fee Saver 3 years 5.78% 6.9 APRC £0.00 95%
HSBC Existing Customer (Switch to New Rate) Fixed Standard 3 years 4.83% 6.6 APRC £0.00 60%
HSBC Existing Customer (Switch to New Rate) Fixed Fee Saver 3 years 4.58% 6.8 APRC £999.00 60%
HSBC Existing Customer (Switch to New Rate) Fixed Fee Saver 3 years 4.89% 6.6 APRC £0.00 70%
HSBC Existing Customer (Switch to New Rate) Fixed Standard 3 years 4.69% 6.8 APRC £999.00 70%
HSBC Existing Customer (Switch to New Rate) Fixed Fee Saver 3 years 4.89% 6.6 APRC £0.00 75%
HSBC Existing Customer (Switch to New Rate) Fixed Standard 3 years 4.69% 6.8 APRC £999.00 75%
HSBC Existing Customer (Switch to New Rate) Fixed Fee Saver 3 years 5.19% 6.7 APRC £0.00 80%
HSBC Existing Customer (Switch to New Rate) Fixed Standard 3 years 4.89% 6.9 APRC £999.00 80%
HSBC Existing Customer (Switch to New Rate) Fixed Fee Saver 3 years 5.19% 6.7 APRC £0.00 85%
HSBC Existing Customer (Switch to New Rate) Fixed Standard 3 years 4.89% 6.9 ARPC £999.00 85%
HSBC Existing Customer (Switch to New Rate) Fixed Fee Saver 3 years 5.44% 6.8 APRC £0.00 90%
HSBC Existing Customer (Switch to New Rate) Fixed Standard 3 years 5.18% 7.0 APRC £999.00 90%
HSBC Existing Customer (Switch to New Rate) Fixed Fee Saver 3 years 5.78% 6.9 APRC £0.00 95%

 

Nationwide BS 3-year fixed rate mortgage

COMPANY TYPE TERM INITIAL RATE THE OVERALL COST FOR COMPARISON IS PRODUCT FEE LOAN TO VALUE (LTV)
NATIONWIDE BS First Time Buyer Fixed Rate 3 years 4.75% 7.4 APRC £999.00 75%
NATIONWIDE BS First Time Buyer Fixed Rate 3 years 5.12% 7.5 APRC £0.00 75%
NATIONWIDE BS Remortgage Fixed Rate 3 years 4.77% 7.4 APRC £999.00 75%
NATIONWIDE BS Remortgage Fixed Rate 3 years 5.00% 7.4 APRC £0.00 75%
NATIONWIDE BS Moving Home Fixed Rate 3 years 4.75% 7.4 APRC £999.00 75%
NATIONWIDE BS Moving Home Fixed Rate 3 years 4.90% 7.4 APRC £0.00 75%

 

TSB 3-year fixed rate mortgage

COMPANY TYPE TERM INITIAL RATE THE OVERALL COST FOR COMPARISON IS PRODUCT FEE LOAN TO VALUE (LTV)
TSB First Time Buyer Fixed Rate 3 years 4.57% 7.3 APRC £1495.00 60%
TSB First Time Buyer Fixed Rate 3 years 4.70% 7.3 APRC £1495.00 60% to 75%
TSB First Time Buyer Fixed Rate 3 years 4.98% 7.4 APRC £1495.00 75% to 80%
TSB First Time Buyer Fixed Rate 3 years 5.00% 7.4 APRC £1495.00 80% to 85%
TSB First Time Buyer Fixed Rate 3 years 5.18% 7.4 APRC £1495.00 85% to 90%
TSB First Time Buyer Fixed Rate 3 years 5.58% 7.5 APRC £1495.00 90% to 95%
TSB Remortgage Fixed Rate 3 years 4.62% 7.8 APRC £1495.00 60%
TSB Remortgage Fixed Rate 3 years 4.75% 7.9 APRC £1495.00 60% to 75%
TSB Remortgage Fixed Rate 3 years 5.29% 8.0 APRC £1495.00 75% to 80%
TSB Remortgage Fixed Rate 3 years 5.34% 8.1 APRC £1495.00 80% to 85%
TSB Moving Home Fixed Rate 3 years 4.57% 8.0 APRC £1495.00 60%
TSB Moving Home Fixed Rate 3 years 4.70% 8.0 APRC £1495.00 60% to 75%
TSB Moving Home Fixed Rate 3 years 4.98% 8.1 APRC £1495.00 75% to 80%
TSB Moving Home Fixed Rate 3 years 5.00% 8.1 APRC £1495.00 80% to 85%
TSB Moving Home Fixed Rate 3 years 5.18% 8.1 APRC £1495.00 85% to 90%
TSB Moving Home Fixed Rate 3 years 5.58% 8.3 APRC £1495.00 90% to 95%
TSB Existing Customers Product Transfer Residential Fixed Rate 3 years 4.84% 7.8 APRC £995.00 60%
TSB Existing Customers Product Transfer Residential Fixed Rate 3 years 5.09% 7.8 APRC £0.00 60%
TSB Existing Customers Product Transfer Residential Fixed Rate 3 years 4.94% 7.8 APRC £995.00 60% to 75%
TSB Existing Customers Product Transfer Residential Fixed Rate 3 years 5.19% 7.8 APRC £0.00 60% to 75%
TSB Existing Customers Product Transfer Residential Fixed Rate 3 years 5.54% 8.0 APRC £995.00 75% to 80%
TSB Existing Customers Product Transfer Residential Fixed Rate 3 years 5.79% 8.0 APRC £995.00 75% to 80%
TSB Existing Customers Product Transfer Residential Fixed Rate 3 years 5.59% 8.1 APRC £995.00 80% to 85%
TSB Existing Customers Product Transfer Residential Fixed Rate 3 years 5.84% 8.0 APRC £0.00 80% to 85%
TSB Existing Customers Additional Borrowing Residential Fixed Rate 3 years 5.09% 7.8 APRC £0.00 60%
TSB Existing Customers Additional Borrowing Residential Fixed Rate 3 years 5.19% 7.8 APRC £0.00 60% to 75%
TSB Existing Customers Additional Borrowing Residential Fixed Rate 3 years 5.79% 8.0 APRC £0.00 75% to 80%
TSB Existing Customers Additional Borrowing Residential Fixed Rate 3 years 5.84% 8.0 APRC £0.00 80% to 85%

 

Virgin Money 3-year fixed rate mortgage

There are currently no lenders offering these products at the moment.

 

Yorkshire BS 3-year fixed rate mortgage

COMPANY TYPE TERM INITIAL RATE THE OVERALL COST FOR COMPARISON IS PRODUCT FEE LOAN TO VALUE (LTV)
YORKSHIRE BS First Time Buyer Fixed Rate 3 years 4.79% 7.24 APRC £1495.00 75%
YORKSHIRE BS First Time Buyer Fixed Rate 3 years 5.04% 7.32 APRC £0.00 75%
YORKSHIRE BS Remortgage Fixed Rate 3 years 4.84% 7.06 APRC £1495.00 75%
YORKSHIRE BS Remortgage Fixed Rate 3 years 5.04% 7.32 APRC £0.00 75%
YORKSHIRE BS Moving Home Fixed Rate 3 years 4.79% 7.24 APRC £1495.00 75%
YORKSHIRE BS Moving Home Fixed Rate 3 years 5.04% 7.32 APRC £0.00 75%

 

3 Year Fixed Rate Mortgage FAQs

Is it better to fix mortgage for 2 or 3 years?

Deciding whether to fix your mortgage rate for 2 or 3 years depends on your individual circumstances and financial goals.

  • A two-year fixed-rate mortgage may be suitable if you are looking for short-term stability and predictability in your mortgage payments. This type of mortgage may be ideal if you are planning to move or make changes to your financial situation within the next two years, such as switching jobs or starting a family.
  • A three-year fixed-rate mortgage may provide you with slightly more stability and certainty than a two-year fixed-rate mortgage. This type of mortgage may be better if you are planning to stay in your home for at least three years and want to avoid potential interest rate increases in the near future.

It is important to note that fixed-rate mortgages typically come with higher interest rates than variable-rate mortgages, and you may face penalties if you break the fixed term early. Therefore, it is important to carefully consider your financial situation and goals before deciding on the length of your fixed-rate term.

It is best to speak with a mortgage advisor who can provide you with personalized advice based on your individual circumstances and financial goals.

Can you fix a mortgage for 3 years?

Yes, it is possible to fix a mortgage rate for three years in the UK. Many lenders offer three-year fixed-rate mortgages as an option for borrowers. You can fix a mortgage for 3 years, the terms available vary from 1 – 15 years depending on product type, lender and individual circumstances.

With a three-year fixed-rate mortgage, your interest rate and monthly mortgage payments are fixed for the duration of the term, which can provide you with predictability in your housing expenses. However, it's important to keep in mind that fixed-rate mortgages typically come with slightly higher interest rates than variable-rate mortgages, so you'll need to weigh the benefits of a fixed-rate mortgage against the potential costs.

It's also important to note that if you want to pay off your mortgage early or switch to a different mortgage product during the fixed-rate term, you may be subject to early repayment fees or other penalties. So, before choosing a three-year fixed-rate mortgage, make sure to carefully consider your financial goals and circumstances to ensure that it's the right choice for you.

What is the best term for fixed rate mortgage?

There is no one "best" term for a fixed-rate mortgage that applies to everyone. The best term for a fixed-rate mortgage will depend on your individual financial situation, goals, and preferences.

A shorter fixed-term, such as a two-year fixed-rate mortgage, may be a good option if you are planning to move or make changes to your financial situation in the near future. A shorter term can also be advantageous if interest rates are expected to fall in the short term, as you will have the opportunity to renegotiate your mortgage at a lower rate sooner.

On the other hand, a longer fixed-term, such as a five-year fixed-rate mortgage, may be more suitable if you are looking for stability and predictability in your mortgage payments over a longer period. This can be especially beneficial if you are planning to stay in your home for a longer term and want to avoid the risk of interest rate increases in the future.

Ultimately, the best term for a fixed-rate mortgage will depend on your individual circumstances, such as your income, expenses, and financial goals. It's important to speak with a mortgage advisor who can provide personalized advice and help you select the fixed-rate term that best meets your needs.

Will mortgage rates go down in the next 5 years?

It's difficult to predict with certainty whether mortgage rates will go down in the UK over the next five years. Mortgage rates are influenced by a variety of factors, including the Bank of England's base rate, inflation, and global economic conditions. However, mortgage rates are predicted to start falling in 2024 meaning mortgage rates will go down in the next 5 years.

While it's possible that mortgage rates could decrease over the next five years, it's also possible that they could remain stable or even increase. Factors such as inflation, changes in the global economy, and the Bank of England's monetary policy can all have an impact on mortgage rates.

It's important to keep in mind that mortgage rates are only one factor to consider when deciding whether to buy a property. Other factors, such as property prices, your personal financial situation, and your long-term goals, should also be considered.

If you are considering buying a property and want to get an idea of what mortgage rates are currently available, it's a good idea to speak with a mortgage advisor. They can help you understand your options and determine whether a fixed-rate or variable-rate mortgage is best for you based on your individual circumstances.