Fixing your mortgage rate- is a 2 year or a 5 year better?

Well we are now starting to see that 2 year fixed rates are becoming cheaper than the 5 year deals in 2025.

Since Liz Truss’ Mini Budget in 2022, five-year fixed mortgages have been the cheaper option; interest rates have been higher, so there has been an expectation that they will start to drop. But, if the Bank of England makes further reductions to the Bank rate this year, experts anticipate that 2-year fixed rates will fall below five-year deals.

We are starting to see this happen now and borrowers may therefore be faced with a dilemma about which deal to chose.

Need advice on what this means for you and for your mortgage?

Talk to FUSE

your home may be repossessed if you do not keep up repayments on your mortgage

*iPaper, 2025