Can I remortgage early during the two-year term?

Yes, in fact in some cases it can be worth starting the remortgage process before the end of your current two-year fixed mortgage deal as it gives you more time to find a more competitive deal for your circumstances and avoid reverting to your lender’s costly Standard Variable Rate (SVR) . If you do decide to remortgage early, be aware you’re likely to wind up paying early repayment charges to help settle your current deal, so make sure you don’t end up paying more than you save.

Why does my two-year fix end in less than two years?

A lot of lenders use a fixed end date on their products, which while updated regularly, can sometimes mean your deal is slightly more or less than two years. You can see exactly how long a mortgage is fixed for on our charts by looking below the rate on each listing.

What’s a “fixed-end date” mortgage? Is it still a two-year fix?

Yes, a mortgage with a fixed end date of roughly two years is considered a two-year fixed rate mortgage on our comparison charts , however, there are also deals that will be fixed for exactly two years after the loan is made.

Can I “port” my two-year fix if I move home?

Mortgage porting allows you to transfer your current deal, including a two-year fix, over to a new property, which can be useful for savings on fees and the hassle of finding a new mortgage. Keep in mind that not every mortgage can be ported, and even if yours can, you’ll still need to be reassessed by your lender to ensure you meet the requirements. You can find out more about mortgage porting .

Are two-year fixed rates ever more expensive than five-year ones?

Occasionally. Although two-year fixed rates are usually lower than five-year fixed rates, market volatility (such as after the 2022 “mini-Budget”) can sometimes reverse this. For this reason, it’s worth actively comparing the latest mortgage rates when you’re in the market for a new deal.

What will mortgage rates be in two years’ time?

It’s impossible to say for certain what mortgage rates will do over the next couple of years as the market can quickly change due to political and global events. For example, the 2022 mini-Budget and, more recently, the conflict in the Middle East in 2026, both caused mortgage rates to rocket and completely altered forecasts for the market. Based on current predictions in the Bank of England’s July Financial Stability Report, mortgage rates seem unlikely to change significantly over the next two years. This means that anyone taking out a two-year fix in 2026 may see little change by the time it ends in 2028. However, this is based on current knowledge and projections; there’s always the chance that rates could rise or fall more than expected due to UK and global events.

Latest 2 Year Fixed Mortgages | Rates Updated Throughout Day

Home Mortgages 2 year fixed rate

Looking for the best two-year fixed mortgage rates in the UK? Our comparison table below lists the top two-year fixed rate mortgages UK providers currently offer, and you can use our ‘Full Search’ feature to filter products and get tailored results based on your individual preferences.

Moneyfactscompare.co.uk is one of the UK’s most established comparison sites and our charts are updated throughout the day to help consumers find and compare products. Discover today’s lowest two-year fixed mortgage rates on our table below.

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