One in two borrowers after two-year fixed mortgage deals

Adam French, Head of News & Communications 01603 476154 Email Adam

One in two borrowers after two-year fixed mortgage deals

New data from Moneyfactscompare.co.uk shows that:

Half (53%) of borrowers comparing mortgage deals in November 2025 were considering two-year fixed-rate options.
This shorter-term deal was favoured by first-time buyers (70%) and remortgage customers (62%), while second-time buyers showed more variation, with 45% leaning towards five-year or longer terms.
Despite higher overall mortgage rates, 7% of borrowers were also exploring 10-year fixed deals.

One in two borrowers after two-year fixed mortgage deals

New data from Moneyfactscompare.co.uk shows that:

Half (53%) of borrowers comparing mortgage deals in November 2025 were considering two-year fixed-rate options.
This shorter-term deal was favoured by first-time buyers (70%) and remortgage customers (62%), while second-time buyers showed more variation, with 45% leaning towards five-year or longer terms.
Despite higher overall mortgage rates, 7% of borrowers were also exploring 10-year fixed deals.

Fixed rate mortgage demand by term and borrower type
Mortgage Rate Period	Moneyfacts Average Mortgage Rate (All LTVs)	FTB	STB	RMTGS	ALL
2 Year	4.86%	70%	41%	62%	53%
3 Year	4.76%	5%	11%	7%	9%
5 Year	4.91%	21%	33%	25%	28%
10 Year	5.61%	2%	12%	3%	7%
Other	n/a	2%	3%	3%	3%
Consumers comparing fixed term mortgage deals on moneyfactscompare.co.uk, 1-30 November 2025, by borrower type and term. Average mortgage rates correct as at 03 December 2025. Source: Moneyfacts Analyser
FTB: first-time buyer. STB: second time buyer or homemover. RMTGS: remortgage

Fixed rate mortgage demand by term and borrower type
Mortgage Rate Period	Moneyfacts Average Mortgage Rate (All LTVs)	FTB	STB	RMTGS	ALL
2 Year	4.86%	70%	41%	62%	53%
3 Year	4.76%	5%	11%	7%	9%
5 Year	4.91%	21%	33%	25%	28%
10 Year	5.61%	2%	12%	3%	7%
Other	n/a	2%	3%	3%	3%
Consumers comparing fixed term mortgage deals on moneyfactscompare.co.uk, 1-30 November 2025, by borrower type and term. Average mortgage rates correct as at 03 December 2025. Source: Moneyfacts Analyser
FTB: first-time buyer. STB: second time buyer or homemover. RMTGS: remortgage

Adam French, Head of News at Moneyfactscompare.co.uk, said:

“It’s not surprising that so many borrowers are considering two-year deals, given expectations for rates to continue falling in the short to medium term. At the beginning of the year, the average two-year fixed mortgage rate was 5.48%, higher than the typical five-year deal, which was priced at 5.25%. However, two-year deals have since become cheaper, with average rates now at 4.86% and the average five-year deal sat at 4.91%, both dipping below 5% earlier this year for the first time since the mini-Budget in September 2022.

"Despite this, second-time buyers appear to be prioritising stability, predictability, and protection from potential rate volatility over cheaper rates. They seem to be more concerned with securing long-term peace of mind, especially if they have higher levels of borrowing and want to shield themselves from unexpected rate hikes."

Adam French, Head of News at Moneyfactscompare.co.uk, said:

Notes to editors

You are welcome to use part or all of this press release, so long as we are sufficiently sourced. We would appreciate a link back to Moneyfactscompare.co.uk.

Pioneering financial comparison technology for over 35 years, Moneyfacts Group plc is the UK’s leading provider of retail financial product data. Used by virtually every bank and building society in the UK, and supplied to the Bank of England, Financial Conduct Authority, Financial Ombudsman Service, HM Treasury, Prudential Regulatory Authority and UK Finance.

Our expert research team monitors the thousands of mortgages, savings, credit card, personal loan, banking, life, pension and investment products in the UK.

Moneyfactscompare.co.uk is the financial product price comparison site, launched as Moneyfacts.co.uk in 2000 and rebranded to Moneyfactscompare.co.uk in 2023, which helps consumers compare thousands of financial products, including credit cards, savings, mortgages and many more. Unlike other comparison sites, Moneyfactscompare.co.uk shows whole of market data regardless of commercial bias, showing consumers a true picture of the best products based on the criteria they select.

For more information about us please see our key facts.

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Notes to editors

You are welcome to use part or all of this press release, so long as we are sufficiently sourced. We would appreciate a link back to Moneyfactscompare.co.uk.

Our expert research team monitors the thousands of mortgages, savings, credit card, personal loan, banking, life, pension and investment products in the UK.

For more information about us please see our key facts.

Broadcast

Our broadcast suite enables our finance experts to appear in-vision for television, and we regularly comment live on national and regional radio.

To arrange an interview for radio or television, please contact our press department. We have an in-house broadcast room.

If you're looking for extra comment, a chart or more information, then please give us a call. We are always more than happy to help.

Adam French Head of News & Communications

01603 476154

Email Adam

Rachel Springall Press Officer / Finance Expert

01603 476210

Email Rachel

Caitlyn Eastell Press & PR Executive