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Here are the two year fixed rate moving home or purchase mortgage results. You can alter your search to reflect the actual amount you want to borrow and the value of your property. If you would like more information on 2 Year Fixed Rate Mortgages read our guide below.

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NatWest Logo
Rate
%
APRC
Product Fees
Initial Monthly Payment
Total Repayable Over years
Go To Provider's Site
Maximum Loan to Value
Charges and Fees
Application Criteria
Flexible Features
Incentives
Revert Rates

Maximum Loan to Value

First Time Buyers
Second Time Buyers
Remortgage
Minimum Loan
Maximum Loan

Charges and Fees

Early Repayment Charge
Exit Fees

Application Criteria

Maximum Age
Minimum Income
Available To

Flexible Features

Underpayments
Overpayments
Payment Holidays
Draw Down
Lump Sum

Incentives

Revert Rate

first direct Logo
Rate
%
APRC
Product Fees
Initial Monthly Payment
Total Repayable Over years
Go To Provider's Site
Maximum Loan to Value
Charges and Fees
Application Criteria
Flexible Features
Incentives
Revert Rates

Maximum Loan to Value

First Time Buyers
Second Time Buyers
Remortgage
Minimum Loan
Maximum Loan

Charges and Fees

Early Repayment Charge
Exit Fees

Application Criteria

Maximum Age
Minimum Income
Available To

Flexible Features

Underpayments
Overpayments
Payment Holidays
Draw Down
Lump Sum

Incentives

Revert Rate

NatWest Logo
Rate
%
APRC
Product Fees
Initial Monthly Payment
Total Repayable Over years
Go To Provider's Site
Maximum Loan to Value
Charges and Fees
Application Criteria
Flexible Features
Incentives
Revert Rates

Maximum Loan to Value

First Time Buyers
Second Time Buyers
Remortgage
Minimum Loan
Maximum Loan

Charges and Fees

Early Repayment Charge
Exit Fees

Application Criteria

Maximum Age
Minimum Income
Available To

Flexible Features

Underpayments
Overpayments
Payment Holidays
Draw Down
Lump Sum

Incentives

Revert Rate

Post Office Money® Logo
Rate
%
APRC
Product Fees
Initial Monthly Payment
Total Repayable Over years
Go To Provider's Site
Maximum Loan to Value
Charges and Fees
Application Criteria
Flexible Features
Incentives
Revert Rates

Maximum Loan to Value

First Time Buyers
Second Time Buyers
Remortgage
Minimum Loan
Maximum Loan

Charges and Fees

Early Repayment Charge
Exit Fees

Application Criteria

Maximum Age
Minimum Income
Available To

Flexible Features

Underpayments
Overpayments
Payment Holidays
Draw Down
Lump Sum

Incentives

Revert Rate

first direct Logo
Rate
%
APRC
Product Fees
Initial Monthly Payment
Total Repayable Over years
Go To Provider's Site
Maximum Loan to Value
Charges and Fees
Application Criteria
Flexible Features
Incentives
Revert Rates

Maximum Loan to Value

First Time Buyers
Second Time Buyers
Remortgage
Minimum Loan
Maximum Loan

Charges and Fees

Early Repayment Charge
Exit Fees

Application Criteria

Maximum Age
Minimum Income
Available To

Flexible Features

Underpayments
Overpayments
Payment Holidays
Draw Down
Lump Sum

Incentives

Revert Rate

Post Office Money® Logo
Rate
%
APRC
Product Fees
Initial Monthly Payment
Total Repayable Over years
Go To Provider's Site
Maximum Loan to Value
Charges and Fees
Application Criteria
Flexible Features
Incentives
Revert Rates

Maximum Loan to Value

First Time Buyers
Second Time Buyers
Remortgage
Minimum Loan
Maximum Loan

Charges and Fees

Early Repayment Charge
Exit Fees

Application Criteria

Maximum Age
Minimum Income
Available To

Flexible Features

Underpayments
Overpayments
Payment Holidays
Draw Down
Lump Sum

Incentives

Revert Rate

Post Office Money® Logo
Rate
%
APRC
Product Fees
Initial Monthly Payment
Total Repayable Over years
Go To Provider's Site
Maximum Loan to Value
Charges and Fees
Application Criteria
Flexible Features
Incentives
Revert Rates

Maximum Loan to Value

First Time Buyers
Second Time Buyers
Remortgage
Minimum Loan
Maximum Loan

Charges and Fees

Early Repayment Charge
Exit Fees

Application Criteria

Maximum Age
Minimum Income
Available To

Flexible Features

Underpayments
Overpayments
Payment Holidays
Draw Down
Lump Sum

Incentives

Revert Rate

Post Office Money® Logo
Rate
%
APRC
Product Fees
Initial Monthly Payment
Total Repayable Over years
Go To Provider's Site
Maximum Loan to Value
Charges and Fees
Application Criteria
Flexible Features
Incentives
Revert Rates

Maximum Loan to Value

First Time Buyers
Second Time Buyers
Remortgage
Minimum Loan
Maximum Loan

Charges and Fees

Early Repayment Charge
Exit Fees

Application Criteria

Maximum Age
Minimum Income
Available To

Flexible Features

Underpayments
Overpayments
Payment Holidays
Draw Down
Lump Sum

Incentives

Revert Rate

first direct Logo
Rate
%
APRC
Product Fees
Initial Monthly Payment
Total Repayable Over years
Go To Provider's Site
Maximum Loan to Value
Charges and Fees
Application Criteria
Flexible Features
Incentives
Revert Rates

Maximum Loan to Value

First Time Buyers
Second Time Buyers
Remortgage
Minimum Loan
Maximum Loan

Charges and Fees

Early Repayment Charge
Exit Fees

Application Criteria

Maximum Age
Minimum Income
Available To

Flexible Features

Underpayments
Overpayments
Payment Holidays
Draw Down
Lump Sum

Incentives

Revert Rate

Leeds BS Logo
Rate
%
APRC
Product Fees
Initial Monthly Payment
Total Repayable Over years
Go To Provider's Site
Maximum Loan to Value
Charges and Fees
Application Criteria
Flexible Features
Incentives
Revert Rates

Maximum Loan to Value

First Time Buyers
Second Time Buyers
Remortgage
Minimum Loan
Maximum Loan

Charges and Fees

Early Repayment Charge
Exit Fees

Application Criteria

Maximum Age
Minimum Income
Available To

Flexible Features

Underpayments
Overpayments
Payment Holidays
Draw Down
Lump Sum

Incentives

Revert Rate

Representative Example

Disclaimer

Credit will be secured by a mortgage on your property. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Written quotations are available from individual lenders. Loans are subject to status and valuation and are not available to persons under the age of 18. All rates are subject to change without notice. Please check all rates and terms with your lender or financial adviser before undertaking any borrowing.

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Still not sure?

Read All Mortgage Guides
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Fixed rate mortgage guide

Find out how fixed rate mortgages work and their pros and cons.

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Should I choose a two-year fixed rate or three-year fixed rate mortgage?

Our guide to help you choose between a two and three-year fixed rate mortgage.

Read More
guide icon
Two-year fixed rate mortgage guide

An overview of two-year fixed rate mortgages

Read More
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Should I get a two-year or five-year fixed mortgage?

Some helpful thoughts if you are thinking about a two or five-year mortgage.

Read More

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Two-year fixed rate mortgage guide

Leanne Macardle

Leanne Macardle

Editor
Published: 29/01/2019

At a glance

  • Two-year fixed rate mortgages start at an initial interest rate that is fixed for two years, after which you move onto the mortgage provider's standard variable rate.
  • Your monthly repayments will stay the same for two years, even if the Bank of England base rate rises.
  • Shorter-term mortgages like this usually offer lower interest rates than three, five or 10-year fixed mortgages.
  • At the end of your two-year term, you can remortgage to another mortgage deal.
  • When choosing the right two-year fixed mortgage for you, make sure you consider the arrangement fees and later standard variable rates – the lowest initial rates may not always offer the best value.

What is a two-year fixed rate mortgage?

A two year fixed rate mortgage is, simply, a mortgage that keeps the same interest rate for the first two years that you have it, no matter how much the lender raises or lowers its rates of interest. After the initial period of two years, the interest you pay will transfer to your lender's standard variable rate (SVR). Fixed rate mortgages can last for a little as two or as much as 10 years, but on this page, we will be looking at mortgages two year mortgages only.

Should I fix my mortgage for two years?

If you fix your mortgage for 2 years then your monthly payments will not change for the duration of your two-year introductory term. Variable mortgage types can increase their rates any time, which will increase the amount you need to pay your lender. If you find a good rate on a two-year mortgage, you can commit to spending only the fixed amount for two years before your lender can change your rate. This can offer peace of mind since you don't need to worry about rising rates. However, if mortgage rates go down, you will still be required to pay the fixed amount you agreed with your lender!

Who is a two-year fixed rate mortgage for?

To put it simply, two year mortgages are most suitable to people who would find it hard or impossible to successfully make their mortgage payments their lenders rates were to increase within the next two years. Other fixed terms are available, from as little as two or three years, to as much as five or 10 years.

Advantages of a two-year fixed rate mortgage

A two-year fixed term gives the assurance your interest rate and monthly mortgage payment will not change for the next two years. Compared to longer term fixed products it allows you to reassess your mortgage sooner, whereas a five or 10 year mortgage would require you to wait for longer.

The risk with a longer-term fixed rate is that if mortgage rates drops, you could end up paying over the odds. In the current low-rate environment, this is not a large risk, but in this situation you may decide you want to change your mortgage before completing the initial fixed rate term to save money.

Disadvantages of a two-year fixed rate mortgage

A two-year fixed mortgage is generally the shortest term you can get a fixed rate mortgage. If you choose a longer fixed term, you will have a longer period of repayment security. As well as security, with a longer-term fixed rate you do not need to search for a new mortgage so frequently and pay the fees associated with a new mortgage, as you might do with a shorter-term fixed mortgage such as a two-year mortgage.

You can easily look for the right product for you by using our quick and easy mortgage search to access a fully comprehensive list of all mortgages.

Finding the best two-year fixed rate mortgage

If you've decided that a two-year term fixed rate mortgage is for you, there's still plenty of options to consider. Primarily;

The mortgage rate

This is determined by the size and value of the property, as well as your credit score and the size of your deposit. Generally, the more money you can put down for a deposit, the better your mortgage rate will be, since you present less of a risk to the lender.

Keep an eye out for fees! Some of the lower priced two-year fixed rate mortgage rates may look very appealing, but they can come with an expensive arrangement fee, which can sometimes undo any benefit you would enjoy from the lower rate.

Fees and other charges

As always, read the small print! Always sit down and work out how much you will be charged at the beginning of your mortgage, and when your mortgage ends. It's also worth discovering how much you will be charged if you must cancel - even if you never do it, it's better to be prepared. Work out the full cost of your mortgage including all fees when you compare.

Longer fixed rate periods

You may find that the introductory rate on a three-year fixed rate mortgage is higher than that of a two-year fixed rate mortgage, or if you choose a variable rate mortgage. Further you'll find the introductory rates on the five to 10-year mortgages are slightly higher still- you might consider this a small price to pay for the security of knowing what your mortgage rates are going to be for several years. Compare the best buy charts of these fixed rate mortgage and variable mortgages:

  • Three year fixed rate mortgages
  • Five+ year fixed rate mortgages
  • Variable rate and tracker mortgages

Pros and cons

  • Lower interest rates. Two-year fixed mortgages usually offer lower interest rates than their three-year and five-year counterparts.
  • Repayment security. You can budget reliably for the next two years knowing that your mortgage repayments won't change.
  • Ability to remortgage. You may ask: “What happens when my two-year fixed rate mortgage comes to an end?" At this point you can remortgage to another mortgage deal that suits your circumstances at the time.
  • Higher fees. Fixed rate mortgages often charge a higher arrangement fee and each time you remortgage you will incur the associated fees to do so, such as legal and conveyancing fees. So, make sure to take this into account when considering the best two-year fixed deals.
  • Payments stay the same. If interest rates fall during your fixed term, your payments won't change.

Moneyfacts tip

Moneyfacts tip Leanne Macardle

If you want a smaller monthly mortgage payment, it makes sense try to pay for any mortgages fees separately rather than add them to your mortgage loan.

dog sitting next to a box being unpacked

At a glance

  • Two-year fixed rate mortgages start at an initial interest rate that is fixed for two years, after which you move onto the mortgage provider's standard variable rate.
  • Your monthly repayments will stay the same for two years, even if the Bank of England base rate rises.
  • Shorter-term mortgages like this usually offer lower interest rates than three, five or 10-year fixed mortgages.
  • At the end of your two-year term, you can remortgage to another mortgage deal.
  • When choosing the right two-year fixed mortgage for you, make sure you consider the arrangement fees and later standard variable rates – the lowest initial rates may not always offer the best value.
Best 2 year fixed rate mortgages
Provider Rate APRC Max LTV
Halifax Logo Halifax Fixed 1.39% 3.8% 60%
Furness BS Logo Furness BS Fixed 1.39% 5.2% 60%
Furness BS Logo Furness BS Fixed 1.39% 5.2% 60%
Barclays Mortgage Logo Barclays Mortgage Fixed 1.44% 3.8% 60%

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