05/12/2025
📉 First-Time Buyers Are Snapping Up 2-Year Fixed Mortgages — Here’s What It Means for You
New research from Moneyfactscompare shows a clear trend:
🔹 53% of all borrowers looked at 2-year fixed deals in November
🔹 For first-time buyers, that jumped to 70%
🔹 Why? → Two-year deals have recently become cheaper than five-year options and offer more flexibility
With average rates now around 4.86% for 2-year fixes (lower than many 5-year deals), many buyers are choosing to keep their options open—especially with expectations that interest rates may continue falling.
But the story is different for people moving to their second home or upsizing:
🔹 45% of second-steppers are choosing 5-year fixed rates or longer
🔹 They value stability, predictable payments and long-term protection against potential rate swings
🔹 Even 10-year fixed deals are getting attention from some borrowers
🏡 How This Affects You — And How IMB Can Help
Whether you're a first-time buyer, moving home, investing, or remortgaging, choosing the right mortgage term is more important than ever. At Independent Mortgage Brokers (IMB), we help you:
✅ Understand which fixed rate term suits your budget & future plans
✅ Compare deals across the whole market — including specialist lenders
✅ Secure options for adverse credit, self-employed, investors, and complex cases
✅ Avoid costly mistakes and get a strategy that fits your long-term goals
✅ Lock in rates at the right time — or keep flexibility if rate cuts are expected
You don’t have to make this decision alone.
📞 0333 210 0082
🌐 imbonline.co.uk
📍 Based in Leeds — helping clients across the UK
