23/10/2026
Other than the obvious length of fixed rate, there are a few key differences between 2 and 5 year fixed rates which may impact your decision on which offering you go for.
The interest rate of a 2 and 5 year have become more similar in recent years, with sometimes the 5 year rates, being lower than 2 years, however it's all about the rate
2 year fixed rates are perfect for short term commitment, whether that be you are planning to move, or make significant changes to your situation, being on a 2 year fixed can allow you the flexibility to make changes without the penalty charges, as waiting for a 2 year fixed to end is much easier than waiting on your 5!
That being said, 5 year fixed rates can help you beat those remortgage woes, the thought of remortgaging every 2 years is enough to fill many with dread, and having 5 years without remortgaging is great for many
If you're unsure on which deal is right for you, we'll talk you through your options so you can make an informed decision 🤩
(Think carefully before securing debt against your home. Your property maybe repossessed if you do not keep up repayments on your mortgage.)
