01/06/2026
Finally... some better news.
After months of uncertainty in the mortgage market, fixed rates have started to fall again.
According to the latest Moneyfacts data, the average two year fixed rate has dropped to 5.68%, while the average five year fixed rate has fallen to 5.63%.
More than a dozen lenders reduced fixed rates this week, which is a welcome change for borrowers who have been watching rates move in the wrong direction.
So what does this actually mean?
If you’re buying, it could mean slightly more choice and a little more breathing room with affordability.
If you’re remortgaging, it could mean some of the pressure has eased compared to a few weeks ago.
But does this mean you should wait for rates to fall further?
Not necessarily.
Rates may continue to fall, but nobody knows exactly what happens next.
That’s why the smartest approach is usually to secure a suitable rate when one becomes available, then keep reviewing your options before completion.
If something better comes along, great.
If rates rise again, you’re already protected.
The market is showing signs of cooling, but it’s still moving.
If you’re unsure whether to act now or wait, it’s worth speaking to our team who can help you understand what this means for your situation.
01942 235000
