09/03/2026
Should You Fix Your Mortgage for 1 or 2 Years?
It’s one of the most common questions people ask when their mortgage is coming up for refixing:
Should I fix for one year or two or even 3 or 5?
The honest answer is that there isn’t a single “right” option. It usually depends on what’s happening in the interest rate environment and what’s going on in your own life.
Fixing for 1 year can offer more flexibility. If rates drop further, you may be able to refix sooner at a lower rate. This option suits people who think rates might ease or who prefer not to lock in for too long.
Fixing for 2 years offers more certainty. Your repayments stay the same for longer, which can make budgeting easier and remove some of the worry about rates moving up again in the short term.
Some homeowners also choose to split their mortgage, fixing part for one year and part for two. This spreads the risk and gives a balance between flexibility and certainty.
The key thing to remember is that interest rates are only one part of the decision. Your income, future plans, comfort with risk, and overall budget all matter just as much.
Need help: Book a free no pressure call https://calendly.com/rohit-mortgage-adviser/30min
