With a 2 year fixed mortgage your interest rate and your monthly repayments stay the same for 2 years.

To find the best fixed rate mortgage deal for 2 years, use this comparison to check:

  • The loan to value (LTV): This is the percentage of your property's value that you borrow with a mortgage. The lower the LTV, the better the rates tend to be.

  • The initial rate: This is the interest rate you pay when you apply for a mortgage deal. Most of the mortgage rates in this comparison have an initial period of 2 years.

  • Fees and charges: You may get charged for taking out a mortgage deal. Some lenders let you add the fees to your mortgage balance rather than paying for them upfront.

Consider any charges or fees when looking for the cheapest mortgage deal, rather than just looking for the lowest initial rate for 2 years.

If you want a fixed rate for longer than 2 years, compare all fixed rate mortgages here.

What happens after the fixed rate ends?

You will have the following options:

  • Do nothing and automatically move to your lender's standard variable rate (SVR)

  • Switch to another mortgage deal with your lender

  • Remortgage by switching your mortgage to another lender

Whichever you choose, make sure you get the lowest rate you can find, and watch out for any charges for applying for a new deal.

2 year fixed rate mortgages FAQs

Q

Can I pay off my mortgage before the 2 deal ends?

A

Yes, but your lender may charge you for this. You usually get charged if you repay or switch your mortgage before the fixed rate ends.

Q

What is the longest fixed rate mortgage I can get?

A

You can currently find up to 10 year fixed rate mortgage deals, but whether you can get them will depend on if you meet the provider's lending criteria.

Q

Are fixed rate deals the best for mortgages?

A

It depends on your circumstances. Find out the difference between each mortgage type so you can choose the best mortgage rate for you.

Q

Can I get a 2 year fixed buy to let mortgage?

Q

Do you always have to pay a fee when you apply for a mortgage?

A

No, some lenders offer mortgages with no fees, but the interest rate may be higher as a result.

Q

Can I get a 2 year fixed mortgage without fees?

A

Yes, but the rate may not be as low as others that charge a fee. Check the total cost of the mortgage over the 2 years to find the cheapest deal.

About our mortgage comparison

Q

Who do we include in this comparison?

A

We include every mortgage in the UK you can apply for directly from the lender. They are all from lenders regulated by the Financial Conduct Authority. Here is more information about how our website works.

Q

How do we make money from our comparison?

A

We have commercial agreements with some of the companies in this comparison and get paid commission if we help you take out one of their products or services. Find out more here.

You do not pay any extra and the deal you get is not affected.