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2 Year Fixed Rate Mortgages

Our Mortgage Service - Why choose us?

Special features of what we offer include:

  • Get the best 2 year fixed mortgage deals in the UK
  • Whole of market service - we work with most UK lenders
  • Access to leading market mortgage rates
  • Access to exclusive loan deals not available on high street
  • Fast turnaround - speak to us today if you need to move quickly
  • We have lenders who will take into account previous defaults and missed payments 
  • Looking to raise additional finance on top of your existing mortgage or buy to let mortgage? - we have access to a range of finance solutions 

2 year fixed rate mortgages

A 2 year fixed rate mortgage has an interest rate that is set at a defined level for a 2 year term. If a 2 year fixed rate mortgage sounds as if it may suit your requirements, there are many competitive mortgage offers available.

Comparing mortgage deals can enhance the likelihood that you will find a policy most suited to your needs, so use the FREE online mortgage calculator to search over 5,000 mortgages based on your personal circumstances. 

Advantages of 2 year fixed rate mortgages

There are several reasons why you might consider choosing a 2 year fixed rate mortgage. These include: 

  • Sense of security - A 2 year fixed-rate gives you peace of mind because you know exactly how much you'll pay for your monthly mortgage repayments. You know that, during the initial 2 year fixed period, your monthly mortgage repayments won't rise, even if the Bank of England Base Rate does.
  • Predictable costs - Your payments won't change over the two year period, and knowing that your repayments are fixed for a 2 year term can be useful when it comes to planning your finances. What’s more, if rates go up, your agreed rate will remain unaffected, potentially saving you money each month compared to people with variable or tracker mortgages. You can be comfortable in the knowledge that repayment will be the same each month
  • Short term commitment - If you are unhappy with a 2 year fixed rate mortgage you can change to different mortgage deal after the fixed rate has elapsed (bear in mind that exit fees or early repayment charges may apply in these circumstances) 

Disadvantages of 2 year fixed rate mortgages

A fixed rate mortgage may not always be the best option for you, depending on your circumstances. Therefore, it’s worth considering the following points before you lock yourself into a fixed rate mortgage deal: 

  • You may miss out on a more competitive interest rate - With a 2 year fixed rate mortgage you need to be mindful that if variable interest rates go down you will not benefit, and when the deal comes to an end, you automatically go onto your lender’s variable rate, which could add a considerable amount to your monthly repayment. With the Base Rate at an historic low at time of writing, this may not be as much of a concern for homebuyers as it has been in the past.
  • Possible penalty charges if you repay early – Most mortgage providers will charge you a penalty - known as an Early Repayment Charge (ERC) - if you want to move to a different mortgage deal before the end of the fixed term. For example, if you take out a fixed rate mortgage, repaying the loan early could involve a percentage of the loan amount being charged as a fee, on top of the amount you owe.

Post Office LogoGet a great 2 year fixed rate mortgage deal from The Post Office - More info... » 

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