Home Mortgages 2 Year Fixed Rate
Start comparing mortgages rates at Moneyfactscompare.co.uk today. If you are unsure on what the best rates are, simply check and compare the Best 2-Year Fixed Rates available today.
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Best 2 Year Fixed Rate Mortgages
Best 2 Year Fixed Rate Mortgages
We found 1111 products in total, of which 37 have links to providers.
Selecting ‘Provider Links First’ brings all products that you can apply for directly via Moneyfacts to the top of the chart in rate order. Products that do not have an ‘Go To Provider's Site’ button will appear below, again in rate order. Selecting an option from the drop-down will change the chart to list all products in order depending on the option you have selected, with the best rate being at the top. Products that have ‘Go To Provider's Site’ links will still be in the list but in rate position. Selecting ‘Favourites First’ will bring your chosen products to the top of the chart in rate order with those with Provider Links shown first.
Years
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Nationwide BS Fixed
Rate
4.15%
4.15% Fixed for 2 years
reverting to 7.74%
APRC
7.3%
Max LTV
60%
Product Fees
£999.00
Initial Payment
£1,340.39
Total Over
-
Yorkshire Building Society Fixed
Rate
4.24%
4.24% Fixed to 31/01/2027
reverting to 6.74%
APRC
7.1%
Max LTV
60%
Product Fees
£1,495.00
Initial Payment
£1,352.95
Total Over
-
first direct Fixed
Rate
4.29%
4.29% Fixed for 2 years
reverting to 6.99%
APRC
6.7%
Max LTV
60%
Product Fees
£490.00
Initial Payment
£1,359.95
Total Over
-
Yorkshire Building Society Fixed
Rate
4.32%
4.32% Fixed to 31/01/2027
reverting to 6.74%
APRC
7.1%
Max LTV
75%
Product Fees
£1,495.00
Initial Payment
£1,364.16
Total Over
-
Yorkshire Building Society Fixed
Rate
4.39%
4.39% Fixed to 31/01/2027
reverting to 6.74%
APRC
7.1%
Max LTV
60%
Product Fees
£495.00
Initial Payment
£1,374.02
Total Over
-
Nationwide BS Fixed
Rate
4.39%
4.39% Fixed for 2 years
reverting to 7.74%
APRC
7.3%
Max LTV
60%
Product Fees
£0.00
Initial Payment
£1,374.02
Total Over
-
Yorkshire Building Society Fixed
Rate
4.49%
4.49% Fixed to 31/01/2027
reverting to 6.74%
APRC
7.1%
Max LTV
60%
Product Fees
£0.00
Initial Payment
£1,388.16
Total Over
-
Yorkshire Building Society Fixed
Rate
4.49%
4.49% Fixed to 31/01/2027
reverting to 6.74%
APRC
7.1%
Max LTV
75%
Product Fees
£495.00
Initial Payment
£1,388.16
Total Over
-
Yorkshire Building Society Fixed
Rate
4.49%
4.49% Fixed to 31/01/2027
reverting to 6.74%
APRC
7.2%
Max LTV
80%
Product Fees
£1,495.00
Initial Payment
£1,388.16
Total Over
-
first direct Fixed
Rate
4.54%
4.54% Fixed for 2 years
reverting to 6.99%
APRC
6.7%
Max LTV
60%
Product Fees
£0.00
Initial Payment
£1,395.26
Total Over
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It’s easier than you think
The friendly mortgage advisers at Mortgage Advice Bureau can help get you on the property ladder. We can help you save for a deposit, get an Agreement in Principle and advise on the most affordable mortgage that fits your needs. Your home may be repossessed if you do not keep up repayments on your mortgage.
Representative Example
Note
Mortgage Advice Bureau offers fee free mortgage advice for Moneyfacts visitors that call on 0808 149 9177 or email moneyfacts@mab.org.uk. If you contact Mortgage Advice Bureau outside of these channels you may incur a fee of up to 1%.
Any contractual relationship will be with Mortgage Advice Bureau.
Disclaimer
Credit will be secured by a mortgage on your property. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Written quotations are available from individual lenders. Loans are subject to status and valuation and are not available to persons under the age of 18. All rates are subject to change without notice. Please check all rates and terms with your lender or financial adviser before undertaking any borrowing.
Provider Links
‘Go To Provider's Site’ links are where we have an arrangement with a provider so you can move directly from our site to theirs to view more information and apply for a product. We also use ‘Speak to A Broker’ links where we have an arrangement with a preferred broker to move you directly to their site. Depending on the arrangement we may receive a modest commission either when you press a 'Go To Provider's Site' or 'Speak To A Broker' button, when you call an advertised number or when you complete an application following a link from our website.
Favourites
By clicking the heart icon next to each product will mark that product as a favourite. A product will be remembered as a favourite until you deselect it or for 14 days (assuming you have functional cookies enabled). There is an option to sort by ‘Favourites First’ which will bring your favourites to the top of the chart.
2 year fixed rate mortgages explained
A two year fixed rate mortgage is a mortgage that keeps the same interest rate for the first two years that you have it, no matter how much the lender raises or lowers its rates of interest. After two years, the interest you pay will transfer to your lender's standard variable rate (SVR).
Should I fix my mortgage for two years?
If you fix your mortgage for 2 years then your monthly payments will not change for the duration of your two-year introductory term. Variable mortgage types can increase their rates any time, which will increase the amount you need to pay your lender. If you find a good rate on a two-year mortgage, you can commit to spending only the fixed amount for two years before your lender can change your rate. This can offer peace of mind since you don't need to worry about rising rates. However, if mortgage rates go down, you will still be required to pay the fixed amount you agreed with your lender!
Advantages of a two-year fixed rate mortgage
A two year fixed term gives the assurance your interest rate and monthly mortgage payment will not change for the next two years. Compared to longer term fixed products it allows you to reassess your mortgage sooner, whereas a five year mortgage or a ten year mortgage would require you to wait for longer.
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Finding the best two year fixed rate mortgage
If you've decided that a two-year term fixed rate mortgage is for you, there's still plenty of options to consider. Primarily; the mortgage rate. This is determined by the size and value of the property, as well as your credit score and the size of your deposit. Generally, the more money you can put down for a deposit, the better your mortgage rate will be, since you present less of a risk to the lender.
Keep an eye out for fees! Some of the lower priced two-year fixed rate mortgage rates may look very appealing, but they can come with an expensive arrangement fee, which can sometimes undo any benefit you would enjoy from the lower rate.
Fees and other charges. As always, read the small print! Always sit down and work out how much you will be charged at the beginning of your mortgage, and when your mortgage ends. It's also worth discovering how much you will be charged if you must cancel - even if you never do it, it's better to be prepared. Work out the full cost of your mortgageincludingall fees when you compare.
Should I speak to a mortgage broker?
Mortgage brokers remove a lot of the paperwork and hassle of getting a mortgage, as well as helping you access exclusive products and rates that aren’t available to the public. Mortgage brokers are regulated by the Financial Conduct Authority (FCA) and are required to pass specific qualifications before they can give you advice.
Speak to an award-winning mortgage broker today
MAB is the preferred mortgage broker of MoneyfactsCompare
Get friendly, expert advice free of charge as a visitor of MoneyfactsCompare
Mortgage Advice Bureau have 1,600 UK advisers with 200 awards between them.
Speak to an award-winning mortgage broker today.
Call 0808 149 9177 or request a callback
Mortgage Advice Bureau offers fee free mortgage advice for MoneyfactsCompare visitors that call on 0808 149 9177. If you contact Mortgage Advice Bureau outside of these channels you may incur a fee of up to 1%. Lines are open Monday to Friday 8am to 8pm and Saturday 9am to 1pm excluding bank holidays. Calls may be recorded.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Pros and cons
- Lower interest rates. Two-year fixed mortgages usually offer lower interest rates than their three-year and five-year counterparts.
- Repayment security. You can budget reliably for the next two years knowing that your mortgage repayments won't change.
- Ability to remortgage. You may ask: “What happens when my two-year fixed rate mortgage comes to an end?" At this point you can remortgage to another mortgage deal that suits your circ*mstances at the time.
- Higher fees. Fixed rate mortgages often charge a higher arrangement fee and each time you remortgage you will incur the associated fees to do so, such as legal and conveyancing fees. So, make sure to take this into account when considering the best two-year fixed deals.
- Payments stay the same.If interest rates fall during your fixed term, your payments won't change.
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