{"id":1218,"date":"2025-02-26T09:15:09","date_gmt":"2025-02-26T09:15:09","guid":{"rendered":"https:\/\/clientnews.co.uk\/articles\/?p=1218"},"modified":"2025-02-26T11:28:39","modified_gmt":"2025-02-26T11:28:39","slug":"is-your-2-year-fixed-rate-coming-to-an-end-lets-see-if-you-could-get-a-better-deal","status":"publish","type":"post","link":"https:\/\/clientnews.co.uk\/articles\/1218","title":{"rendered":"Is Your 2-Year Fixed Rate Coming to an End? Let\u2019s See if You Could Get a Better Deal"},"content":{"rendered":"\n

If your two-year fixed mortgage is about to expire, you might potentially be in for some positive news. Back in early 2023, many borrowers locked into deals with interest rates as high as 6.86%, as the Bank of England battled stubborn inflation with relentless interest rate hikes1<\/sup>. Now, however, the tables have turned\u2014and you could be paying much less when you remortgage.<\/p>\n\n\n\n

The latest figures2<\/sup> show that the Bank of England cut its base rate to 4.5% in February 2025, marking a sharp drop from its peak of 5.25% last year. Lenders have responded swiftly, with big names like Santander and Halifax slashing their mortgage rates. In fact, Santander has just launched a 3.99% fixed-rate mortgage, the first sub-4% deal seen in months2<\/sup>.<\/p>\n\n\n\n

What\u2019s Happening to Mortgage Rates?<\/strong><\/p>\n\n\n\n

Mortgage rates are significantly lower than they were during some of the highly volatile periods of the last couple of years, but have bobbed up and down, as markets have been hesitant in how quickly they expect rates to come down, according to industry analysts.3<\/sup><\/p>\n\n\n\n

According to Moneyfacts4<\/sup>, the average two-year fixed rate peaked at 6.86% in 2023\u2014one of the highest levels in more than a decade. But as of February 2025, some of the best deals are now hovering between 4.13% and 4.23%, though this is still higher than the 2.25% average seen in 2021 when, interest rates were at historic lows5<\/sup>.<\/p>\n\n\n\n

Why Mortgage Advice Matters More Than Ever<\/strong><\/p>\n\n\n\n

Securing a mortgage deal isn\u2019t just about finding the lowest interest rate – it\u2019s about ensuring the mortgage works for your personal circumstances now and in the future. We\u2019re here to help find you the deals that match your needs, from a comprehensive panel of lenders across the marketplace.<\/p>\n\n\n\n

With such a wide range of lenders, and deals that fluctuate regularly, navigating the mortgage market alone can be overwhelming, so it\u2019s worth getting in touch so we can help you on the journey to find a deal that most closely fits your circumstances, and long-term goals.<\/p>\n\n\n\n

Protecting your Lifestyle<\/strong><\/p>\n\n\n\n

The advice doesn\u2019t just stop there. We\u2019re also passionate about keeping you and your family protected. Afterall, a mortgage is one of the biggest financial commitments you\u2019ll make, but what happens if something unexpected occurs? A home without protection is like buying a Ferrari without brakes – it looks great, but if something goes wrong, you\u2019re at serious risk.<\/p>\n\n\n\n

We can help you look at the fuller picture, including options for insurance and protection, so you and your family can remain financially secure, despite what life tries to throw your way.<\/p>\n\n\n\n

What Should You Do If You\u2019re Remortgaging?<\/strong><\/p>\n\n\n\n

If your current deal expires in the next six months, don\u2019t wait until the last minute. Many lenders allow borrowers to lock in a new rate now, which means you can secure today\u2019s lower rates while keeping an eye on further potential drops.<\/p>\n\n\n\n

Consider these steps:<\/p>\n\n\n\n