Should I Remortgage or Fix in 2025?
UK mortgage rates have settled around 4–5%. Here's how to decide between fix lengths and when a tracker beats a fix.
Mid-2025 UK mortgage market: 2-year fixes around 4.2–4.7%, 5-year fixes around 4.0–4.4%, base-rate trackers around 4.5–5.2%.
When a 5-year fix wins
You value certainty, plan to stay put, and the 5-year rate is at or below the 2-year. In mid-2025, that's currently true — markets expect rates to fall, so longer fixes price in some of that drop.
When a 2-year fix wins
You expect to move, have a fixable life event coming up (new job, kids, separation), or you specifically believe rates will fall faster than the market expects.
When a tracker wins
Trackers have no early-repayment charge most of the time — useful if you might overpay heavily or sell. They tend to cost slightly more in steady-rate periods but win if base rate falls fast.
Estimate your monthly mortgage payment based on property price, deposit, interest rate and term. Useful for both first-time buyers and remortgaging.
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