The best UK two-year fixed-rate mortgages 2017

On the hunt for a short-term fixed rate mortgage? These are the cheapest two-year fixed rates to go for whatever your deposit size.

The best UK two-year fixed-rate mortgages

Since the Bank of England slashed its Base Rate to 0.25%, mortgages have been doing rather well.

Here, we'll look at the best of the shortest loan on the market - the two-year fixed rate deal.

Why go for a two-year deal?

Two-year fixed rate mortgages are a good bet if you're looking for manageable monthly repayments that are guaranteed for a short period.

They also tend to offer the most competitive rates compared to longer lasting five- and 10-year options and give you flexibility so you aren't tied down in the future when your plans might take an unexpected turn.

If you're interested in a two-year fixed rate mortgage we've rounded up the best rates to go for right now.

The best two-year fixed rate deals

Here are the best rates on two-year fixed rate mortgages compiled using the loveMONEY mortgage comparison tool for 60%-95% Loan to Value (LTV).


LenderLTVRateFeeERCs
Yorkshire Building Society60% 0.99% £1,495 2% in first year, then 1% until the end of fixed period.
Chelsea Building Society65%1.17%£1,6952% in first year, then 1% until the end of fixed period.
HSBC70%1.14%£7492% in first year, then 1% until the end of fixed period.
Yorkshire Building Society 75%1.24%£1,4952% in first year, then 1% until the end of fixed period.
HSBC80%1.29%£9952% in first year, then 1% until the end of fixed period.
First Direct85%1.44%£1,4503% in first year, then 2% until the end of fixed period.
Monmouthshire Building Society90%1.65%£9953% until the end of fixed period.
The Nottingham Building Society 95%2.99%£9992% in first year, then 1% until the end of fixed period

As you can see the rates on the top deals tend to command a hefty fee. So we've also picked out the best rates on two-years deals with a fee of under £500.

LenderLTVRateFeeERCs
Halifax60% 1.39%£2953% in first year, then 2% until the end of fixed period.
Norwich & Peterborough Building Society 65%1.44%£1952% in first year, then 1% until the end of fixed period.
Accord Mortgages70%1.47%£4952% in first year, then 1% until the end of fixed period.
Accord Mortgages75%1.47%£4952% in first year, then 1% until the end of fixed period.
Accord Mortgages80%1.56%£4952% in first year, then 1% until the end of fixed period.
Post Office Money85%1.77%£4953% in first year, then 2% until the end of fixed period.
Loughborough Building Society90%2.19%£02% until the end of fixed period.
Monmouthshire Building Society95%3.25%£03% until the end of fixed period.

Other options

A shorter fix will give you some peace of mind and a competitive rate.

However, the downside is that you will need to remortgage more often than with longer lasting deals, which means paying the associated costs and doing the paperwork again.

Most viewed property of the year

Most viewed property of the year