Two-year fixed rates have continued their popularity push this week, with a variety of lenders cutting or introducing new mortgage rates.
Martin Richardson, Leeds Building Society’s general manager for business development, stated: “Two year fixed rate mortgages remain extremely popular with borrowers as they offer a degree of certainty about their monthly repayments in the short term.
“The current low interest rate environment is expected to be with us for perhaps 12 more months at least, which makes fixing your mortgage attractive while deals are so competitive.”
However, he added that uncertainty ahead of the forthcoming general election, combined with financial and political instability elsewhere, particularly in Europe, “may be making borrowers choose shorter-term fixes as they’re less willing to commit too far ahead into the future.”
Here are all the rates that were publicly announced this week:
| Lender | LTV/type | Headline rate | Product fee |
| Santander | 60%/2-year fixed | 1.89% (loyalty) | no fee |
| Santander | 60%/2-year fixed | 1.64% (loyalty) | £495 |
| Santander | 60%/2-year fixed | 1.39% | £1,495 |
| Santander | 60%/5-year fixed | 2.35% (loyalty) | £495 |
| Santander | 60%/5-year fixed | 2.35% | £995 |
| Skipton Building Society | 60%/5-year fixed (remortgage) | 4.09% | - |
| HSBC | 60%/5-year fixed | 2.39% | £999 |
| TSB Intermediary | 60%/10-year fix and flex | 3.14% | - |
| Accord | 60%/5-year fixed | 3.29% | £2,495 |
| Accord | 60%/2-year fixed | 2.84% | £195 |
| Accord | 60%/2-year fixed | 2.64% | £800 |
| Accord | 60%/3-year fixed | 2.89% | £800 |
| Leeds Building Society | 65%/2-year fixed | 1.74% | - |
| First Direct | 65%/3-year fixed | 1.89% | £1,450 |
| First Direct | 65%/5-year fixed | 2.28% | £1,450 |
| First Direct | 65%/10-year fixed | 2.89% | £950 |
| Accord | 65%/5-year fixed | 2.44% | £845 |
| Accord | 65%/5-year fixed | 2.54% | £345 |
| Accord | 65%/5-year fixed | 2.64% | £845 |
| Accord | 65%/5-year fixed | 2.74% | £345 |
| Santander | 70%/10-year fixed | 2.94% (loyalty) | £495 |
| Santander | 70%/10-year fixed | 2.94% | £995 |
| HSBC | 70%/2-year fixed | 2.29% | - |
| HSBC | 70%/2-year fixed | 1.79% | £999 |
| HSBC | 70%/2-year fixed | 1.64% | £1,499 |
| Skipton Building Society | 75%/2-year fixed (BTL) | 3.19% | £995 |
| Skipton Building Society | 75%/2-year fixed (BTL) | 3.68% | - |
| Skipton Building Society | 75%/3-year fixed (BTL) | 3.68% | £995 |
| Skipton Building Society | 75%/3-year fixed (remortgage) | 3.55% | £1,995 |
| Skipton Building Society | 75%/3-year fixed (remortgage) | 3.75% | £995 |
| Skipton Building Society | 75%/3-year fixed (remortgage) | 4.10% | - |
| Accord | 75%/5-year fixed | 4.04% | £195 |
| Accord | 75%/5-year fixed | 3.69% | £2,495 |
| Accord | 75%/5-year fixed | 3.24% | £800 |
| HSBC | 80%/2-year fixed | 2.69% | - |
| HSBC | 80%/2-year fixed | 2.19% | £999 |
| HSBC | 80%/2-year fixed | 1.99% | £1,499 |
| HSBC | 80%/5-year fixed | 3.89% | - |
| HSBC | 80%/5-year fixed | 3.39% | £999 |
| HSBC | 80%/5-year fixed | 3.09% | £1,499 |
| Nationwide | 80%/3-year fixed | 3.04% | - |
| Nationwide | 80%/3-year fixed | 2.74% (loyalty rate) | £999 |
| First Direct | 85%/2-year fixed | 2.49% | £950 |
| Nationwide | 90%/2-year tracker | 3.49% (new customers) | - |
| Nationwide | 90%/2-year tracker | 3.39% (existing customers) | - |
| Nationwide | 90%/3-year tracker | 3.59% (new customers) | - |
| Nationwide | 90%/3-year tracker | 3.49% (existing customers) | - |
| Nationwide | 90%/2-year tracker | 3.89% | - |
| Nationwide | 90%/5-year fixed | 4.34% (loyalty rate) | - |
| HSBC | 90%/2-year fixed | 3.89% | - |
| HSBC | 90%/2-year fixed | 3.39% | £999 |
| HSBC | 90%/2-year fixed | 3.19% | £1,499 |
| HSBC | 90%/2-year discount | 2.38% | £1,499 |
| HSBC | 90%/5-year fixed | 4.29% | £999 |
| HSBC | 90%/5-year fixed | 4.79% | - |
| HSBC | 90%/5-year fixed | 3.94% | £1,499 |
| Ipswich Building Society | 90%/2-year fixed | 3.59% | - |
| Santander | 90%/3-year fixed | 4.24% | - |
| HSBC | 95%/5-year fixed | 4.89% | £99 |
| HSBC | 95%/2-year fixed | 4.39% | £99 |
| Ipswich Building Society | 95%/2-year fixed | 5.15% | - |
| Ipswich Building Society | 95%/2-year fixed | 4.99% | - |
| Hodge Lifetime | Interest-only lifetime/5-year fixed | 4.39% | - |
peter.walker@ft.com
