Best mortgage rates · Residential · July 2026

    Today’s best 2-year fixed rates, the UK’s default short fix.

    The lowest 2-year fixes available right now — purchase or remortgage, every deposit size, drawn from 40+ lender product books and re-ranked every night.

    40+ lender product books Fee & no-fee best buys No signup, no credit check Refreshed nightly
    Refreshed nightly — rates as of 13 July 2026
    Loan to valueLTV = loan ÷ property value. A £50k deposit on a £250k home is 80% LTV.
    LenderInitial rateMonthlyFixed untilThenProduct fee
    1
    S
    Skipton BSBest rate
    3.24%£1,217on £250,000Oct 20286.29%NoneSee full deal →
    2
    H
    Halifax
    4.27%£1,357on £250,000Sept 20287.24%£999See full deal →
    3
    L
    Lloyds Bank
    4.27%£1,357on £250,000Sept 20287.24%£999See full deal →
    4
    H
    Halifax
    4.27%£1,357on £250,000Sept 2028£999See full deal →
    5
    L
    Lloyds Bank
    4.27%£1,357on £250,0002 yrs7.24%£999See full deal →

    Monthly payments illustrated on a £250,000 repayment mortgage over 25 years; fees not added to the loan. Rates shown are for comparison — full lender criteria apply.

    Two-year fixes are the UK’s most-shopped mortgage term, and for straightforward reasons: they consistently attract the keenest headline rates in the fixed market, and they expire quickly enough to feel manageable. The trade-off is the remortgage treadmill. Every two years you face the same process again — application, valuation, solicitor for remortgage, product fee — and those costs accumulate. Over a 25-year repayment mortgage the total friction of twelve back-to-back 2-year fixes adds up materially, even before accounting for any periods where you sit on the follow-on rate.

    Two-year fixes suit borrowers with a genuine reason to expect change. If you’re planning to move, overpay substantially, or believe your circumstances will shift within a couple of years, the short commitment is a feature rather than a cost. They also suit those who want to re-shop frequently and have the appetite for the admin. For everyone else, the certainty maths for a 5-year fix is worth running before defaulting to the shorter term purely on rate.

    We ingest the data ourselves

    Most comparison tables license the same third-party panel. We build ours directly from lender product data, run through our own quality-assurance pipeline — so we sometimes list deals other sites miss.

    Refreshed every night

    Every product, every lender, re-ranked nightly. No manually maintained best-buy lists, no stale screenshots of last week's market.

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    Frequently asked questions

    How these tables work, and how to choose between the deals on them.

    01How much does remortgaging every two years actually cost?
    The visible costs are a product fee (commonly £995–£1,499 on a fee-bearing deal), a valuation (often free on remortgage products), and conveyancing (£300–£700 even when a free legal incentive covers the basics). Less visible is the time you spend on the follow-on rate if your timing slips. Over a decade of 2-year cycles those costs can comfortably exceed the savings a lower 2-year rate generated in the first place.
    02Can I lock a new deal before my 2-year fix ends?
    Yes — most lenders allow you to reserve a new rate up to six months before your current deal expires, with no obligation to proceed if you change your mind. That means at month 18 of a 2-year fix you can already be comparing and reserving. Doing so protects you against rates rising in your final months and avoids any gap where you’d sit on the follow-on rate.
    03Are 2-year fixes portable if I want to move house?
    Most are, yes. Portability lets you carry the existing rate to a new property rather than pay the early repayment charge, though you’ll need to reapply and be reapproved — the port isn’t automatic. Any top-up borrowing you need on the new purchase will be at whatever rate the lender offers at that point, blended with the ported portion. Check the product terms before assuming portability applies.
    04What are the early repayment charges on a 2-year fix?
    ERC structures on 2-year fixes tend to be simpler than on longer terms: typically 2% of the outstanding balance in year one and 1% in year two, though this varies by lender. The penalty-free overpayment allowance — usually 10% of the balance per year — is separate from this. If you’re planning to overpay heavily, check whether the overpayment allowance is enough before fixing.
    05When does a 2-year fix beat a 5-year fix on total cost?
    A 2-year fix comes out ahead if the rate on your next deal (at year two) is low enough to compensate for the remortgage costs and the certainty premium you paid on the 5-year. There’s no reliable way to predict that in advance. The honest calculation is to price both scenarios using today’s no-fee deals and ask what future rate the 2-year cycle would need to beat for the shorter fix to win overall.

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    Important: The information and tools provided on this website are for informational purposes only and do not constitute financial advice. Whilst every effort has been taken to ensure accuracy, you should seek independent financial advice to ensure your specific circumstances are fully taken into account before committing to any course of action.

    Rates and product terms can change at any time — always verify with the lender before applying. Our calculators provide estimates based on the inputs you give and modelling assumptions; actual lender decisions and figures may differ. Some content on this site, including property and area summaries, is generated with the help of AI and may contain errors — please verify anything material. We link to lender, broker and third-party websites we don't control and aren't responsible for their content.

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