More than one million homeowners come off two-year fixes this year, facing £283 a month more on standard variable rates
Compare the Market found 1,095,905 homeowners who fixed in 2024 at an average 4.81% reach the end of their deals this year. Rolling onto the average 7.13% standard variable rate would lift repayments on a £200,250 balance from £1,149 to £1,432 a month. Remortgaging near the 4.79% average two-year fix removes most of that gap. For sellers, that payment shock is one reason some homes reach the market this autumn; these are averages, not individual quotes.
What this means for…
Buyers· 1/3
Sellers· 2/3
Wider market· 2/3
Each axis scored 1 (minor) to 3 (major). Total 5/9.
More Rates commentary
15 Oct 2026 · Impact 4/9
Barclays raises six fixed rates by up to 22bps, mostly for existing customers, while trimming 90% LTV purchase fixes by up to 10bps
14 Oct 2026 · Impact 5/9
NatWest and HSBC cut selected fixed mortgage rates from 15 October, with NatWest's 90% LTV five-year fix down to 5.39%
8 Oct 2026 · Impact 5/9
Yorkshire Building Society cuts five-year 95% LTV purchase rate by 0.50 points to 5.79%
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