Halcyon Mortgage Services Atherstone, Tamworth & Beyond
Recent Bank of England data shows a clear shift in the mortgage market — and it’s something we’re seeing first‑hand here at Halcyon Mortgage Services in Atherstone and Tamworth.
- 50% of new borrowers are now choosing two‑year fixed‑rate mortgages
- Only 35% are opting for five‑year fixed deals
Many homeowners and first‑time buyers are hoping that interest rates will continue to fall over the next couple of years, giving them the chance to remortgage onto a cheaper deal sooner. This is a big change from 2022, when rising rates pushed borrowers toward longer five‑year fixes for stability.
But shorter isn’t always better…
A longer-term fixed rate can still offer real value, especially with analysts predicting that mortgage rates may settle around 3.5% — not the ultra‑low levels we saw in 2021.
Lenders also price fixed rates based on expected Bank Rate cuts, meaning today’s deals may already reflect future reductions.
With so much uncertainty, choosing between a two‑year or five‑year fix can feel overwhelming. That’s where expert advice really matters.
At Halcyon Mortgage Services, we help clients across Atherstone, Tamworth, Nuneaton, Hinckley and beyond understand their options and secure the mortgage deal that truly fits their goals.
If you’re thinking about remortgaging, moving home, or reviewing your current rate, I’m here to guide you through every step.
Your home may be repossessed if you do not keep up repayments on your mortgage.
You may have to pay an early repayment charge to your existing lender if you remortgage.
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