The price of a £250,000 two-year fixed-rate mortgage over 25 years has been calculated to have spiked by £788. Buyers taking out a new mortgage, as well as homeowners with a fixed-rate mortgage due to refresh, will be hit by the hikes. The 5.28 percent figure applies to two-year fixed rates, while five-year fixed rates have jumped from 4.95 percent to 5.32 percent. On Tuesday morning, it counted just nine fixed-rate deals with rates below four percent - nosediving from a count of 490 deals on March 9. Across the mortgage market generally, there were 689 fewer products on Tuesday morning, compared with March 9.

Source: Daily Mail March 18, 2026 14:38 UTC