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UK Mortgage Rates Drop: Two-Year Fixed Hits 5.12%

6/12/2025

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Summary

Story summary

UK average two-year fixed mortgage rates decreased to 5.12%, and five-year rates to 5.09%, per Moneyfacts data.
The average shelf-life of mortgage products dropped to 17 days, the lowest since March 2025.
Total mortgage product options slightly declined to 6,843, still higher than last year.
Average two-year tracker rates fell below 5% for the first time since March 2023.

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Story summary

UK average two-year fixed mortgage rates decreased to 5.12%, and five-year rates to 5.09%, per Moneyfacts data.
The average shelf-life of mortgage products dropped to 17 days, the lowest since March 2025.
Total mortgage product options slightly declined to 6,843, still higher than last year.
Average two-year tracker rates fell below 5% for the first time since March 2023.