2 year or 5 year fix 2026: the maths on a £360,000 home
At September 2026 average rates, a five-year fix costs only about £10 a month more than a two-year fix on a £324,000 loan, so the headline rate is not the real decision. The bigger risks are rolling onto a 7.13% standard variable rate and remortgaging at a worse loan-to-value in areas like LU7, where median sold prices fell 3.9% in the year to July 2026.
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