Second-time buyers dominate for longer term fixed mortgages

Adam French, Head of News & Communications 01603 476154 Email Adam

Second-time buyers dominate demand for longer term fixed mortgage deals

Second-time buyers are dominating demand for longer term fixed mortgage deals, fresh data from Moneyfacts Analyser can reveal.

Second-time buyers dominate demand for longer term fixed mortgage deals

Second-time buyers are dominating demand for longer term fixed mortgage deals, fresh data from Moneyfacts Analyser can reveal.

Of those looking for fixed term deals on moneyfactscompare.co.uk:

Almost two-thirds (58%) of second-time buyers who compared mortgage deals using the moneyfactscompare.co.uk website were considering terms of three years or longer in the 30 days to 1 October 2025.
In comparison, only around one in three homeowners seeking to remortgage (34%) and first-time buyers (31%) were comparing fixed deals longer than two years.
Overall, however, shorter term fixes are the most popular, with more than half (55%) of those comparing fixed term deals on moneyfactscompare.co.uk comparing fixed rate terms of two years or less.

Consumer demand for fixed rate mortgages by borrower type and term
Mortgage Term	First-time buyers	Second-time buyers	Remortgage	Total
Two-year fixed rate or less	69%	42%	66%	55%
Three-year fixed rate or more	31%	58%	34%	45%
Consumers comparing fixed term mortgage deals on moneyfactscompare.co.uk, 1 to 30 September 2025, by borrower type and term. Source: Moneyfacts Analyser

Of those looking for fixed term deals on moneyfactscompare.co.uk:

Almost two-thirds (58%) of second-time buyers who compared mortgage deals using the moneyfactscompare.co.uk website were considering terms of three years or longer in the 30 days to 1 October 2025.
In comparison, only around one in three homeowners seeking to remortgage (34%) and first-time buyers (31%) were comparing fixed deals longer than two years.
Overall, however, shorter term fixes are the most popular, with more than half (55%) of those comparing fixed term deals on moneyfactscompare.co.uk comparing fixed rate terms of two years or less.

Consumer demand for fixed rate mortgages by borrower type and term
Mortgage Term	First-time buyers	Second-time buyers	Remortgage	Total
Two-year fixed rate or less	69%	42%	66%	55%
Three-year fixed rate or more	31%	58%	34%	45%
Consumers comparing fixed term mortgage deals on moneyfactscompare.co.uk, 1 to 30 September 2025, by borrower type and term. Source: Moneyfacts Analyser

Adam French, Head of News at Moneyfactscompare.co.uk, said:

“Many second-time buyers may be making peace of mind a priority by seeking longer term mortgage deals despite the general expectation for rates to keep slowly falling in the short-to-medium term. Instead, they are prizing stability, predictability and protection from volatility – particularly if they have borrowed more and increased their exposure to unforeseen rate rises.

“The Moneyfacts average two- and five-year mortgage rates are currently at 4.98% and 5.02%, respectively. However, given that inflation is currently predicted to sit above the Bank of England’s 2% target until at least 2027 and that the cost of Government borrowing has been climbing, there are still plenty of economic challenges on the horizon which may influence mortgage rates and borrower behaviour in the future.”

Adam French, Head of News at Moneyfactscompare.co.uk, said:

Notes to editors

You are welcome to use part or all of this press release, so long as we are sufficiently sourced. We would appreciate a link back to Moneyfactscompare.co.uk.

Pioneering financial comparison technology for over 35 years, Moneyfacts Group plc is the UK’s leading provider of retail financial product data. Used by virtually every bank and building society in the UK, and supplied to the Bank of England, Financial Conduct Authority, Financial Ombudsman Service, HM Treasury, Prudential Regulatory Authority and UK Finance.

Our expert research team monitors the thousands of mortgages, savings, credit card, personal loan, banking, life, pension and investment products in the UK.

Moneyfactscompare.co.uk is the financial product price comparison site, launched as Moneyfacts.co.uk in 2000 and rebranded to Moneyfactscompare.co.uk in 2023, which helps consumers compare thousands of financial products, including credit cards, savings, mortgages and many more. Unlike other comparison sites, Moneyfactscompare.co.uk shows whole of market data regardless of commercial bias, showing consumers a true picture of the best products based on the criteria they select.

For more information about us please see our key facts.

Broadcast

Our broadcast suite enables our finance experts to appear in-vision for television, and we regularly comment live on national and regional radio.

To arrange an interview for radio or television, please contact our press department. We have an in-house broadcast room.

Notes to editors

You are welcome to use part or all of this press release, so long as we are sufficiently sourced. We would appreciate a link back to Moneyfactscompare.co.uk.

Our expert research team monitors the thousands of mortgages, savings, credit card, personal loan, banking, life, pension and investment products in the UK.

For more information about us please see our key facts.

Broadcast

Our broadcast suite enables our finance experts to appear in-vision for television, and we regularly comment live on national and regional radio.

To arrange an interview for radio or television, please contact our press department. We have an in-house broadcast room.

If you're looking for extra comment, a chart or more information, then please give us a call. We are always more than happy to help.

Adam French Head of News & Communications

01603 476154

Email Adam

Rachel Springall Press Officer / Finance Expert

01603 476210

Email Rachel

Caitlyn Eastell Press & PR Executive