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Evening Standard
Evening Standard
Vicky Shaw

Mortgage costs ‘shock’ for borrowers as nearly 1m five-year deals end soon

CompareMarket FCA LC Mortgages

Nearly one million five-year mortgages could be up for renewal in 2026, with many homeowners likely to have previously locked into ultra-low rates, according to a comparison website.

In 2021, a total of 971,105 five-year fixed-rate regulated mortgage products were opened, according to data obtained from the Financial Conduct Authority (FCA) following a freedom of information (FOI) request on behalf of Compare the Market.

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