L&C: borrowers coming off 5-year fixes face near £5,000 annual remortgage payment rise (4 November 2026)

Created Nov 4, 2026 • AI-generated summary

L&C Mortgages analysis published 4 November 2026: borrowers coming off 5-year fixed rates face annual remortgage payment rises of almost £5,000 (£4,884/yr, £407/month on a £200,000 25-year repayment mortgage) as the average 5-year fixed remortgage rate among the ten leading lenders climbed from 1.30% (November 2021) to 5.16%. 2-year fixed remortgage rates average 5.13% vs 3.89% when Bank Rate last stood at 4% in August 2025; David Hollingworth attributes the gap to market expectations; 95% LTV 2-year fixes rose from 2.84% (2021) to 5.75%; tracker impact of a possible 0.25pp base rate rise calculated at £28/month. Membership limited to coverage of this specific L&C analysis.