Information on mortgage data

Reference Case Number: FOI12157

Freedom of Information: Right to know request:

1. The number of residential mortgages with fixed rates that are due to expire this year (2025)? (split by 2, 5 and 10 year fixes)

   Number of fixed rate deals expiring in 2025
- Two-year fixed rate
- Five-year fixed rate
- Ten-year fixed rate
- Total

2. The average interest rate of the fixed rate deals expiring this year (2025)? (Split by 2, 5, and 10 year fixes)

   Average interest rate of fixed rate deals expiring in 2025
- Two-year fixed rate
- Five-year fixed rate
- Ten-year fixed rate
- Overall

3. The average interest rate of mortgages currently available in the market? (Split by mortgage type)

   Average interest rate (APR)
- Two-year fixed rate
- Five-year fixed rate
- Ten-year fixed rate
- Tracker Mortgage
- Interest Only
- Standard Variable Rate

FCA response:

Question 1

Table 1

	Number of fixed rate deals expected to expire in 2025 at time of sale
Two-year fixed rate	937,433
Five-year fixed rate	469,192
Ten-year fixed rate	13,589
Total	1,420,214

Source: FCA Product Sales Data (PSD001)

Based on 2-year fixed-rate mortgages arranged in 2023, 5-year fixed-rate mortgages arranged in 2020, 10-year fixed-rate mortgages arranged in 2015.

Note: PSD001 data set includes sales of internal product transfers from Q1 2021 onwards, i.e. data for 2-year fixed-rate sales includes internal product transfer sales, data for 5- and 10-year fixed-rate sales does not include internal product transfer sales.

Question 2

Table 2

	Average (mean) initial gross interest rate of fixed rate deals expected to expire in 2025 at time of sale
Two-year fixed rate	5.06%
Five-year fixed rate	2.11%
Ten-year fixed rate	3.31%
Overall	4.07%

Source: FCA Product Sales Data (PSD001)

Based on 2-year fixed rate mortgages arranged in 2023, 5-year fixed rate mortgages arranged in 2020, 10-year fixed rate mortgages arranged in 2015.

Note: PSD001 data set includes sales of internal product transfers from Q1 2021 onwards i.e. data for 2-year fixed rate sales includes internal product transfer sales, data for 5- and 10-year fixed rate sales does not include internal product transfer sales

Question 3

Regarding question 3, we do not hold the information requested.

Date of Release: 11/04/2025

Information on mortgage data - April 2025

Freedom of Information: Right to know request:

FCA response:

Question 1

Question 2

Question 3

More information

Data