Demand for advisors as fixed rate deals run out

September 16, 2025 by Brendan O'Neill

Mortgage Advisors

News

Surveys and Statistics

Demand for professional mortgage advice is expected to rise between now and the end of the year, as hundreds of thousands of fixed rate mortgages come to an end.

New research that has been published by Nous, a platform for money management, shows that over 350,000 fixed five-year deals will end over the winter. Most of those represent fixed rate deals that were agreed between late 2020 and early 2023 – at a time of very low interest rates. When those deals do end, it will leave people facing steep rises in their mortgage repayments, which will have many turning to advisors for help.

Almost 50% of the mortgages that were agreed throughout that two-and-a-half-year period were fixed five-year ones. Borrowers who were on those deals were unaffected by the rises in rates that hit the market in 2023, but that will not be the case this time. In 2020, the average fixed five-year rate was 1.88%, whereas now it is roughly 5%.

This means that someone with a mortgage of £200,000 could see their monthly payments go up by £333. Over the course of a year, it would add up to an additional £3,996. This will be a big financial shock to people in the midst of a cost-of-living crisis.

According to Mortgage Introducer, Mark Harris from SPF Private Clients said:

“Clients’ situations are increasingly complex, and borrowers cannot afford to get it wrong. Obtaining advice provides borrowers with a level of protection against that.”

This could certainly be a busy winter for advisors with the CeMAP qualification.