Mortgage advisors urge borrowers not to second-guess future rates

April 12, 2026 by Brendan O'Neill

Mortgage Advisors

Mortgage advisors are issuing a warning to borrowers not to second-guess future rates, in the wake of news that five-year fixes are now lower than two-year deals.

Rates for five-year fixed mortgage deals are usually higher than those for two-year fixed loans, but this is not currently the case. This is already having an impact on the decisions being made by borrowers, but some advisors are concerned about this. They feel borrowers do not fully understand what is happening and may make rash choices as a result of that.

When five-year fixed mortgage rates fall below those of two-year fixes, it is generally regarded as a signal that lenders anticipate lowering their rates in the future. Amar Dhanota works for London FS as a senior mortgage consultant and she pointed out this it is only a sign – not a guarantee.

She then added some people are opting for higher two-year fixed rates because they are second-guessing the situation and expecting rates to fall within this timeframe. Dhanota warned that matters are not guaranteed to work out this way, telling Mortgage Introducer:

“My advice is it’s better to secure a suitable option now, and then we continue to review. This way they have a worst case option locked in, and then if the rates move down, we can switch the rate and also still compare the two and five year deals.”

Having the guidance of an advisor with the CeMAP qualification is particularly important when the market is as volatile as it is right now.