# Around 971,000 five-year fixed mortgages are due to expire this year.

*fintech · news · 2026-04-09 · Daily Express*

## Key points

- Homeowners rolling off five-year fixed mortgages now face average monthly increases of £94.
- Nearly one million five-year fixed mortgages are set to expire in 2024, per FCA data.
- Recent global conflict involving Iran has triggered rapid mortgage repricing and deal withdrawals.
- Bank of England paused rate cuts in March 2024, holding the base rate at 3.75%.
- Borrowers can secure new mortgage rates up to six months before their current deal ends.

**Companies:** Connells Group, UK Finance, Bank of England, Quilter, SPF Private Clients
**Countries:** United Kingdom

[Read the full story on Daily Express](https://www.express.co.uk/finance/personalfinance/2192161/mortgage-misery-nearly-1m-households-hit)

---

Canonical: https://newsio.io/n/1cb6b261-dd25-4eca-b647-99d16c162092/around-971000-five-year-fixed-mortgages-are-due-to-expire-this-year
Summarized by Newsio from Daily Express. https://newsio.io/how-it-works