Reference Case Number: FOI2025/01093
Freedom of Information: Right to know request:
1. I would like to know the number of mortgage borrowers with five-year fixes whose rates will be up for renewal in 2026.
2. Please could you separate out homeowner mortgages, buy-to-let mortgages, and commercial mortgages?
If commercial mortgage information is not available, please just focus on homeowner mortgages and buy-to-let mortgages.
FCA response:
The requested information is below.
During the 2021 calendar year, a total of 971,105 five-year fixed-rate regulated mortgages were opened and are therefore expected to roll off their incentivised rates during 2026 (source: FCA Product Sales Data PSD001).
Notes:
- The above figure represents the maximum number of five-year fixed-rate mortgages that will roll off their incentivised rates during 2026; it does not take into account any such mortgages that may have been closed (e.g. paid off early) prior to 2026.
- The above figure is based on mortgage products rather than mortgage borrowers, i.e. it does not take account of whether mortgages were arranged by one or more borrowers.
- Product sales data covers regulated mortgages only; these typically comprise loans made to individuals to enable the individual to buy homes for themselves where the loan is secured on those homes, i.e. owner-occupier mortgages.
- Sales due to internal product transfers are included in Product Sales Data (PSD001) from Q2 2021 onwards.
- Buy-to-let and commercial mortgages are unregulated products, for which the FCA does not collect equivalent data.