Millions of fixed-rate mortgages in the UK will come to an end before the general election

Cumulative number since BoE

began raising interest rates

4.4m

Dec 2024

4 million

3

2.8m

Dec 2023

2

2m

Jun 2023

(Bank rate 4.5%)

1

1.3m

Dec 2022

(Bank rate 3.5%)

(Bank rate

0.25%)

0

2022

2023

2024

Millions of fixed-rate mortgages in the UK will come to an end before the general election

Cumulative number since BoE began raising interest rates

4.4m

Dec 2024

4 million

3

2.8m

Dec 2023

2

2m

Jun 2023

(Bank rate 4.5%)

1

1.3m

Dec 2022

(Bank rate 3.5%)

(Bank rate

0.25%)

0

2022

2023

2024

Source: Bank of England, UK Finance. Note: number of fixed-rate homeowner mortgages expiring by year, cumulative since January 2022