NJ Financial Consultancy Limited

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💡 What are swap rates… and why do they matter for your mortgage?

If you’re looking at a fixed-rate mortgage, you’ve probably heard people mention swap rates. But what are they?

Think of swap rates as the price lenders pay to secure fixed-rate money. When swap rates go up, it usually becomes more expensive for lenders to offer fixed-rate mortgages. When they fall, fixed mortgage rates often become cheaper too.

📊 Current market snapshot:
• 2-year swap rate: around 3.9%
• 5-year swap rate: around 4.0%

The good news? Swap rates have eased slightly in recent weeks, and many lenders have already started reducing their fixed mortgage rates. While there’s no guarantee they’ll continue to fall, the current trend is encouraging for anyone looking to buy or remortgage.

🏡 If you’re wondering whether now is the right time to fix your rate, get in touch—we’re here to help you understand your options.

Maeva’s only 3 weeks into the job and she’s already wondering why so many Mummy’s & Daddy’s still don’t have life insurance… 👀

Don’t leave it until it’s too late.

Our team has grown again! Introducing junior protection advisor Maeva Grace Forbes enrolled on the 06/06/2026 we look forward to sharing her career with you all ❤️

IT’S COMING HOME!