From research it appears that there is a very large amount of borrowers coming off of 2 year fixed deals in the 2nd and 3rd quarter of 2009.

There is 2 ways of looking at this situation:

The fixed mortgage rate market is coming down every week and there should be some good news for borrowers.

There will be so many of these mortgages expiring, most without lock in's that there won't be enough to go around.

In our opinion anyone in this situation should move very fast to grab one of the currently available deals or indeed look to Remortgage to another provider a couple of months prior to their existing deal without extended ties coming to an end. All lenders have limited funds available now and base rates are likely to lift from their 160 year lows during the course of the year.

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