UK average mortgage rates
Average rates quoted by UK banks and building societies for new fixed-rate mortgages at 75% loan to value, published monthly by the Bank of England.
2-year fixed (75% LTV)
5.13%
Data for: September 30, 2026
Previous: 4.92% (August 31, 2026)
5-year fixed (75% LTV)
4.98%
Data for: September 30, 2026
Previous: 4.78% (August 31, 2026)
Revert-to rate (SVR)
6.58%
Data for: September 30, 2026
Previous: 6.58% (August 31, 2026)
What it is
These are the average interest rates lenders advertise for new mortgages, weighted across the market. The revert-to rate is the variable rate a mortgage moves to when the fixed deal ends.
Why it matters
They show what a typical borrower with a 25% deposit would be offered and how fixed rates respond to Bank Rate and swap rates. Remortgaging before the fix ends avoids the much higher revert-to rate.
Recent history
| Date | 2-year fixed (75% LTV) | 3-year fixed (75% LTV) | 5-year fixed (75% LTV) | Revert-to rate (SVR) |
|---|---|---|---|---|
| September 30, 2026 | 5.13% | 4.93% | 4.98% | 6.58% |
| August 31, 2026 | 4.92% | 4.77% | 4.78% | 6.58% |
| July 31, 2026 | 4.79% | 4.66% | 4.58% | 6.58% |
| June 30, 2026 | 4.80% | 4.78% | 4.62% | 6.58% |
| May 31, 2026 | 4.91% | 4.89% | 4.77% | 6.58% |
| April 30, 2026 | 5.14% | 4.97% | 4.96% | 6.58% |
| March 31, 2026 | 4.45% | 4.36% | 4.42% | 6.60% |
| February 28, 2026 | 3.97% | 3.93% | 4.00% | 6.59% |
| January 31, 2026 | 3.93% | 3.93% | 3.94% | 6.62% |
| December 31, 2025 | 3.97% | 3.99% | 3.99% | 6.77% |
| November 30, 2025 | 4.06% | 4.02% | 4.06% | 6.82% |
| October 31, 2025 | 4.20% | 4.19% | 4.17% | 6.81% |
| September 30, 2025 | 4.19% | 4.18% | 4.16% | 6.80% |
| August 31, 2025 | 4.10% | 4.10% | 4.11% | 6.89% |
| July 31, 2025 | 4.21% | 4.18% | 4.15% | 6.99% |
| June 30, 2025 | 4.28% | 4.28% | 4.26% | 6.98% |
| May 31, 2025 | 4.18% | 4.27% | 4.19% | 7.08% |
| April 30, 2025 | 4.42% | 4.34% | 4.29% | 7.19% |
| March 31, 2025 | 4.54% | 4.38% | 4.32% | 7.24% |
| February 28, 2025 | 4.65% | 4.49% | 4.38% | 7.35% |
| January 31, 2025 | 4.63% | 4.50% | 4.37% | 7.48% |
| December 31, 2024 | 4.60% | 4.48% | 4.37% | 7.47% |
| November 30, 2024 | 4.53% | 4.44% | 4.29% | 7.56% |
| October 31, 2024 | 4.40% | 4.28% | 4.06% | 7.68% |
How to read
Latest: 5.13%
Where it comes from
Bank of England Database, quoted household interest rates (IUMBV34, IUMBV37, IUMBV42, IUMTLMV)
Careful
Information, not advice
What to do
Compare with the related indicators
Reading the uk average mortgage rates figure
What the latest uk average mortgage rates reading says
The most recent value on this page is 5.13%, for September 30, 2026. Against the previous reading of 4.92%, that is +0.21% — a move up. Monthly, early in the following month is how often Bank of England Database, quoted household interest rates (IUMBV34, IUMBV37, IUMBV42, IUMTLMV) publishes it, so a single reading is a snapshot and not a trend. The 24 observations in the table above, from October 31, 2024 onwards, are what gives the figure context.
Where the uk average mortgage rates figure sits in its own history
Across the 24 readings loaded here, the series moved between 3.93% and 5.14%. The latest value sits inside that range, so nothing in this window is exceptional. A window this short cannot show a cycle. It shows the direction of travel and the size of the usual swing, which is enough to tell a normal move from an unusual one, and no more than that.
Who sets the uk average mortgage rates and who it affects in United Kingdom
Bank of England Database, quoted household interest rates (IUMBV34, IUMBV37, IUMBV42, IUMTLMV) publishes the uk average mortgage rates series, and the page links the exact dataset and its licence below. Nothing here is a second-hand copy: the figure above is read from that source and shown with the date the source gave it. People reach this page searching for "uk mortgage rates today", and the honest answer is the published figure plus its date. A national figure is an average: your own rate, bill or salary in United Kingdom will sit above or below it.
Glossary
Policy rate
The interest rate a central bank sets to steer the economy, and the floor under most other rates in that currency. It moves only when the rate-setting committee decides, so its history is a series of steps rather than a continuous line.
National average
A figure averaged over a whole country, and therefore not a quote for you. Your own mortgage rate, salary or grocery bill depends on your region, your lender or your shop and will sit above or below the average.
Basis point
One hundredth of a percentage point. Central banks and markets talk in basis points because "a 0.25 point cut" and "a 25 basis point cut" are the same thing, and the second wording leaves no room for doubt.
Real rate
An interest rate after inflation is taken out, roughly the quoted rate minus the inflation rate. A savings account paying less than inflation has a negative real rate, which means the money loses purchasing power.
Revision
A later correction of a published figure, as the statistics office receives more complete data. Values marked provisional or estimated are the ones most likely to change, which is why the page keeps the source flag.
Year-on-year inflation
The change in a price index against the same month a year earlier. It can fall while prices are still rising, because it measures the speed of the increase, not the level of prices.
Yield
The annual return an investor earns by lending money through a bond, expressed as a percentage of its price. Price and yield move in opposite directions: when a bond gets cheaper, its yield rises.
Source: Bank of England Database, quoted household interest rates (IUMBV34, IUMBV37, IUMBV42, IUMTLMV)
Licence: Open Government Licence v3.0, © the Governor and Company of the Bank of England
Update frequency: Monthly, early in the following month
Information only, not financial advice. Figures come from the official source shown and may be revised.