UK Mortgage Interest Rates

Track how mortgage rates have shifted through time, how pricing differs by LTV, and how borrowing costs compare with bread-adjusted house prices.

Current average rate (2-year fixed)
4.18%
Average across LTVs
Historical average rate (2-year fixed)
4.08%
All available history
Latest new vs outstanding gap
0.41%
New fixed - outstanding fixed

Interest Rates vs Bread-Adjusted UK House Prices

This chart puts borrowing costs next to real-terms house prices (loaves of bread) to show whether affordability pressure came from rates, prices, or both.

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Effective Rates Over Time

Effective rates show the average cost borrowers pay on new fixed deals versus outstanding fixed mortgages.

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Gap Between New and Outstanding Rates

Positive values mean new fixed loans cost more than the outstanding stock.

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2-Year Fixed Rates by LTV (Latest)

A snapshot of how pricing changes with borrower equity at the latest available date.

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2-Year Fixed Rates by LTV (History)

Track how different LTV bands move through time and where they diverge most.

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Interest Rates vs UK House Prices (Nominal)

Nominal prices show headline affordability pressure compared with borrowing costs.

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2-Year Fixed 75% LTV vs Effective Rates

Compare lender pricing for a representative 75% LTV borrower against the effective rates paid across the market.

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Average 2-Year Fixed Rate Across LTVs

A blended view that smooths LTV differences into a single market-wide rate.

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Monthly Rate Changes (2-Year Fixed, 75% LTV)

Month-to-month changes show how quickly lenders are repricing credit.

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Rate Level vs Monthly Change (2-Year Fixed, 75% LTV)

See whether sharp rate changes occur when rates are already high or low.

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