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UK interest and mortgage rates
Bank of England Bank Rate is 4% and the average 2-year fixed mortgage (75% LTV) is quoted at 5.13%. See what your mortgage would cost each month.
Bank Rate4%since 5 November 2026
2-yr fixed, 75% LTV5.13%quoted, September 2026
Mortgage repayment calculatorAverage quoted mortgage rates
2-year fixed, 75% LTV
September 2026 · 1 yr ▲ 0.94 pt
5.13%5-year fixed, 75% LTV
September 2026 · 1 yr ▲ 0.82 pt
4.98%2-year fixed, 75% LTV5-year fixed, 75% LTV
Bank Rate changes
5 November 20264%
18 December 20253.75%
7 August 20254%
8 May 20254.25%
6 February 20254.5%
7 November 20244.75%
1 August 20245%
3 August 20235.25%
22 June 20235%
11 May 20234.5%
Questions and answers
What is the Bank of England base rate?
Bank Rate is 4% (5 November 2026). It last changed on 5 November 2026.
What are average mortgage rates?
2-year fixed, 75% LTV: 5.13% (September 2026); 5-year fixed, 75% LTV: 4.98% (September 2026) — Bank of England quoted rates, an average of lenders' advertised rates.
How is the monthly payment calculated?
A standard repayment mortgage formula with monthly compounding: the same payment every month repays interest and capital over the term.
Source: Bank of England Database (IUDBEDR Bank Rate; quoted household mortgage rates IUMZICQ, IUMBV34, IUMB482, IUMBV42), reproduced under the Open Government Licence v3.0.