Sourced from the Bank of England · free to cite

UK Mortgage Rate Index

As of 2026-07-31, the average UK 2-year fixed mortgage rate is 4.79%, the average 5-year fixed rate is 4.61%, and the average Standard Variable Rate is 6.6% (Bank Rate 3.75% as of 2026-08-06). These are quoted-rate averages at 75% loan-to-value, refetched daily from the Bank of England's own database — not a comparison-site sample, and not this site's opinion of the market.

Avg 2-yr fix4.79%75% LTV · IUMBV34

Avg 5-yr fix4.61%75% LTV · IUMBV42

Avg SVR6.6%IUMTLMV

Bank Rate3.75%IUDBEDR

For journalists and researchers

This page is free to cite or link to directly — it exists so anyone writing about UK mortgage rates has a sourced, dated number instead of a stale press release. Every figure carries the observation date it belongs to and the exact Bank of England series code it comes from (see the table on the methodology page). We take no fee from lenders or brokers and rank nothing, so there is no incentive to shade the numbers either way.

Source: Bank of England Interactive Statistical Database (IADB), series IUMBV34, IUMBV42, IUMTLMV, IUDBEDR — public data, no key required. This is a market average, not advice; your own mortgage offer states your actual rate.