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Recent figures may be revised.
Two-year mortgage rate
Selected pointSeptember 2026 · 5.13%, up 0.94 percentage points on a year earlier
Usual range (middle 80% of the last 10 years)
Each year is the average of the monthly figures. 2026 so far covers January to September.
Each month is that month's figure, not a total so far. 2026 so far covers January to September.
Source: Bank of England
What this means for people
A higher quoted rate means a new fixed mortgage costs more each month. People already on a fix do not pay it until their deal ends.
The loan in this average is 75% of the property’s value. It is the rate lenders quote, not the average rate people are already paying.
Latest figures
See the figures as a table
The latest 12 readings, newest first.| Period | Value |
|---|
| September 2026 | 5.13% |
|---|
| August 2026 | 4.92% |
|---|
| July 2026 | 4.79% |
|---|
| June 2026 | 4.80% |
|---|
| May 2026 | 4.91% |
|---|
| April 2026 | 5.14% |
|---|
| March 2026 | 4.45% |
|---|
| February 2026 | 3.97% |
|---|
| January 2026 | 3.93% |
|---|
| December 2025 | 3.97% |
|---|
| November 2025 | 4.06% |
|---|
| October 2025 | 4.20% |
|---|
Each year is the average of the monthly figures.| Year | Period covered | Value |
|---|
| 2026 so far | January to September | 4.67% |
|---|
| 2025 | January to December | 4.29% |
|---|
| 2024 | January to December | 4.81% |
|---|
| 2023 | January to December | 5.31% |
|---|
| 2022 | January to December | 3.51% |
|---|
| 2021 | January to December | 1.45% |
|---|
| 2020 | January to December | 1.58% |
|---|
| 2019 | January to December | 1.59% |
|---|
| 2018 | January to December | 1.69% |
|---|
| 2017 | January to December | 1.46% |
|---|
| 2016 | January to December | 1.72% |
|---|
Each month
Each month is that month's figure, not a total so far.| Period | 2023 | 2024 | 2025 | 2026 so far |
|---|
| January | 5.14% | 4.71% | 4.63% | 3.93% |
|---|
| February | 4.79% | 4.76% | 4.65% | 3.97% |
|---|
| March | 4.74% | 4.96% | 4.54% | 4.45% |
|---|
| April | 4.60% | 4.98% | 4.42% | 5.14% |
|---|
| May | 4.72% | 5.19% | 4.18% | 4.91% |
|---|
| June | 5.49% | 5.16% | 4.28% | 4.80% |
|---|
| July | 6.22% | 4.99% | 4.21% | 4.79% |
|---|
| August | 6.18% | 4.80% | 4.10% | 4.92% |
|---|
| September | 5.91% | 4.58% | 4.19% | 5.13% |
|---|
| October | 5.60% | 4.40% | 4.20% | |
|---|
| November | 5.28% | 4.53% | 4.06% | |
|---|
| December | 5.03% | 4.60% | 3.97% | |
|---|
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How to read this
A quoted rate
This is an average of rates lenders quote for a two-year fix at 75% of the property value. The rate a household is offered can be higher or lower.
Home mortgages
Home mortgages from banks and building societies. Other deals, like five-year fixes, aren't included.
Not seasonally adjusted
Not seasonally adjusted: compare with the same month last year.
Often follows Bank Rate, with a lag
Quoted mortgage rates tend to move with Bank Rate, but not always by the same amount or in the same month.
Source
- Publisher
- Bank of England
- Official title
- Quoted 2-year fixed mortgage rate at 75% loan to value, households, not seasonally adjusted
- Series
IUMBV34- Geography
- United Kingdom
- Status
- Official statistics
Cite this
Bank of England (2026) Quoted 2-year fixed mortgage rate at 75% loan to value, households, not seasonally adjusted, September 2026 (series IUMBV34).