Bank of England data · updated monthly
See how mortgage rates have changed over time.
Compare the official Bank Rate with representative fixed mortgage rates. Use the history for context—not as a list of deals available today.
These are historical representative rates, not live mortgage offers. The rate for a particular borrower depends on factors including LTV, eligibility, fees, property and lender criteria.
Historical comparison
PercentRates from August 2006 to July 2026
Bank Rate2-year fixed mortgage5-year fixed mortgage
| Month | Bank Rate | 2-year fixed | 3-year fixed | 5-year fixed | 10-year fixed |
|---|---|---|---|---|---|
| Jul 2026 | 3.75% | 4.79% | 4.68% | 4.61% | 5.17% |
| Jun 2026 | 3.75% | 4.81% | 4.76% | 4.65% | 5.18% |
| May 2026 | 3.75% | 4.92% | 4.88% | 4.80% | 5.24% |
| Apr 2026 | 3.75% | 5.14% | 4.96% | 4.98% | 5.28% |
| Mar 2026 | 3.75% | 4.45% | 4.36% | 4.42% | 4.81% |
| Feb 2026 | 3.75% | 3.97% | 3.93% | 4.00% | 4.47% |
| Jan 2026 | 3.75% | 3.93% | 3.93% | 3.94% | 4.47% |
| Dec 2025 | 3.90% | 3.97% | 3.99% | 3.99% | 4.48% |
| Nov 2025 | 4.00% | 4.06% | 4.02% | 4.06% | 4.49% |
| Oct 2025 | 4.00% | 4.20% | 4.19% | 4.17% | 4.55% |
| Sep 2025 | 4.00% | 4.19% | 4.18% | 4.16% | 4.54% |
| Aug 2025 | 4.05% | 4.10% | 4.10% | 4.11% | 4.46% |
| Jul 2025 | 4.25% | 4.21% | 4.18% | 4.15% | 4.47% |
| Jun 2025 | 4.25% | 4.28% | 4.28% | 4.26% | 4.51% |
| May 2025 | 4.30% | 4.18% | 4.27% | 4.19% | 4.53% |
| Apr 2025 | 4.50% | 4.42% | 4.34% | 4.29% | 4.59% |
| Mar 2025 | 4.50% | 4.54% | 4.38% | 4.32% | 4.60% |
| Feb 2025 | 4.54% | 4.65% | 4.49% | 4.38% | 4.60% |
| Jan 2025 | 4.75% | 4.63% | 4.50% | 4.37% | 4.57% |
| Dec 2024 | 4.75% | 4.60% | 4.48% | 4.37% | 4.58% |
| Nov 2024 | 4.80% | 4.53% | 4.44% | 4.29% | 4.61% |
| Oct 2024 | 5.00% | 4.40% | 4.28% | 4.06% | 4.65% |
| Sep 2024 | 5.00% | 4.58% | 4.43% | 4.09% | 4.80% |
| Aug 2024 | 5.00% | 4.80% | 4.62% | 4.33% | 4.85% |
Source: Bank of England Interactive Statistical Database. Latest observation: July 2026. Retrieved 14 August 2026. The Bank can revise published series.
Bank Rate and fixed mortgage rates are different things
Bank Rate is set by the Bank of England's Monetary Policy Committee. A fixed mortgage rate is priced by a lender for a stated period and borrower profile. Funding costs, market expectations, competition, capital requirements, operating costs and risk can all affect the gap, so a fixed rate does not have to move by the same amount or at the same time as Bank Rate.
What “representative 75% LTV” means
The mortgage series describe representative rates for households borrowing 75% of a property's value. They provide a consistent historical benchmark, but they are not a market-wide average for every LTV and do not show every fee, incentive or eligibility condition. A 90% LTV borrower, buy-to-let landlord or specialist applicant may see a different market.
Useful ways to use the chart
- Put a rate from an old mortgage statement into its wider historical setting.
- See whether different fixed periods moved together or diverged.
- Stress-test a current budget at more than one illustrative rate in the mortgage calculator.
- Compare switching costs and payment assumptions in the remortgage break-even calculator.
Source, method and limitations
We download the five named monthly series from the Bank of England Interactive Statistical Database, validate the schema, dates, duplicates and values, then publish a versioned static snapshot. The source is reused under the Open Government Licence. Historical movements do not predict future rates, and this page is information rather than financial advice.
Prepared by the Properties & Homes editorial team
Published and last reviewed: 14 August 2026. Data through July 2026.
Series: IUMABEDR, IUMBV34, IUMBV37, IUMBV42 and IUMBV45.