In short
At the Bank of England's September 2026 average rate for a 2-year fixed mortgage at 75% loan-to-value (5.13%), a £204,000 repayment mortgage over 25 years costs £1,208 a month. That loan is 75% of the UK average home price (£272,611, UK House Price Index, July 2026). At 90% loan-to-value the average 2-year fixed rate was 5.37%.
The Bank of England average rates, September 2026
| Loan amount | 2-year fixed, 75% LTV 5.13% | 3-year fixed, 75% LTV 4.93% | 5-year fixed, 75% LTV 4.98% | 2-year fixed, 90% LTV 5.37% |
|---|---|---|---|---|
| £150,000 | £888 | £871 | £875 | £910 |
| £200,000 | £1,184 | £1,161 | £1,167 | £1,213 |
| £250,000 | £1,480 | £1,451 | £1,459 | £1,516 |
| £300,000 | £1,777 | £1,742 | £1,750 | £1,819 |
| £400,000 | £2,369 | £2,322 | £2,334 | £2,425 |
Monthly payment over 25 years. Rates: average monthly rates published by the Bank of England for each type of fixed-rate mortgage; your offer depends on the lender, your deposit and your situation.
Questions
What is the average UK mortgage rate?
For September 2026, the Bank of England published 5.13% for a 2-year fixed, 75% LTV, 4.93% for a 3-year fixed, 75% LTV, 4.98% for a 5-year fixed, 75% LTV, 5.37% for a 2-year fixed, 90% LTV.
How much is the monthly payment on a £250,000 mortgage?
£1,480 a month over 25 years at 5.13%, £1,362 over 30 years.
Does the calculator keep the same rate for the whole term?
Yes. The Bank of England rates are for 2-, 3- and 5-year fixed periods; what happens after the fixed period depends on your mortgage offer.
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General information drawn from the official sources cited and dated on this page. It is not legal, tax or financial advice: for your own situation, ask a licensed professional.
Sources
- Bank of England, Interactive Statistical Database: quoted household interest rates (series IUMBV34, IUMBV37, IUMBV42, IUMB482): Monthly interest rate of UK monetary financial institutions (excl. Central Bank) sterling 2 year (75% LTV) fixed rate mortgage to households (in percent) not seasonally adjusted ; Monthly interest rate of UK monetary financial institutions (excl. Central Bank) sterling 3 year (75% LTV) fixed rate mortgage to households (in percent) not seasonally adjusted ; Monthly interest rate of UK monetary financial institutions (excl. Central Bank) sterling 5 year (75% LTV) fixed rate mortgage to households (in percent) not seasonally adjusted ; Monthly interest rate of UK monetary financial institutions (excl. Central Bank) sterling 2 year (90% LTV) fixed rate mortgage to households (in percent) not seasonally adjusted.
- UK House Price Index (HM Land Registry, Registers of Scotland, Land & Property Services Northern Ireland, ONS). Contains HM Land Registry data © Crown copyright and database right 2020. This data is licensed under the Open Government Licence v3.0.