2-Year Fixed Mortgage Rates

Bank of England Bank Rate

3.75%

Set by the Monetary Policy Committee, which meets eight times a year. Held at 3.75% on 17 September 2026.

Bank of England · checked 12 Oct 2026

Average Rate on Newly-Drawn Mortgages (All Types)

4.45%

Official Bank of England figure for the actual interest paid on newly-drawn mortgages in July 2026, blended across all mortgage types and terms — not specific to 2-year fixed products, but a genuine free primary-source benchmark for where new borrowing is pricing.

Bank of England — Money and Credit · checked 12 Oct 2026

Average 2-year fixed rate, 75% loan-to-value

5.13%

Bank of England average of rates advertised by UK lenders in September 2026, for borrowers with a 25% deposit.

Bank of England · checked 12 Oct 2026

Average 2-year fixed rate, 90% loan-to-value

5.37%

Bank of England average of rates advertised by UK lenders in September 2026, for borrowers with a 10% deposit.

Bank of England · checked 12 Oct 2026

Average 2-year fixed rate, 95% loan-to-value

5.7%

Bank of England average of rates advertised by UK lenders in September 2026, for borrowers with a 5% deposit.

Bank of England · checked 12 Oct 2026

Average 5-year fixed rate, 75% loan-to-value

4.98%

Bank of England average of rates advertised by UK lenders in September 2026. For comparison with the 2-year rate at the same deposit size.

Bank of England · checked 12 Oct 2026