BBA Mortgage Rate in the United Kingdom increased to 4.54 percent in July of 2022, the highest since April 2017. source: Bank of England

Mortgage Rate in the United Kingdom averaged 5.60 percent from 1995 until 2022, reaching an all time high of 8.87 percent in September of 1998 and a record low of 3.59 percent in November of 2021. This page provides - United Kingdom BBA Mortgage Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom BBA Mortgage Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.

Mortgage Rate in the United Kingdom is expected to be 4.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom BBA Mortgage Rate is projected to trend around 4.80 percent in 2023 and 4.70 percent in 2024, according to our econometric models.

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United Kingdom BBA Mortgage Rate

Related Last Previous Unit Reference
Mortgage Approvals 63.73 65.68 Thousand Jun 2022
Mortgage Rate 4.54 4.38 percent Jul 2022
Home Loans 5273.00 8036.00 GBP Million Jun 2022

United Kingdom BBA Mortgage Rate
In the United Kingdom, BBA Mortgage Rate refers to end month weighted average interest rate of UK monetary financial institutions (excl. Central Bank) sterling revert-to-rate mortgage to households. Mortgage priced at the standard variable rate.
Actual Previous Highest Lowest Dates Unit Frequency
4.54 4.38 8.87 3.59 1995 - 2022 percent Monthly