Interest rate on new mortgages in the United Kingdom increased to 4.35 percent in June from 4.22 percent in May of 2026. Interest rate on new mortgages in the United Kingdom averaged 2.89 percent from 2016 until 2026, reaching an all time high of 5.34 percent in November of 2023 and a record low of 1.50 percent in November of 2021. source: Bank of England



Related Last Previous Unit Reference
Banks Balance Sheet 4900486.00 4784108.00 GBP Million Jun 2026
Central Bank Balance Sheet 799421.00 804920.00 GBP Million Aug 2026
Deposit Interest Rate 3.60 3.60 percent Jul 2026
Foreign Exchange Reserves 225750.00 225605.00 USD Million Jun 2026
BoE Interest Rate 3.75 3.75 percent Jul 2026
Interest rate on new mortgages 4.35 4.22 percent Jun 2026
Interest Rate on Outstanding Mortgages 3.96 3.92 percent Jun 2026
Lending Rate 3.90 3.90 percent Jul 2026
Loans to Private Sector 2927812.00 2874684.00 GBP Million Mar 2026
Money Supply M0 105723.00 105210.00 GBP Million Jun 2026
Money Supply M1 2311134.00 2302641.00 GBP Million Jun 2026
Money Supply M2 3238708.00 3221574.00 GBP Million Jun 2026
Money Supply M3 3870622.00 3817490.00 GBP Million Jun 2026
M4 Money Supply MoM 3308802.00 3281693.00 GBP Million Jun 2026
Overnight Interbank Average Rate 3.73 3.73 percent Aug 2026
Private Debt to GDP 69.70 75.60 percent Dec 2025


United Kingdom Interest Rate on New Mortgages
Actual Previous Highest Lowest Dates Unit Frequency
4.35 4.22 5.34 1.50 2016 - 2026 percent Monthly
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