Mortgage Rate in the United Kingdom remained unchanged at 6.58 percent in August. Mortgage Rate in the United Kingdom averaged 5.80 percent from 1995 until 2026, 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. source: Bank of England
Mortgage Rate in the United Kingdom is expected to be 6.58 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 6.83 percent in 2027 and 6.33 percent in 2028, according to our econometric models.