Average interest rate for new mortgages in the UK 2024| ��ƽ��

Average interest rates for new mortgage advances in the United Kingdom (UK) from January 2016 to January 2024, by type of mortgage

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Source

Release date

March 2024

More information

Region

United Kingdom

Survey time period

January 2016 to January 2024

Special properties

new advances to to individuals and individual trusts

Supplementary notes

Monthly average of UK resident banks' sterling weighted average interest rate, loans secured on dwellings, new advances to Individuals and individual trusts (in percent); CFMZ6JM

Monthly average of UK resident banks' sterling weighted average interest rate - loans secured on dwellings, new advances on floating rate to Individuals and individual trusts (in percent); CFMZ6JO

Monthly average of UK resident banks' sterling weighted average interest rate - loans secured on dwellings, new advances on fixed rate to Individuals and individual trusts (in percent); CFMZ6JV

Monthly average of UK resident banks' sterling weighted average interest rate - loans secured on dwellings, new advances, fixed rate, <=2yr to Individuals and individual trusts (in percent); CFMZ6JX

Monthly average of UK resident banks' sterling weighted average interest rate - loans secured on dwellings, new advances, fixed rate, 5yrs to Individuals and individual trusts (in percent); CFMZ6K3

Citation formats

Interest rates in the UK spiked in 2022 and 2023, with the average rate for new mortgage advances to individuals and individual trusts rising by **** percentage points between January 2022 and January 2024. Mortgages on a floating interest rate were the most expensive as of January 2024, at **** percent. On the other hand, the average rate for new advances with a five-year fixed rate was **** percent.

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Average interest rates for new mortgage advances in the United Kingdom (UK) from January 2016 to January 2024, by type of mortgage

Other statistics on the topic

Other statistics that may interest you

Other statistics that may interest you Statistics on

Further Content: You might find this interesting as well

Topics

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