Bank of England base rate
3.75%
since December 2025
UK mortgage market · live
What does a 3.75% base rate mean for your mortgage?
PlainMortgage turns the Bank of England's rate decisions, its monthly quoted mortgage rates, and the HM Land Registry House Price Index into one place to compare deals, run the affordability maths, and see what UK property actually costs, no signup, no broker spin.
Data updated 2026-07-09
- 3.75%
- base rate · since December 2025
- 4.81%
- 2-yr fix · 75% LTV
- 4.65%
- 5-yr fix · 75% LTV
- £270,080
- average UK house price
Bank of England base rate
According to the Bank of England and HM Land Registry, whose House Price Index is compiled from more than 1,000,000 registered property transactions a year, the quoted mortgage rates and UK average prices on this page currently reflect the June 2026 Bank of England rate snapshot and the April 2026 House Price Index release under the Open Government Licence. Our methodology documents every series identifier and refresh cadence.
Mortgage market snapshot
The Bank of England base rate is 3.75%, held since December 2025; the cheapest average fixed deal is the 5-year fix at 4.65%, and the average UK home costs £270,080.
- 3.75%
- base rate, since December 2025
- 4.65%
- cheapest avg fix (5-yr, 75% LTV)
- 6.60%
- average SVR, the rate to avoid
- £270,080
- average UK house price, April 2026
Rates are Bank of England quoted household averages (June 2026); house prices are HM Land Registry (April 2026).
BoE rates & UK prices at a glance
2-year fix · 75% LTV
4.81%
June 2026
5-year fix · 75% LTV
4.65%
June 2026
Average UK house price
£270,080
April 2026
Quoted-rate cells by product family
Exclusive cut of the 6 Bank of England quoted-rate cells in the June 2026 snapshot: fixed products versus the SVR cell.
Fixed-rate cells by LTV band
Exclusive LTV bands across the 5 fixed-rate cells (SVR excluded). Orthogonal to the product-rate chart below.
Metros by price-to-income band
Exclusive bands for all 16 metros with a price and income pair. Ratio is area average over recorded median income, not a lender stress test.
Quoted mortgage rates by product
Bank of England average advertised rate, June 2026
- 5-yr fix · 75%
5-year fixed, 75% LTV
4.65 %
- 2-yr fix · 90%
2-year fixed, 90% LTV
4.76 %
- 2-yr fix · 75%
2-year fixed, 75% LTV
4.81 %
- 5-yr fix · 95%
5-year fixed, 95% LTV
5.18 %
- 2-yr fix · 95%
2-year fixed, 95% LTV
5.19 %
- SVR
Standard variable rate
6.6 %
What this shows Five-year fixes are currently the cheapest way to borrow at 75% LTV; the standard variable rate (SVR) at 6.60% is far higher, which is why letting a fix lapse onto the SVR is the costliest thing a borrower can do.
UK average house price
Compare every UK region and the 16 major metros on the house-price rankings →
Come back when the numbers move
Quoted mortgage rates on this site currently reflect the Bank of England snapshot dated June 2026 · Bank Rate last changed December 2025. BoE quoted rates refresh monthly; Bank Rate refreshes after each MPC decision; the House Price Index lands monthly with a reporting lag. Re-check live rates after the next release, or subscribe to the guides & research RSS feed for new explainers when they publish.
Calculators, rankings & explainers
Mortgage calculator
Repayment + affordability using the standard UK amortisation formula and lender stress-test rules. Runs in your browser.
Compare rates by LTV
Side-by-side Bank of England quoted average rates across every LTV band and fix period.
Regional rankings
UK regions and the 16 major metros ranked by average house price and the price-to-income multiple.
Trends & MPC chronology
Recent Bank of England decisions and the HM Land Registry HPI trend, read in plain English.
UK mortgage guides
Plain-English explainers: the base rate, fix vs variable, stamp duty, first-time-buyer schemes, affordability, buy-to-let, and the HPI.
Original research
Three data-led research pages: rates by LTV band, the base-rate transmission, and house prices by region.
How to use PlainMortgage
Three steps that turn the numbers above into a decision.
- Check what you can afford before you fall for a property, the calculator uses the lender stress test, not just the headline rate. Affordability calculator
- Compare a 2-year against a 5-year fix at your LTV, the cheapest deal today is the 5-year fix at 4.65%, but the right term depends on your plans. Compare rates
- Never drift onto the SVR (6.60%) - remortgage in the months before a fix ends. Fixed vs variable
Every rate here is a published market average, not a personal quote. A binding rate comes from a Decision in Principle with an FCA-regulated broker or lender.
Download the UK metro price-to-income snapshot cited on this page: uk-metro-price-to-income.csv (CC BY 4.0 for this derived file; Bank of England and HM Land Registry source tables remain OGL).
Frequently Asked Questions
What is the Bank of England base rate today?
The Bank of England base rate is 3.75%. It was last changed in December 2025, when the Monetary Policy Committee voted to cut it. The base rate is the rate at which the Bank lends to commercial banks, and it is the single biggest input to UK mortgage pricing: tracker mortgages move with it within days, standard variable rates follow within weeks, and new fixed-rate deals reprice over months as lenders' swap-rate funding costs adjust. Existing fixed deals stay at their contracted rate until the fix ends.
Where do the mortgage rates on PlainMortgage come from?
They are the Bank of England's published quoted household interest rates, the average advertised rate across UK lenders for each fix period and loan-to-value (LTV) band, released monthly. The latest snapshot on this site is June 2026. These are market averages, not a personal quote: a real offer depends on your credit profile, deposit, property type, employment, and the lender's affordability assessment. For a binding rate, get a Decision in Principle from a regulated broker or lender.
Is PlainMortgage free, and does it give financial advice?
Every calculator, comparison, and guide is free, with no signup, no email gate, and no third-party advertising trackers. PlainMortgage is an information service, not a regulated financial adviser and not a broker, we do not sell mortgage products. A mortgage is the largest financial commitment most households make; the actual decision should involve an FCA-regulated adviser who can assess your full circumstances.
How often is the data updated?
The Bank of England base rate is updated after each Monetary Policy Committee decision. The Bank's quoted mortgage rates are published monthly. The HM Land Registry House Price Index is published monthly, roughly two months in arrears (the latest figure here is April 2026). Every page is stamped with the vintage of the underlying data, and the methodology page documents each source and refresh cadence in full.
Does PlainMortgage store anything I enter into the calculators?
No. The calculators run entirely in your browser, nothing you enter is sent to a server. We collect aggregate, cookieless page-view metrics only: no personal identifiers, no email addresses, and no cross-site advertising pixels. The privacy page documents this in full.
About this data
How PlainMortgage works, and why you can trust these numbers
What this site is
PlainMortgage turns the Bank of England's rate decisions and quoted mortgage rates, plus HM Land Registry's House Price Index, into one place to compare deals and check affordability. Every figure traces back to the official releasing body, and nothing is a personal quote.
Editorial process
- Source. Pull the Bank of England's Bank Rate, its quoted household interest rates database, and HM Land Registry's UK House Price Index directly from each body's official release.
- Verify. Each figure keeps the official release date and series identifier, so every number on the site traces back to the exact source publication.
- Publish. Compile rate and price snapshots with the source and refresh date stamped on every page, documented in full on the methodology page.
Editorial independence & corrections
PlainMortgage is an independent data-journalism publisher: it does not sell mortgages, earn commission from any lender, or accept sponsored placement. Found an error? Contact us via the contact page; corrections are typically processed within 48 hours. See the methodology page for the full source-to-publication chain.
Frequently asked
What is the Bank of England base rate today?
The Bank of England base rate is 3.75%. It was last changed in December 2025, when the Monetary Policy Committee voted to cut it. The base rate is the rate at which the Bank lends to commercial banks, and it is the single biggest input to UK mortgage pricing: tracker mortgages move with it within days, standard variable rates follow within weeks, and new fixed-rate deals reprice over months as lenders' swap-rate funding costs adjust. Existing fixed deals stay at their contracted rate until the fix ends.
Where do the mortgage rates on PlainMortgage come from?
They are the Bank of England's published quoted household interest rates, the average advertised rate across UK lenders for each fix period and loan-to-value (LTV) band, released monthly. The latest snapshot on this site is June 2026. These are market averages, not a personal quote: a real offer depends on your credit profile, deposit, property type, employment, and the lender's affordability assessment. For a binding rate, get a Decision in Principle from a regulated broker or lender.
Is PlainMortgage free, and does it give financial advice?
Every calculator, comparison, and guide is free, with no signup, no email gate, and no third-party advertising trackers. PlainMortgage is an information service, not a regulated financial adviser and not a broker, we do not sell mortgage products. A mortgage is the largest financial commitment most households make; the actual decision should involve an FCA-regulated adviser who can assess your full circumstances.
How often is the data updated?
The Bank of England base rate is updated after each Monetary Policy Committee decision. The Bank's quoted mortgage rates are published monthly. The HM Land Registry House Price Index is published monthly, roughly two months in arrears (the latest figure here is April 2026). Every page is stamped with the vintage of the underlying data, and the methodology page documents each source and refresh cadence in full.
Does PlainMortgage store anything I enter into the calculators?
No. The calculators run entirely in your browser, nothing you enter is sent to a server. We collect aggregate, cookieless page-view metrics only: no personal identifiers, no email addresses, and no cross-site advertising pixels. The privacy page documents this in full.