UK Mortgage Rates - August 2025
UK mortgage lenders change their product rates regularly based on many factors such as the Bank of England's (BoE) base rate, inflation and the state of the economy.
Early this month, the Base Rate was cut to 4% on 7 August 2025. Inflation in the month to June increased to 3.6%, up from 3.4% the previous month.
Average rates for 2-year and 5-year fixed-rate mortgage
|
Term |
Average rate | Weekly change | Yearly change |
| 2-year fixed | 4.49% | - 0.01% | - 0.68% |
| 5-year fixed | 4.50% | - 0.01% | - 0.30% |
Lowest rates for 2-year and 5-year fixed-rate mortgages
| Term | Lowest rate | Weekly change | Yearly change |
|---|---|---|---|
| 2-year fixed | 3.73% | +0.04% | -0.46% |
| 5-year fixed | 3.85% | +0.01% | +0.02% |
Average fixed-term mortgage rates for home-buyers with 5-10% deposits
| Loan to Value (LTV) | Term | Avg rate 09 Aug 2025 |
Avg rate 16 Aug 2025 |
Weekly Change | Yearly Change |
|---|---|---|---|---|---|
| 95% | 2-year-fixed | 5.19% | 5.17% | -0.02% | -0.72% |
| 95% | 5-year-fixed | 5.12% | 5.12% | +0.00% | -0.35% |
| 90% | 2-year-fixed | 4.72% | 4.70% | -0.02% | -0.85% |
| 90% | 5-year-fixed | 4.66% | 4.65% | -0.01% |
Average fixed-term mortgage rates for home-buyers with 15-25% deposits
| Loan to Value (LTV) | Term | Avg rate 09 Aug 2025 |
Avg rate 16 Aug 2025 |
Weekly Change | Yearly Change |
|---|---|---|---|---|---|
| 85% | 2-year-fixed | 4.40% | 4.38% | -0.02% | -0.83% |
| 85% | 5-year-fixed | 4.40% | 4.37% | -0.03% | -0.49% |
| 75% | 2-year-fixed | 4.32% | 4.31% | -0.01% | -0.63% |
| 75% | 5-year-fixed |
Average fixed-term mortgage rates for home-buyers with 40% deposits
| Loan to Value (LTV) | Term | Avg rate 09 Aug 2025 |
Avg rate 16 Aug 2025 |
Weekly Change | Yearly Change |
|---|---|---|---|---|---|
| 60% | 2-year-fixed | 3.89% | 3.89% | +0.00% | -0.55% |
| 60% | 5-year-fixed | 4.02% | 4.03% | +0.01% | -0.0 |
Data provided by Rightmove
