Buying a home in the United Kingdom: mortgage rates and costs
What a mortgage typically costs in the United Kingdom right now, how the central bank rate compares, and a worked monthly payment example you can adjust in our calculators.
Typical mortgage rate
4% – 5%
5-year fixed, 75% LTV. Most UK mortgages reset after 2–5 years; very few are fixed for the full term.
As of 2025-11-28. Source
Example monthly payment in the United Kingdom
| Purchase price | £300,000 |
|---|---|
| Deposit (25%) | £75,000 |
| Loan amount | £225,000 |
| Interest rate | 4.5% · 25-year term |
| Estimated monthly payment | £1,251 |
Illustration only, using the midpoint of the typical rate range. It excludes taxes, insurance and fees. Adjust the figures in the mortgage calculator.