Bank Rate vs Mortgage Rates
This chart compares the Bank of England Bank Rate with the effective mortgage rate paid by households, using official Bank of England data.
This chart compares the Bank of England Bank Rate with the effective mortgage rate paid by households, using official Bank of England data.
This chart shows the official Bank Rate alongside the effective (average) mortgage rate households actually pay. Both are measured in percent, so they are compared directly on the same axis.
This chart shows movements over time, but it does not prove that changes in the Bank Rate directly cause specific changes in mortgage rates. Mortgage pricing also reflects funding costs, competition and lender risk.
Sources & update schedule
Data from Bank of England. Each series is published by an official UK source — follow the links below to verify any figure at its origin, or read our data sources and methodology for how the data is imported and how often it updates.