What a mortgage actually costs

The gap between the Bank's rate and a household's rate is the whole business model.

Embed this viewUpdated 31 Jul

Data access

Use the machine-readable JSON record or the flattened CSV download or the compact Markdown version.

Preview the latest 99 observations
SeriesPeriod or categoryValueUnit
Bank Rate2023-105.25%
Bank Rate2023-115.25%
Bank Rate2023-125.25%
Bank Rate2024-015.25%
Bank Rate2024-025.25%
Bank Rate2024-035.25%
Bank Rate2024-045.25%
Bank Rate2024-055.25%
Bank Rate2024-065.25%
Bank Rate2024-075.25%
Bank Rate2024-085%
Bank Rate2024-095%
Bank Rate2024-105%
Bank Rate2024-114.8%
Bank Rate2024-124.75%
Bank Rate2025-014.75%
Bank Rate2025-024.54%
Bank Rate2025-034.5%
Bank Rate2025-044.5%
Bank Rate2025-054.3%
Bank Rate2025-064.25%
Bank Rate2025-074.25%
Bank Rate2025-084.05%
Bank Rate2025-094%
Bank Rate2025-104%
Bank Rate2025-114%
Bank Rate2025-123.9%
Bank Rate2026-013.75%
Bank Rate2026-023.75%
Bank Rate2026-033.75%
Bank Rate2026-043.75%
Bank Rate2026-053.75%
Bank Rate2026-063.75%
Standard variable rate2023-108.02%
Standard variable rate2023-118%
Standard variable rate2023-127.92%
Standard variable rate2024-017.94%
Standard variable rate2024-027.94%
Standard variable rate2024-037.93%
Standard variable rate2024-048%
Standard variable rate2024-058%
Standard variable rate2024-068.03%
Standard variable rate2024-078.07%
Standard variable rate2024-087.86%
Standard variable rate2024-097.7%
Standard variable rate2024-107.68%
Standard variable rate2024-117.56%
Standard variable rate2024-127.47%
Standard variable rate2025-017.48%
Standard variable rate2025-027.35%
Standard variable rate2025-037.24%
Standard variable rate2025-047.19%
Standard variable rate2025-057.08%
Standard variable rate2025-066.98%
Standard variable rate2025-076.99%
Standard variable rate2025-086.89%
Standard variable rate2025-096.8%
Standard variable rate2025-106.81%
Standard variable rate2025-116.82%
Standard variable rate2025-126.77%
Standard variable rate2026-016.62%
Standard variable rate2026-026.59%
Standard variable rate2026-036.6%
Standard variable rate2026-046.6%
Standard variable rate2026-056.6%
Standard variable rate2026-066.6%
Two-year fix at 75% LTV2023-105.6%
Two-year fix at 75% LTV2023-115.28%
Two-year fix at 75% LTV2023-125.03%
Two-year fix at 75% LTV2024-014.71%
Two-year fix at 75% LTV2024-024.76%
Two-year fix at 75% LTV2024-034.96%
Two-year fix at 75% LTV2024-044.98%
Two-year fix at 75% LTV2024-055.19%
Two-year fix at 75% LTV2024-065.16%
Two-year fix at 75% LTV2024-074.99%
Two-year fix at 75% LTV2024-084.8%
Two-year fix at 75% LTV2024-094.58%
Two-year fix at 75% LTV2024-104.4%
Two-year fix at 75% LTV2024-114.53%
Two-year fix at 75% LTV2024-124.6%
Two-year fix at 75% LTV2025-014.63%
Two-year fix at 75% LTV2025-024.65%
Two-year fix at 75% LTV2025-034.54%
Two-year fix at 75% LTV2025-044.42%
Two-year fix at 75% LTV2025-054.18%
Two-year fix at 75% LTV2025-064.28%
Two-year fix at 75% LTV2025-074.21%
Two-year fix at 75% LTV2025-084.1%
Two-year fix at 75% LTV2025-094.19%
Two-year fix at 75% LTV2025-104.2%
Two-year fix at 75% LTV2025-114.06%
Two-year fix at 75% LTV2025-123.97%
Two-year fix at 75% LTV2026-013.93%
Two-year fix at 75% LTV2026-023.97%
Two-year fix at 75% LTV2026-034.45%
Two-year fix at 75% LTV2026-045.14%
Two-year fix at 75% LTV2026-054.92%
Two-year fix at 75% LTV2026-064.81%

Preview truncated. The JSON record contains every observation represented by this graph.

Methodology

Bank Rate against two of the rates households actually pay: a two-year fix at 75% loan-to-value, which is the ordinary mover's mortgage, and the standard variable rate people roll onto when a fix ends and often stop noticing. All three are monthly averages from the Bank of England's database. The spread between them is not constant, which is the point.

Provenance

Source
Bank of England
Cadence
monthly
Engine
timeline
Licence
Bank of England terms of use

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