# What a mortgage actually costs

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

- Category: Money
- Cadence: monthly
- Status: Published on a monthly cadence.
- Dataset key: `mortgage-rates`
- Source: [Bank of England](https://www.bankofengland.co.uk/boeapps/database/)
- Licence: Bank of England terms of use
- Canonical page: [https://londongraph.com/g/what-a-mortgage-actually-costs](https://londongraph.com/g/what-a-mortgage-actually-costs)
- Machine-readable record: [https://londongraph.com/data/what-a-mortgage-actually-costs](https://londongraph.com/data/what-a-mortgage-actually-costs)

## 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.

## Visualisations

- [Trend](https://londongraph.com/g/what-a-mortgage-actually-costs): The gap between the Bank's rate and a household's rate is the whole business model.
- [Change](https://londongraph.com/g/what-a-mortgage-actually-costs?view=change): Show the change from each preceding published period.

## Citation guidance

Attribute the original publisher named above and identify LondonGraph as the visualisation and methodology layer. Do not describe live values as a historical census, and do not present placeholder values as observations.