Shown below are the average mortgages rates to UK households based on the deposit amount:
|L.T.V (Loan to Value)||Deposit Amount||Average Interest Rate (2 Year Fixed Rate)||Average Interest Rate (2 Year Variable)||Latest Date|
Using the mortgage interest rates above the bar chart shows typical mortgage repayments:
Historical Average U.K Mortgage Interest Rates
The graph below should give you some idea of how UK mortgage interest rates have changed over time.
Only 60% LTV and 75% LTV mortgage rates have fallen back to or below their pre Covid levels.
Whereas 85%, 90% & 95% LTV mortgages rates are all higher since Covid.