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 |
|---|---|---|---|---|
| 60% | 40% | 1.15% | – | 30th June |
| 75% | 25% | 1.37% | 2.05% | 30th June |
| 85% | 15% | 2.38% | – | 30th June |
| 90% | 10% | 3.09% | 2.90% | 30th June |
| 95% | 5% | 3.75% | 3.78% | 30th June |
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.
Commentary:
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.