What are the current mortgage rates?
Mortgage rates are influenced by several factors – including the Bank of England base rate, inflation, lender competition, and your personal circumstances.
As of July 2025, the average rates available across the UK market are:
| Mortgage Type | Typical Rate (as of July 2025) |
| 2-Year Fixed (75% LTV) | ~4.8% – 5.1% |
| 5-Year Fixed (75% LTV) | ~5.0% – 5.3% |
| Standard Variable Rate (SVR) | ~7.5% – 8.0% |
| Buy-to-Let Fixed (75% LTV) | ~5.2% – 5.8% |
Rates vary daily and depend on loan-to-value (LTV), credit profile, income structure, and property type.
Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.
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Even a small drop in your mortgage interest rate can result in thousands of pounds saved over the life of your mortgage.
Example: If you’re on a £200,000 mortgage at rate of 6.5% and you switch to a lower mortgage interested rate of 5.2%, you could save over £150 per month.
Will mortgage rates fall in 2025?
Many lenders and economists expect gradual reductions in fixed rates throughout 2025, depending on:
- Inflation returning toward the Bank of England’s 2% target
- Further decisions on the base rate, currently around 4.25%
- Competitive pressure between lenders
If you’re coming to the end of a deal, it’s a good idea to explore your options 3-6 months early – fixed-rate deals may improve, but waiting too long could cost you.
What affects the rate you’ll be offered?
Mortgage rates vary based on:
- Your deposit or equity – lower LTV = better rate
- Credit history – clean records help secure top-tier deals
- Income type — employed, self-employed, or contractor
- Purpose – home purchase, remortgage, or buy-to-let
Property type – new builds, flats above shops, and HMOs may attract different pricing
Fixed vs Tracker – which rate is right for you?
A broker can help you weigh the pros and cons based on your financial goals.
| Feature | Fixed Rate | Tracker Rate |
| Predictable payments | ✅ Yes | ❌ No – can go up/down |
| Follows BoE rate | ❌ No | ✅ Yes – usually +1–2% |
| Good in rising rate climate | ✅ Yes | ❌ Risky if base rate increases |
| Flexibility | ❌ Often has tie-in | ✅ Often no early repayment charges |
Why use us to find the right mortgage rate?
We’ve been helping clients navigate the mortgage market since 2005, through rate rises, cuts, and everything in between.
Why thousands trust us:
- Independent, whole-of-market access – not tied to any one bank
- All advisers are CeMAP qualified and FCA authorised
- We explain every fee, condition, and small print
- We’ve earned thousands of verified 5-star reviews on Google, Trustpilot, Review Centre & Reviews.io
- Transparent, pressure-free advice – you’re always in control
Whether you’re buying, remortgaging, or investing, we’ll find the rate that fits your goals – not the bank’s bottom line.
Key takeaways
- Average fixed mortgage rates are between 4.8% and 5.5% (as of July 2025)
- Rates vary based on deposit, credit, income, and purpose of borrowing
- Tracker deals offer flexibility; fixed rates offer stability
- The best way to get a competitive rate is to compare the whole market – or let us do it for you
Let’s find your best rate – fast, free, and no pressure
Whether you want to fix your rate, remortgage before your deal ends, or plan your next move – we’re here to help.
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