United Kingdom BBA Mortgage Rate

Mortgage Rate in the United Kingdom increased to 4.25 percent in May from 4.10 percent in April of 2022. Mortgage Rate in the United Kingdom averaged 5.61 percent from 1995 until 2022, reaching an all time high of 8.87 percent in September of 1998 and a record low of 3.59 percent in November of 2021. In the United Kingdom, BBA Mortgage Rate refers to end month weighted average interest rate of UK monetary financial institutions (excl. Central Bank) sterling revert-to-rate mortgage to households.

Mortgage priced at the standard variable rate. This page provides – United Kingdom BBA Mortgage Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Mortgage Rate in the UK

The UK has one of the greatest home loan markets in the UK, with 10.9 million home loans worth around £1.25 trillion. House buying is more famous in the UK than in numerous nations across Europe. In spite of the fact that it has declined among more youthful age bunches as of late, purchasing a home in the UK and getting a home loan remains something that numerous youthful families plan for. There are various kinds of home loans in the UK accessible through banks and building social orders. Generally run for something like 25 years, despite the fact that they can be longer or more limited.

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