The chart above tracks average UK mortgage rates across the loan-to-value (LTV) bands lenders price to, on both 2 year and 5 year fixed terms. Use it to see where your band sits today, how each band has moved through the recent rate cycle, and whether the gap to the next band down is worth closing before you apply. Mortgage One is a whole of market mortgage adviser placing UK buyers and remortgagers at the right loan-to-value pricing tier.

For a free initial consultation on where your loan-to-value band prices today, call 01202 155992 or contact Mortgage One.

What this UK mortgage rates chart shows and how to read it

The chart plots average 2 and 5 year fixed mortgage rates at 60%, 75%, 90% and 95% loan-to-value, built from Bank of England data and Mortgage One's whole-of-market lender panel. The tiles beneath the chart always show the current average for each band, with the date of the latest refresh.

Each line on the chart is one loan-to-value band. The 60% LTV line sits lowest because a borrower with 40% equity or deposit gives the lender the largest buffer, and the 95% LTV line sits highest because a 5% deposit gives the smallest. The toggle switches the view between 2 year and 5 year fixed terms, and the tiles beneath the graph show the current average for each band with the date it was captured.

The figures are averages indicative of mainstream lender pricing, built from Bank of England data and our whole-of-market panel. They are not quotes. The rate available to you on any given day depends on your deposit or equity, credit profile, income, property type and lender appetite that week. Start by working out your own figure with our loan to value calculator, then read your band's line for the trend and its tile for today's position.

How does loan to value affect the mortgage rate you pay?

Loan to value is the strongest single pricing lever on a UK mortgage. Lenders price in bands, with the main breakpoints at 60%, 75%, 80%, 85%, 90% and 95% LTV, and the rate steps up at each one. The gap between the 60% and 95% lines on the chart above shows what that laddering is worth at any given time.

The logic is equity. The more of the property you own outright, the more protection the lender has against a fall in prices, so pricing sharpens as LTV falls. This is why LTV mortgage rates are quoted band by band rather than as one market figure, and why two applicants on identical incomes can be offered noticeably different rates on the same street.

Band boundaries matter more than movement inside a band. Dropping from 92% to 91% LTV usually changes little, while dropping from 91% to 90% re-prices the whole loan at the lower tier. Before an application, it is often worth checking whether a slightly larger deposit, a small overpayment or a modest price renegotiation would carry you over the next boundary.

Average mortgage rates by LTV band and who sits in each

Lenders group mortgage pricing into four headline LTV tiers: 60% for borrowers with substantial equity, 75% for the mainstream remortgage market, 90% for buyers with a 10% deposit and 95% for those with 5%. Each tier on the chart carries its own average, and the order never changes: more equity, lower rate.

60% LTV mortgage rates: the lowest tier on the chart

The 60% band is where lender pricing is most competitive. It is dominated by remortgagers and home movers who have built equity through repayments and price growth. If you fixed a few years ago at a higher LTV, a revaluation may drop you into this band without you adding a pound of savings, which is one of the checks our remortgaging guide walks through before a deal ends.

75% LTV mortgage rates: where most remortgages price

The 75% line usually tracks closest to the 60% line on the chart, and the band is the natural home of second steppers and established remortgagers. Lender choice remains close to its widest here. The band also marks the ceiling many landlords work to on investment products, which keeps pricing keen as lenders compete across both markets.

90% LTV mortgage rates: the standard first-time buyer tier

This is the workhorse band for first-time buyers with a 10% deposit. The vertical gap between the 90% and 75% lines on the chart is the price of buying sooner rather than saving longer, and it widens and narrows as lender appetite shifts. Our first-time buyer mortgage guide covers how lenders assess deposits, affordability and property type at this level.

95% LTV mortgage rates: the price of a 5% deposit

The 95% band carries the highest average on the chart and the narrowest lender pool. The step between the 95% and 90% lines is usually the most expensive single move on the chart, so buyers close to a 10% deposit often gain more from bridging that last stretch of saving than from any amount of rate shopping at 95%.

If your current deal ends within the next six months and your band on the chart has moved since you last fixed, call 01202 155992 or contact Mortgage One.

How this chart differs from a mortgage rate forecast

This page shows where average fixed rates have actually been and where they sit now. A forecast shows where markets expect rates to go next. Mortgage One publishes both: this chart for current pricing by LTV band, and a separate interest rate projection built on Sterling Overnight Index Average (SONIA) futures for the forward view.

The two pages answer different questions. When you want to know what a competitive rate looks like for your deposit today, this chart is the reference. When you want to know whether waiting might change the picture, our interest rate projection shows the path traders are pricing for the Bank of England base rate. Neither is a promise, but together they frame the fix-now-or-wait conversation with data rather than headlines.

Bank Rate itself moves only at Monetary Policy Committee meetings, roughly every six weeks, yet the fixed rate lines on this chart move far more often. That is because fixed deals are priced from swap rates rather than Bank Rate directly, so lender repricing lands between decisions as well as after them. If your real question is whether to take a 2 year or a 5 year product, our comparison of 2 year and 5 year fixed deals works through that decision.

What does recent mortgage rate history tell you about timing?

The chart's mortgage rate history shows a fall from August 2025 into an April 2026 low, followed by a climb through early summer 2026. That single year contains both a falling market and a rising one, which is why the shape of each line matters more than any single point on it.

A mortgage rates graph tells you what has happened, not what happens next. April's low was only visible as a low once pricing had climbed away from it, which is the recurring problem with waiting for the bottom: it can only be identified in hindsight. A historical mortgage rates chart for the UK is a record, not a promise, and the recent data shows how quickly the direction can turn.

The practical use of history is context, not prediction. If today's average for your band sits below most of the past year, locking in removes the risk of the recent climb continuing. Many lenders also let you secure a new deal well before your current one ends, with the option to move onto a cheaper product if pricing falls again before completion, which takes much of the sting out of timing the market.

How to use the chart when choosing or renewing your deal

Read the chart in three steps: find your loan-to-value band, compare today's average with the rate you currently pay, then check the gap to the band below. A remortgager at 78% LTV, for example, may find a small overpayment before applying re-prices the whole loan at the 75% tier.

For buyers, the chart is a deposit-planning tool as much as a rate reference. The band you complete in is set by the interplay of deposit and purchase price, so a slightly lower offer can achieve the same band shift as months of extra saving. Once the band is settled, the choice between terms is its own decision, and our fixed rate mortgage guide sets out how 2, 5 and longer fixes compare.

For remortgagers, check your band before you check any rate. Repayments made and price growth since you bought may have moved you a tier down without you noticing, and the averages on this chart show what that tier is worth. Averages are also only the midpoint of each band: the pricing underneath them varies by lender, fee structure and case strength, which is where whole of market advice earns its keep.

To turn the trend on this chart into a shortlist of live rates for your deposit and circumstances, call 01202 155992 or contact Mortgage One.

Back to Rate Forecast and Economic Drivers

The information provided in this article is for general guidance only and does not constitute personal or regulated financial advice. If you’d like to understand what these moves could mean for you, speak to Mortgage One. We can explain your options and timings based on your specific circumstances.

FAQs

1. What is a good mortgage rate in the UK right now?

A good rate is one that sits at or below the current average for your loan-to-value band, which the tiles beneath the chart show at any moment. A 95% LTV borrower will never see 60% LTV pricing, so judge any quote against your own band rather than the lowest number in the market.

2. How does LTV affect mortgage interest rates?

Lenders price mortgages in loan-to-value bands, with the main breakpoints at 60%, 75%, 80%, 85%, 90% and 95%. The lower the band, the lower the pricing on offer, because the borrower’s equity gives the lender more protection. Crossing a band boundary re-prices the whole loan, so small deposit changes can matter.

3. What are average mortgage rates right now?

The tiles beneath the chart on this page show the current average 2 year and 5 year fixed rate for each LTV band, refreshed regularly from Bank of England data and our whole-of-market lender panel. These are averages indicative of mainstream lenders, not quotes, and individual pricing varies with fees, criteria and case strength.

4. Will mortgage rates drop to 3% again?

No one can say. The exceptionally cheap deals of 2020 and 2021 reflected an emergency base rate that no longer applies, and market pricing currently implies gradual easing rather than a return to those lows. Our interest rate projection page shows the path traders are pricing in, updated as expectations move.

5. Why are 95% LTV mortgage rates higher than other bands?

A 5% deposit gives the lender the smallest buffer against a fall in property values, so the risk premium is larger and fewer lenders compete at this level. On the chart, the 95% line sits furthest above the rest, and the gap to the 90% line is usually the widest single step between neighbouring bands.

6. How often is this mortgage rates chart updated?

The chart is refreshed regularly as lender repricing and Bank of England data land, and the date stamp beneath it shows the most recent update. Averages can move week to week, so check the stamp before relying on a figure, particularly around Bank of England decision dates.

7. Can a mortgage broker access rates below the averages shown here?

Each point on the chart blends sharper and higher pricing across the mainstream market, so rates beneath the average exist at any time. A whole of market broker compares across multiple lenders in the market to find the pricing your band, income and property actually qualify for. No rate can be promised until a lender assesses your case.