UK mortgage market
A monthly picture of the UK mortgage market. Quoted rates are averages of mortgages lenders were advertising. Effective rates are what borrowers are actually paying. They are statistics for the month shown, not a deal you can apply for today.
Bank of England · August 2026 · checked 2026-10-02. House prices are July 2026 (provisional).
Completed residential transactions
HMRC counted 96,250 UK residential transactions in August 2026 before seasonal adjustment, and 95,220 after adjustment. That month is still provisional. These are completions of £40,000 or above, not mortgage approvals and not prices.
How to read the units
House purchase approvals (LPMVTVX) are a count of approvals, seasonally adjusted. The value series is sterling millions, not a count. Net secured lending is the monthly change in sterling millions, and it can fall. Do not add these together.
The effective rate on new advances (CFMBJ95) is not the same series as the effective rate on outstanding balances (CFMHSDE). Outstanding balances include older fixes, so that rate usually moves more slowly.
Bank of England statistics may be reproduced with acknowledgement. These are market statistics, not products available to an individual borrower. Methodology. Download the stored history (CSV).
Talk to an FCA-authorised broker about a remortgage or purchase