The cost of borrowing remains historically low

5th May 2021

The cost of borrowing remains historically low, with the average mortgage rate just 2.09%. This rate remains unchanged since the start of 2021, with gross mortgage lending in March hitting its highest ever monthly total at £35.6 billion.

Mortgage approvals remain over 20% higher than the long-term, as interest in moving home continues. The UK base rate has now remained at 0.1% for over a year. With inflation remaining significantly below target and the economy still in recovery there is little evidence this will change imminently.

To find out more, contact the Mortgage Hub on 03454 500 200, or visit

Previous Mortgage Rates

2000      7.12%

2005      5.52%

2010      3.66%

2015      3.14%

2020      2.33%

2021      2.09%




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Kevin Hogan from Charters Financial Services has helped me with five mortgages since 2012 (Including my first one!) and each time it has been by far the least stressful and most successful part of any house move I've had. He has always done a great job of talking through the options and never fixates on or insists on a single provider. I would definitely recommend Kevin and team for anyone looking for a mortgage.

Steve D

June 2020

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