Buyer demand weakened again in September, and London is feeling it more
Surveyors reported fewer buyers and more homes coming to market. The official figures show London prices down 3.3% over the year, with flats down 6.6%.
54,918 mortgages approved for house purchase in August, the lowest month of 2026 so far
Bank Rate shown at its level at the end of each month. Source: Bank of England.
Show the figures
| Period | 2-year fixed | 5-year fixed | Bank Rate |
|---|---|---|---|
| Sep 2026 | 5.13% | 4.98% | 3.75% |
| Aug 2026 | 4.92% | 4.78% | 3.75% |
| Jul 2026 | 4.79% | 4.58% | 3.75% |
| Jun 2026 | 4.8% | 4.62% | 3.75% |
| May 2026 | 4.91% | 4.77% | 3.75% |
| Apr 2026 | 5.14% | 4.96% | 3.75% |
| Mar 2026 | 4.45% | 4.42% | 3.75% |
| Feb 2026 | 3.97% | 4% | 3.75% |
| Jan 2026 | 3.93% | 3.94% | 3.75% |
| Dec 2025 | 3.97% | 3.99% | 3.75% |
| Nov 2025 | 4.06% | 4.06% | 4% |
| Oct 2025 | 4.2% | 4.17% | 4% |
| Sep 2025 | 4.19% | 4.16% | 4% |
| Aug 2025 | 4.1% | 4.11% | 4% |
| Jul 2025 | 4.21% | 4.15% | 4.25% |
| Jun 2025 | 4.28% | 4.26% | 4.25% |
| May 2025 | 4.18% | 4.19% | 4.25% |
| Apr 2025 | 4.42% | 4.29% | 4.5% |
| Mar 2025 | 4.54% | 4.32% | 4.5% |
| Feb 2025 | 4.65% | 4.38% | 4.5% |
| Jan 2025 | 4.63% | 4.37% | 4.75% |
| Dec 2024 | 4.6% | 4.37% | 4.75% |
| Nov 2024 | 4.53% | 4.29% | 4.75% |
| Oct 2024 | 4.4% | 4.06% | 5% |
| Sep 2024 | 4.58% | 4.09% | 5% |
| Aug 2024 | 4.8% | 4.33% | 5% |
| Jul 2024 | 4.99% | 4.49% | 5.25% |
| Jun 2024 | 5.16% | 4.64% | 5.25% |
| May 2024 | 5.19% | 4.66% | 5.25% |
| Apr 2024 | 4.98% | 4.51% | 5.25% |
| Mar 2024 | 4.96% | 4.53% | 5.25% |
| Feb 2024 | 4.76% | 4.41% | 5.25% |
| Jan 2024 | 4.71% | 4.43% | 5.25% |
| Dec 2023 | 5.03% | 4.68% | 5.25% |
| Nov 2023 | 5.28% | 4.89% | 5.25% |
| Oct 2023 | 5.6% | 5.02% | 5.25% |
| Sep 2023 | 5.91% | 5.24% | 5.25% |
| Aug 2023 | 6.18% | 5.53% | 5.25% |
| Jul 2023 | 6.22% | 5.71% | 5% |
| Jun 2023 | 5.49% | 4.95% | 5% |
| May 2023 | 4.72% | 4.28% | 4.5% |
| Apr 2023 | 4.6% | 4.16% | 4.25% |
| Mar 2023 | 4.74% | 4.26% | 4.25% |
| Feb 2023 | 4.79% | 4.36% | 4% |
| Jan 2023 | 5.14% | 4.66% | 3.5% |
| Dec 2022 | 5.43% | 5.05% | 3.5% |
| Nov 2022 | 5.98% | 5.5% | 3% |
| Oct 2022 | 5.99% | 5.61% | 2.25% |
| Sep 2022 | 4.17% | 3.97% | 2.25% |
| Aug 2022 | 3.6% | 3.61% | 1.75% |
| Jul 2022 | 3.48% | 3.43% | 1.25% |
| Jun 2022 | 2.87% | 2.9% | 1.25% |
| May 2022 | 2.63% | 2.62% | 1% |
| Apr 2022 | 2.35% | 2.35% | 0.75% |
| Mar 2022 | 2.14% | 2.11% | 0.75% |
| Feb 2022 | 1.78% | 1.79% | 0.5% |
| Jan 2022 | 1.64% | 1.63% | 0.25% |
| Dec 2021 | 1.57% | 1.59% | 0.25% |
| Nov 2021 | 1.53% | 1.52% | 0.1% |
| Oct 2021 | 1.29% | 1.3% | 0.1% |
| Sep 2021 | 1.2% | 1.28% | 0.1% |
| Aug 2021 | 1.23% | 1.39% | 0.1% |
| Jul 2021 | 1.29% | 1.45% | 0.1% |
| Jun 2021 | 1.39% | 1.6% | 0.1% |
| May 2021 | 1.47% | 1.68% | 0.1% |
| Apr 2021 | 1.49% | 1.71% | 0.1% |
| Mar 2021 | 1.56% | 1.74% | 0.1% |
| Feb 2021 | 1.61% | 1.8% | 0.1% |
| Jan 2021 | 1.75% | 1.92% | 0.1% |