UK quoted mortgage rates: 2-year fixed 90% LTV
UK quoted mortgage rates: 2-year fixed 90% LTV stood at 5.7% in Sep 2026, according to Bank of England. It is one of the indicators in the Savings and loan rates table (Value · Monthly), with a complete series running from Dec 1995 to Sep 2026. The complete series with an interactive chart, free to download.
This indicator in the Savings and loan rates table
| Indicator | 09-2026 | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Quoted mortgage rates | |||||||||||
| 2-year fixed mortgage, 90% loan to value | 5.7 | 5.52 | 5.48 | 5.54 | 5.63 | 5.8 | 5.23 | 4.82 | 4.8 | 4.83 | |
| 2-year fixed mortgage, 75% loan to value | 5.13 | 4.92 | 4.79 | 4.8 | 4.91 | 5.14 | 4.45 | 3.97 | 3.93 | 3.97 |
Understanding UK quoted mortgage rates: 2-year fixed 90% LTV
Advertised percentage interest rates offered by financial institutions across the United Kingdom for two-year fixed-rate mortgages at a high loan-to-value ratio capture the baseline pricing quoted to prospective homebuyers with modest deposits. This quoted rate series differs from effective interest rate measures because it reflects headline advertised offers rather than actual balances held on lender balance sheets, serving as a forward-looking indicator of retail mortgage pricing competition. The specific loan-to-value tier targets borrowers with smaller equity buffers, which typically incorporates higher risk pricing compared to lower loan-to-value categories.
When interpreting this monthly series, analysts must recognise that quoted rates represent initial promotional offerings rather than the weighted average cost paid by existing mortgage holders. Comparing these advertised rates with effective new business rates reveals whether lenders are offering headline discounts to attract applicants. Revisions are rare since these figures capture prevailing advertised menu rates rather than survey-based samples subject to retroactive adjustment. Seasonal fluctuations often align with property market cycles, though wholesale swap rate volatility remains the primary driver of month-to-month changes.
Frequently asked questions
- What does a high loan-to-value ratio mean for this mortgage series?
- It indicates mortgages where the borrower provides a smaller deposit relative to the property value, typically attracting higher interest rates due to increased lender risk.
- How do quoted rates differ from effective mortgage interest rates?
- Quoted rates show advertised headline offers for new applicants, whereas effective rates measure what borrowers actually pay across existing or newly drawn loans.
- Why do these rates fluctuate month to month?
- Lenders adjust their advertised two-year fixed products dynamically in response to movements in wholesale swap markets and competitive pressures.