Average mortgage rates below 5%

Average UK mortgage rates have fallen below 5% to 4.99% as of November 3, matching September’s level after an October rise, according to Moneyfacts. The drop signals a more competitive lending market and relief for borrowers facing renewals. However, experts warn the decline may be short-lived, depending on future Bank of England rate decisions and market conditions. 

The Independent (04/11/2025)   The Standard (04/11/2025)