Average mortgage rate remains historically low

Average mortgage rate remains historically low

We take a quick look at the cost of borrowing

  • The cost of borrowing remains historically low according to new data released by the Bank of England, the average mortgage rate just 2.09%.
  • This rate has remained 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 (5 year average), as interest in moving home continues.
  • The Bank of England Monetary Policy Committee voted unanimously on 5 May to maintain rates at 0.1%. The next meeting is tomorrow 16th June.
  • Source: Dataloft, Bank of England


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This superbly presented 4-bed detached family home in Attleborough offers modern, comfortable living. Including dual-aspect lounge with ornamental fireplace, versatile dining/study, spacious kitchen/breakfast room with twin doors to the garden, dual-aspect master with en suite, family bathroom, garage, driveway, and enclosed rear garden.

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