Investing.com -- The average interest rate on a common UK mortgage has dropped below 5% for the first time since former prime minister Liz Truss’ mini-budget in 2022.
Data released by Moneyfacts on Wednesday showed the average rate on a two-year fixed mortgage deal for homeowners decreased to 4.99%.
This marks the first time the rate has fallen below the 5% threshold since September 29, 2022.
The Moneyfacts website, which compares financial products, provided the data showing this milestone in UK mortgage rates.
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UK mortgage rates fall below 5% for first time since 2022
Published 2 months ago
Aug 13, 2025 at 9:29 AM
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