The average Standard Variable Rate (SVR) was 4.41% in November 2018, up slightly from a year ago.
The average 2-year fixed mortgage rate was 1.74% in November, up 0.13% points from a year ago.
The increase in fixed-term interest rates in the past year follows the Bank of England raising its base interest rate in November 2017 (from 0.25% to 0.5%). Interest rates were raised again in August 2018 (from 0.5% to 0.75%).
Read Full News Story » UK Economic Indicators January 2019