Rightmove says fixed mortgage rates may hold steady as Bank of England raises base rate to 4%
TLT•Rightmove analysis indicates fixed mortgage rates may hold steady after the Bank of England raised its base rate from 3.75% to 4%. Average two-year and five-year fixed rates were 5.51% and 5.49%, respectively, on November 5, 2026, both down 0.02 percentage points over the week.
1. Mortgage rates and costs
Rightmove analysis indicates the base-rate increase need not push fixed mortgage rates higher; some major lenders made marginal cuts. Tracker rates face an immediate increase, while monthly mortgage costs for typical flat buyers are around £150 higher than at the start of the year and detached-home buyers face roughly £350 more.
