DBF Rate Monitor - November 2026
- BoE Bank Rate (next decision Thu 5 Nov 2026)
- 3.75%BoE Bank Rate (next decision Thu 5 Nov 2026)
- best 2yr fix (+0.09%)
- 4.78%best 2yr fix (+0.09%)
- best 5yr fix (-0.08%)
- 4.78%best 5yr fix (-0.08%)
- best 90% LTV (+0.38%)
- 5.15%best 90% LTV (+0.38%)
Rates up about 0.1%, 5-year now equal to 2-year, MPC on 5 November. The best 2-year fix rose from 4.69% to 4.78% while the best 5-year fell to the same 4.78%; 90% LTV deals rose most, to 5.15%. This page is republished on the first working day of every month and archived, so the history is kept.
UK Finance Rate Monitor - November 2026
Swipe the table sideways to see every column.
| Measure | October guide | November | Change |
|---|---|---|---|
| Bank Rate | 3.75% | 3.75% | no change |
| Best 2yr fix (purchase) | 4.69% | 4.78% | +0.09% |
| Best 5yr fix (purchase) | 4.86% | 4.78% | -0.08% |
| Best 2yr remortgage | 4.88% | 4.82% | -0.06% |
| Best 90% LTV / first-time buyer | 4.77% | 5.15% | +0.38% |
| Best BTL 5yr fix | 5.02% | 4.59% (65% LTV, high fee) | -0.43% |
| Best 2yr tracker | 3.99% | 3.99% | no change |
| Average SVR | 7.13% | 7.13% | no change |
| Average 2yr fix | 5.92% | 5.97% | +0.05% |
| Average 5yr fix | 5.94% | 6.00% | +0.06% |
| Bridging market average | 0.81%/mo | 0.81%/mo | no change |
| Development finance | from 8.8% | from 8.8% | no change |
What changed in November
The best 5-year fix fell 0.08% while the best 2-year rose 0.09%, so the two are now level at 4.78%. Average fixed rates edged up to 5.97% (2-year) and 6.00% (5-year).
High-LTV borrowers saw the biggest move, with the best 90% deal up from 4.77% to 5.15%. Buy-to-let 5-year headlines fell to 4.59%, but only at 65% LTV with a high fee, so compare the APRC.
Deals now last 13 days on average (Moneyfacts), so quotes can be withdrawn quickly.
What to watch
Bank Rate is 3.75% (next decision Thu 5 Nov 2026). Most economists expect a rise to 4.00%: 54 of 63 in a Reuters poll on 15 October.
If the MPC holds, markets are still likely to price a rise at the 17 December meeting. Bridging Trends Q3 2026 data is due mid-November.
What this month's move costs: worked example
- October best 2yr fix at 4.69%
- £1,417 a month
- November best 2yr fix at 4.78%
- £1,430 a month
- The +0.09% move adds
- about £13 a month (£155 a year)
£250,000 over 25 years on a repayment mortgage, at the best 2-year fix.
Deals last 13 days on average - lock in today, review before completion
The figures above are indicative and describe the best case. Send your own scenario and we will come back the same working day with terms from the lenders that actually fit it.
- Enquiry type
- Mortgage
- About
- Rate Monitor Nov 2026
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What happens next
- Fill in the form. It takes about 2 minutes.
- We'll email you back with any additional questions, then match you with the right specialist for your situation.
- A specialist independent broker will contact you to discuss your situation and present options.
Enough detail to price it is the amount, the security, the purpose and how you plan to repay. The rest we can fill in on a call.
Whole of market · 130+ lenders · FCA 814533 · Same working day response
Rate context and outlook
Bank Rate is 3.75% (next decision Thu 5 Nov 2026). Most economists expect a rise to 4.00%: 54 of 63 in a Reuters poll on 15 October. Fixed rates are priced from swap rates rather than Bank Rate, so much of the expected move is already in fixed pricing: the best 2-year and 5-year fixes are now level at 4.78%, and the Moneyfacts averages are 5.97% (2-year) and 6.00% (5-year).
The average deal stays on sale for only 13 days (Moneyfacts), so a quoted rate can disappear quickly. If your deal ends in the next six months, securing a rate now and reviewing it before completion is the lower-risk approach. Trackers (best 2-year 3.99%) move with every Bank Rate change.
Reviewed by David Doulton, Director, Doulton Bridging Finance, over 20 years in property finance. Last reviewed 3 November 2026. Doulton Money Ltd t/a Doulton Bridging Finance, FCA No. 814533.
Frequently asked questions
Did mortgage rates go up in November 2026?
Slightly. The best 2-year fix rose from 4.69% to 4.78% and the best 90% LTV deal from 4.77% to 5.15%, while the best 5-year fell from 4.86% to 4.78%.
Is a 5-year fix the same as a 2-year fix now?
At the best-buy end, yes: both start at 4.78% in November 2026. A 5-year fix buys longer certainty for no extra rate, but check the fees and early repayment charges.
What is the Bank of England base rate in November 2026?
Bank Rate is 3.75% (next decision Thu 5 Nov 2026). Most economists expect a rise to 4.00%: 54 of 63 in a Reuters poll on 15 October.
Have bridging rates changed?
No. The market average is 0.81% per month (Bridging Trends Q2 2026); Q3 data is due mid-November.
Where can I see last month's figures?
Each edition is archived. The October 2026 Rate Monitor stays live with its original figures.
Why did buy-to-let rates fall?
Lenders cut headline 5-year rates to 4.59%, but at 65% LTV with a high arrangement fee. On smaller loans a higher rate with a lower fee is often cheaper overall.
How much can I borrow?
Usually 4 to 4.5 times income, with some lenders going to 5 or 5.5 times for higher earners and certain professions, subject to affordability.
How long does a mortgage take?
A mortgage in principle takes minutes to a day; a full offer usually takes 2–4 weeks from application.
Is a lower rate with a high fee better than a no-fee deal?
It depends on the loan size. On smaller loans the no-fee deal often wins; we compare the total cost over the fixed period.
How early can I remortgage?
You can secure a new deal up to six months before your current one ends.
What documents will I need?
ID, proof of address, 3 months' payslips and bank statements, or 2 years' accounts or tax calculations if self-employed.
Where this applies
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Independent whole-of-market advice · FCA No. 814533