{"id":134138,"title":"UK mortgage rates hit 19-month high as borrowing costs surge","publisher":"Share Talk","author":"sharetalk","published":"2026-03-27T10:11:52+00:00","modified":"2026-03-27T10:11:52+00:00","canonical_url":"https://www.share-talk.com/uk-mortgage-rates-hit-19-month-high-as-borrowing-costs-surge/","markdown_url":"https://www.share-talk.com/uk-mortgage-rates-hit-19-month-high-as-borrowing-costs-surge.md","json_url":"https://www.share-talk.com/uk-mortgage-rates-hit-19-month-high-as-borrowing-costs-surge.json","category":"B2B","categories":["B2B","Blogs","Business & Support Services","Technology","Technology, Media & Telecoms"],"tags":["Bank of England","higher mortgage costs","Moneyfacts data","mortgage rates","UK"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/01/uk-house-750x406-1.jpg?fit=750%2C406&quality=89&ssl=1","format":"news","language":"en-GB","content":"UK mortgage rates have climbed sharply again, reaching their **highest levels in over 19 months** as global uncertainty pushes up borrowing costs.\n\nAccording to **Moneyfacts data**, the **average two-year fixed rate has risen to 5.75%**, up from **4.83% at the start of March**, while the **average five-year fix has increased to 5.69%** from **4.95%** over the same period.\n\nMarkets are now pricing in the possibility that the **Bank of England **could raise interest rates to around **4.5% by the end of 2026**, although some economists believe rates may instead be held to avoid further economic strain.\n\nLenders have been rapidly repricing products, with around **three-quarters increasing rates or adjusting their offerings** in recent days. While some deals are returning to the market, they are coming back at **significantly higher levels**, leaving overall choice still well below earlier in the month.\n\nThe impact on borrowers is already substantial. The cheapest available mortgage rates have jumped from **3.51% to 4.47%**, adding roughly **£132 per month (around £1,600 a year)** to repayments on a typical £250,000 loan.\n\nWith markets volatile and funding costs rising, borrowers are being warned to **prepare for higher mortgage costs**, even if tensions ease in the near term."}