---
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"
date: 2026-03-27
canonical: "https://www.share-talk.com/uk-mortgage-rates-hit-19-month-high-as-borrowing-costs-surge/"
category: "B2B"
categories: ["B2B", "Blogs", "Business & Support Services", "Technology", "Technology, Media & Telecoms"]
tags: ["Bank of England", "higher mortgage costs", "Moneyfacts data", "mortgage rates", "UK"]
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"
---

# UK mortgage rates hit 19-month high as borrowing costs surge

**Published:** March 27, 2026
**Author:** sharetalk
**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)

---

UK mortgage rates have climbed sharply again, reaching their **highest levels in over 19 months** as global uncertainty pushes up borrowing costs.

According 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.

Markets 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.

Lenders 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.

The 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.

With markets volatile and funding costs rising, borrowers are being warned to **prepare for higher mortgage costs**, even if tensions ease in the near term.

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