Mortgage rates surged at an unprecedented pace in 2022, with the average 10-year fixed rate doubling between March and December of that year. In response to mounting inflation, the Bank of England implemented a series of rate hikes, pushing borrowing costs steadily higher. By October 2025, the average 10-year fixed mortgage rate stood at **** percent. As financing becomes more expensive, housing demand has cooled, weighing on market sentiment and slowing house price growth. How have the mortgage hikes affected the market? After surging in 2021, the number of residential properties sold fell significantly in 2023, dipping to just above *** million transactions. This contraction in activity also dampened mortgage lending. Between the first quarter of 2023 and the first quarter of 2024, the value of new mortgage loans declined year-on-year for five consecutive quarters. Even as rates eased modestly in 2024 and housing activity picked up slightly, volumes remained well below the highs recorded in 2021. How are higher mortgages impacting homebuyers? For homeowners, the impact is being felt most acutely as fixed-rate deals expire. Mortgage terms in the UK typically range from two to ten years, and many borrowers who locked in historically low rates are now facing significantly higher repayments when refinancing. By the end of 2026, an estimated five million homeowners will see their mortgage deals expire. Roughly two million of these loans are projected to experience a monthly payment increase of up to *** British pounds by 2026, putting additional pressure on household budgets and constraining affordability across the market.

This statistic shows the levels of concern among the British adult mortgage holders with regards to increases in interest rates impacting their mortgage payments as of *********, divided by regions. Approximately ** percent of respondents in Wales were not concerned about potential rises in interest rates at that time. In comparison, ** percent of Scottish mortgage holders remained calm about possible interest rate hikes.

India Base Rate: Foreign Banks: The Royal Bk of Scotland data was reported at 5.950 % pa in Dec 2018. This records an increase from the previous number of 5.750 % pa for Sep 2018. India Base Rate: Foreign Banks: The Royal Bk of Scotland data is updated quarterly, averaging 9.000 % pa from Sep 2010 (Median) to Dec 2018, with 34 observations. The data reached an all-time high of 10.250 % pa in Sep 2013 and a record low of 5.650 % pa in Jun 2018. India Base Rate: Foreign Banks: The Royal Bk of Scotland data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Interest and Foreign Exchange Rates – Table IN.MB002: Base Rate.

India Foreign Banks: Term Loan Rate: At Least 60% Business: Low: The Royal Bank of Scotland data was reported at 6.700 % pa in Jun 2018. This records an increase from the previous number of 2.000 % pa for Sep 2017. India Foreign Banks: Term Loan Rate: At Least 60% Business: Low: The Royal Bank of Scotland data is updated quarterly, averaging 2.000 % pa from Sep 2010 (Median) to Jun 2018, with 30 observations. The data reached an all-time high of 10.000 % pa in Sep 2013 and a record low of 2.000 % pa in Sep 2017. India Foreign Banks: Term Loan Rate: At Least 60% Business: Low: The Royal Bank of Scotland data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Interest and Foreign Exchange Rates – Table IN.MB042: Lending Rate: Other than Export Credit: Term Loan Rate: At Least 60% Business: Low.

India Foreign Banks: Term Loan Rate: High: The Royal Bank of Scotland data was reported at 10.500 % pa in Jun 2018. This records an increase from the previous number of 2.000 % pa for Sep 2017. India Foreign Banks: Term Loan Rate: High: The Royal Bank of Scotland data is updated quarterly, averaging 22.000 % pa from Sep 2010 (Median) to Jun 2018, with 30 observations. The data reached an all-time high of 36.000 % pa in Dec 2012 and a record low of 2.000 % pa in Sep 2017. India Foreign Banks: Term Loan Rate: High: The Royal Bank of Scotland data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Interest and Foreign Exchange Rates – Table IN.MB041: Lending Rate: Other than Export Credit: Term Loan Rate: High.

India Foreign Banks: Cash Credit Rate: At Least 60% Business: High: The Royal Bank of Scotland data was reported at 14.000 % pa in Mar 2018. This stayed constant from the previous number of 14.000 % pa for Dec 2017. India Foreign Banks: Cash Credit Rate: At Least 60% Business: High: The Royal Bank of Scotland data is updated quarterly, averaging 14.500 % pa from Sep 2010 (Median) to Mar 2018, with 31 observations. The data reached an all-time high of 16.750 % pa in Dec 2010 and a record low of 10.700 % pa in Sep 2016. India Foreign Banks: Cash Credit Rate: At Least 60% Business: High: The Royal Bank of Scotland data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Interest and Foreign Exchange Rates – Table IN.MB035: Lending Rate: Other than Export Credit: Cash Credit Rate: At Least 60% Business: High.

India Foreign Banks: Cash Credit Rate: Low: The Royal Bank of Scotland data was reported at 14.000 % pa in Mar 2018. This stayed constant from the previous number of 14.000 % pa for Dec 2017. India Foreign Banks: Cash Credit Rate: Low: The Royal Bank of Scotland data is updated quarterly, averaging 9.000 % pa from Sep 2010 (Median) to Mar 2018, with 28 observations. The data reached an all-time high of 15.000 % pa in Dec 2010 and a record low of 8.300 % pa in Jun 2016. India Foreign Banks: Cash Credit Rate: Low: The Royal Bank of Scotland data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Interest and Foreign Exchange Rates – Table IN.MB032: Lending Rate: Other than Export Credit: Cash Credit Rate: Low.

India Foreign Banks: Pre Shipment: 181 to 270 Days: At Least 60% Business: Low: The Royal Bank of Scotland data was reported at 7.500 % pa in Jun 2018. This records a decrease from the previous number of 12.000 % pa for Mar 2016. India Foreign Banks: Pre Shipment: 181 to 270 Days: At Least 60% Business: Low: The Royal Bank of Scotland data is updated quarterly, averaging 10.000 % pa from Dec 2010 (Median) to Jun 2018, with 9 observations. The data reached an all-time high of 12.000 % pa in Mar 2016 and a record low of 7.500 % pa in Jun 2018. India Foreign Banks: Pre Shipment: 181 to 270 Days: At Least 60% Business: Low: The Royal Bank of Scotland data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Interest and Foreign Exchange Rates – Table IN.MB016: Lending Rate: Export Credit: Pre Shipment: 181 to 270 Days: At Least 60% Business: Low.

Foreign Banks: Term Loan Rate: At Least 60% Business: High: The Royal Bank of Scotland在2018-06达9.400 % 每年，相较于2017-09的2.000 % 每年有所增长。Foreign Banks: Term Loan Rate: At Least 60% Business: High: The Royal Bank of Scotland数据按季度更新，2010-09至2018-06期间平均值为13.010 % 每年，共30份观测结果。该数据的历史最高值出现于2012-12，达19.000 % 每年，而历史最低值则出现于2017-09，为2.000 % 每年。CEIC提供的Foreign Banks: Term Loan Rate: At Least 60% Business: High: The Royal Bank of Scotland数据处于定期更新的状态，数据来源于Reserve Bank of India，数据归类于India Premium Database的Interest and Foreign Exchange Rates – Table IN.MB043: Lending Rate: Other than Export Credit: Term Loan Rate: At Least 60% Business: High。

Foreign Banks: Pre Shipment: 181 to 270 Days: At Least 60% Business: Low: The Royal Bank of Scotland在2018-06达7.500 % 每年，相较于2016-03的12.000 % 每年有所下降。Foreign Banks: Pre Shipment: 181 to 270 Days: At Least 60% Business: Low: The Royal Bank of Scotland数据按季度更新，2010-12至2018-06期间平均值为10.000 % 每年，共9份观测结果。该数据的历史最高值出现于2016-03，达12.000 % 每年，而历史最低值则出现于2018-06，为7.500 % 每年。CEIC提供的Foreign Banks: Pre Shipment: 181 to 270 Days: At Least 60% Business: Low: The Royal Bank of Scotland数据处于定期更新的状态，数据来源于Reserve Bank of India，数据归类于India Premium Database的Interest and Foreign Exchange Rates – Table IN.MB016: Lending Rate: Export Credit: Pre Shipment: 181 to 270 Days: At Least 60% Business: Low。