Created Nov 4, 2026 • AI-generated summary
UK Finance's November 2026 mortgage update, reported 4 November 2026: average outstanding balances by product type — fixed £175,655 vs tracker £147,468 (a £28,000 gap) and SVR £68,550; average rates 3.98% fixed, 4.84% tracker, 6.52% SVR; average monthly repayments £1,013/£966/£662. UK Finance calculated a 0.25pp base rate rise would add £30.72 to average tracker and £14.28 to SVR monthly payments. Of 8.47 million outstanding residential mortgages, 87% fixed (7.37m), 6% tracker (510k), 6% SVR (470k); ~2.3 million fixed deals due to expire by end of 2027. Membership limited to coverage of this specific UK Finance November 2026 mortgage update.
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Fixed rate borrowers owe average of £28,000 more than tracker customers
Mortgage Solutions
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Nov 4, 2026
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