You're right, it is known as a term of endearment, but it's not as common as "love" or even "cock" (where I live, a very regional term that I grant you, and not representative of the whole of the UK - don't ask me the etymology because I can't tell you lmfao). "Babe" is more common than "honey". I think "honey" is used more for kids as opposed to partners?
although "Babe" is very... idk 1980s / 1990s ? It's a bit dated
Edit: I've also heard "pigeon" used far more than "honey"
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This message was edited 10/19/2020, 3:53 AM