Rightmove plc
Rightmove plc
10/18/2024 | Press release | Archived content
Rightmove’s weekly mortgage tracker
Rightmove's weekly mortgage tracker
Please find Rightmove's weekly mortgage tracker below.
Headlines
- The average 5-year fixed mortgage rate is now 4.62%, down from 5.40% a year ago
- The average 2-year fixed mortgage rate is now 4.93%, down from 5.90% a year ago
- The average 85% LTV 5-year fixed mortgage rate is now 4.63%, down from 5.50% a year ago
- The average 60% LTV 5-year fixed mortgage rate is now 4.03%, down from 4.98% a year ago
- The average monthly mortgage payment on a typical first-time buyer type property when taking out an average five-year fixed, 85% LTV mortgage, is now £1,086per month, down from £1,168 per month a year ago
Latest rates data
|
LTV (loan to value) |
Term |
Average rate 18th October 2024 | Lowest rate 18th October 2024 |
Average rate a year ago |
|
All |
2 year fixed | 4.93% | 3.92% | 5.90% |
|
All |
5 year fixed | 4.62% | 3.75% | 5.40% |
|
LTV (loan to value) |
Term |
Average rate 18th October 2024 | Lowest rate 18th October 2024 |
Average rate a year ago |
|
95% |
2 year fixed | 5.52% | 5.20% | 6.26% |
|
95% |
5 year fixed | 5.19% | 4.90% | 5.79% |
|
90% |
2 year fixed | 5.34% | 4.90% | 6.15% |
|
90% |
5 year fixed | 4.87% | 4.49% | 5.59% |
|
LTV (loan to value) |
Term |
Average rate 18th October 2024 | Lowest rate 18th October 2024 |
Average rate a year ago |
|
85% |
2 year fixed | 4.94% | 4.44% | 6.06% |
|
85% |
5 year fixed |
4.63% | 4.09% | 5.50% |
|
75% |
2 year fixed |
4.69% | 4.04% | 5.64% |
|
75% |
5 year fixed |
4.44% | 3.87% | 5.22% |
|
60% |
2 year fixed |
4.21% | 3.92% | 5.42% |
|
60% |
5 year fixed |
4.03% | 3.75% | 4.98% |
Rightmove can provide average monthly mortgage payments based on the latest available asking price and mortgage rate data. For example, the average monthly mortgage payment on a first-time buyer type property which is currently £227,570, for someone taking out an average five-year fixed, 85% LTV mortgage, is now £1,086per month if repaying over 25 years, compared with £1,168 per month a year ago (when the average first-time buyer property asking price was £225,244).
Average mortgage rates to be credited to Rightmove. The data is provided by specialist mortgage technology provider Podium Solutions. The data covers 95% of mortgage lending, to exclude specialist lenders. All rates are based on products with a circa £999 fee. If you would like further data on different LTVs or fixed terms, please contact us.