Rightmove plc

11/22/2024 | Press release | Archived content

Rightmove’s weekly mortgage tracker

Rightmove's weekly mortgage tracker

Please find Rightmove's weekly mortgage tracker below.

The current average asking price of a typical first-time buyer property is £225,340. For someone taking out an average five-year fixed, 85% LTV mortgage, the average monthly mortgage repayment on this type of home is now £1,104 per month if repaying over 25 years, compared with £1,138 per month a year ago (when the average first-time buyer property asking price was £223,426).

Latest rates data

Average rates for 2-year and 5-year fixed-rate mortgages

Term Average rate Weekly change Yearly change
2-year fixed 5.08% +0.02% -0.51%
5-year fixed 4.86% +0.01% -0.32%
Term Lowest rate Weekly change Yearly change
2-year fixed 4.22% +0.00% -0.56%
5-year fixed 4.14% +0.00% -0.29%

Average fixed-term mortgage rates for home-buyers with 5-10% deposits

Loan to Value (LTV) Term Avg rate
15 Nov 2024 		Avg rate
22 Nov 2024 		Weekly Change Yearly Change
95% 2-year-fixed 5.63% 5.65% +0.02% -0.34%
95% 5-year-fixed 5.30% 5.34% +0.04% -0.18%
90% 2-year-fixed 5.47% 5.49% +0.02% -0.32%
90% 5-year-fixed 5.07% 5.07% +0.00% -0.24%

Average fixed-term mortgage rates for home-buyers with 15-25% deposits

Loan to Value (LTV) Term Avg rate
15 Nov 2024 		Avg rate
22 Nov 2024 		Weekly Change Yearly Change
85% 2-year-fixed 5.08% 5.10% +0.02% -0.62%
85% 5-year-fixed 4.84% 4.86% +0.02% -0.39%
75% 2-year-fixed 4.82% 4.84% +0.02% -0.60%
75% 5-year-fixed 4.70% 4.71% +0.01% -0.38%
Loan to Value (LTV) Term Avg rate
15 Nov 2024 		Avg rate
22 Nov 2024 		Weekly Change Yearly Change
60% 2-year-fixed 4.38% 4.38% +0.00% -0.61%
60% 5-year-fixed 4.31% 4.33% +0.02% -0.29%

These rates are provided by Podium and are an average based on 95% of the mortgage market. All rates are based on products with a circa £999 fee.