Rightmove plc

07/11/2024 | 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 4.97%, down from 5.91 % a year ago
  • The average 2-year fixed mortgage rate is now 5.35%, down from 6.42% a year ago
  • The average 85% LTV 5-year fixed mortgage rate is now 4.97%, down from 5.90% a year ago
  • The average 60% LTV 5-year fixed mortgage rate is now 4.35%, down from 5.78% 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 £1,128per month, down from £1,228 per month a year ago

Latest rates data

LTV

(loan to value)

Term

Average rate 11th July 2024 Lowest rate 11th July 2024

Average rate

a year ago

95%

2 year fixed 6.12% 5.54% 6.93%

95%

5 year fixed 5.67% 5.24% 6.23%

90%

2 year fixed 5.63% 5.19% 6.51%

90%

5 year fixed 5.14% 4.75% 5.99%

LTV (loan to value)

Term

Average rate 11th July 2024 Lowest rate 11th July 2024

Average rate

a year ago

85%

2 year fixed 5.36% 4.89% 6.40%

85%

5 year fixed

4.97% 4.54% 5.90%

75%

2 year fixed

5.18% 4.72% 6.24%

75%

5 year fixed

4.82% 4.36% 5.73%

60%

2 year fixed

4.78% 4.63% 6.24%

60%

5 year fixed

4.35% 4.20% 5.78%

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 £227,757, for someone taking out an average five-year fixed, 85% LTV mortgage, is now £1,128per month if repaying over 25 years, compared with £1,228 per month a year ago (when the average first-time buyer property asking price was £226,412).

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.