Rightmove plc

11/06/2024 | Press release | Distributed by Public on 11/07/2024 10:33

Rightmove’s weekly mortgage tracker

Rightmove's weekly mortgage tracker

Headlines

  • The average 5-year fixed mortgage rate is now 4.66%, down from 5.33% a year ago
  • The average 2-year fixed mortgage rate is now 4.92%, down from 5.76% a year ago
  • The average 85% LTV 5-year fixed mortgage rate is now 4.69%, down from 5.40% a year ago
  • The average 60% LTV 5-year fixed mortgage rate is now 4.05%, down from 4.91% 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 £1,093per month, down from £1,159 per month a year ago

Latest rates data

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

Loan to Value (LTV) Term Average rate
30 Oct 2024 		Average rate
06 Nov 2024 		Weekly Change
95% 2-year fixed 5.56% 5.55% -0.01%
95% 5-year fixed 5.23% 5.21% -0.02%
90% 2-year fixed 5.35% 5.33% -0.02%
90% 5-year fixed 4.89% 4.89% +0.00%

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

Loan to Value (LTV) Term Average rate
30 Oct 2024 		Average rate
06 Nov 2024 		Weekly Change
85% 2-year fixed 4.93% 4.94% +0.01%
85% 5-year fixed 4.66% 4.69% +0.03%
75% 2-year fixed 4.69% 4.68% -0.01%
75% 5-year fixed 4.45% 4.47% +0.02%

Average fixed-term mortgage rates for home-buyers with 40% deposits

Loan to Value (LTV) Term Average rate
30 Oct 2024 		Average rate
06 Nov 2024 		Weekly Change
60% 2-year fixed 4.17% 4.15% -0.02%
60% 5-year fixed 4.04% 4.05% +0.01%