Rightmove’s weekly mortgage tracker

Please find Rightmove’s weekly mortgage tracker below.

Headlines

  • The average 5-year fixed mortgage rate is now 4.64%, down from 5.36% a year ago
  • The average 2-year fixed mortgage rate is now 4.91%, down from 5.81% a year ago
  • The average 85% LTV 5-year fixed mortgage rate is now 4.66%, down from 5.44% a year ago
  • The average 60% LTV 5-year fixed mortgage rate is now 4.04%, down from 4.94% 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 £1,089 per month, down from £1,164 per month a year ago

 

Latest rates data

LTV

(loan to value)

 

Term

 

Average rate 31st October 2024 Lowest rate 31st October 2024

Average rate

a year ago

 

All

 

2 year fixed 4.91% 3.96% 5.81%

 

All

 

5 year fixed 4.64% 3.84% 5.36%

 

LTV

(loan to value)

 

Term

 

Average rate 31st October 2024 Lowest rate 31st October 2024

Average rate

a year ago

 

95%

 

2 year fixed 5.56% 5.20% 6.24%

 

95%

 

5 year fixed 5.23% 4.90% 5.76%

 

90%

 

2 year fixed 5.35% 4.87% 6.05%

 

90%

 

5 year fixed 4.89% 4.49% 5.51%

 

 

LTV (loan to value)

 

Term

Average rate 31st October 2024 Lowest rate 31st October 2024

Average rate

a year ago

 

85%

 

2 year fixed 4.93% 4.47% 5.96%

 

85%

 

 

5 year fixed

 

4.66% 4.09% 5.44%

 

75%

 

 

2 year fixed

4.69% 4.11% 5.57%

 

75%

 

 

5 year fixed

 

4.46% 3.89% 5.16%

 

60%

 

 

2 year fixed

 

4.17% 3.96% 5.37%

 

60%

 

 

5 year fixed

4.04% 3.84% 4.94%

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 £226,868, for someone taking out an average five-year fixed, 85% LTV mortgage, is now £1,089 per month if repaying over 25 years, compared with £1,164 per month a year ago (when the average first-time buyer property asking price was £224,263).

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.

Contact our press team

Email: press@rightmove.co.uk

Financial PR team

Sodali: Rob Greening / Elly Williamson
Tel: 0207 250 1446
Email: rightmove@sodali.com