Rightmove market commentary + weekly mortgage rates tracker
Rightmove’s mortgage expert Matt Smith says: “The mortgage market is still quite sensitive to outside noise, and despite the volume turning up recently from across the Atlantic, we’re seeing lenders continue to be as competitive as they can be as the Spring market begins. As the stamp duty deadline edges nearer, we expect a rush to complete from those in the process of buying a home, particularly from affordability stretched first-time buyers eager to avoid unnecessarily parting with thousands of extra pounds.”
Average rates for 2-year and 5-year fixed-rate mortgages
| Term | Average rate | Weekly change | Yearly change |
| 2-year fixed | 4.84% | -0.03% | -0.36% |
| 5-year fixed | 4.68% | -0.01% | -0.15% |
Lowest rates for 2-year and 5-year fixed-rate mortgages
| Term | Lowest rate | Weekly change | Yearly change |
| 2-year fixed | 3.95% | -0.09% | -0.51% |
| 5-year fixed | 3.92% | -0.05% | -0.21% |
Average fixed-term mortgage rates for home-buyers with 5-10% deposits
| Loan to Value (LTV) | Term | Avg rate 28 Feb 2025 |
Avg rate 07 Mar 2025 |
Weekly Change | Yearly Change |
| 95% | 2-year-fixed | 5.59% | 5.52% | -0.07% | -0.35% |
| 95% | 5-year-fixed | 5.31% | 5.27% | -0.04% | -0.19% |
| 90% | 2-year-fixed | 5.23% | 5.17% | -0.06% | -0.25% |
| 90% | 5-year-fixed | 4.90% | 4.88% | -0.02% | -0.08% |
Average fixed-term mortgage rates for home-buyers with 15-25% deposits
| Loan to Value (LTV) | Term | Avg rate 28 Feb 2025 |
Avg rate 07 Mar 2025 |
Weekly Change | Yearly Change |
| 85% | 2-year-fixed | 4.83% | 4.80% | -0.03% | -0.40% |
| 85% | 5-year-fixed | 4.68% | 4.65% | -0.03% | -0.12% |
| 75% | 2-year-fixed | 4.67% | 4.64% | -0.03% | -0.40% |
| 75% | 5-year-fixed | 4.55% | 4.52% | -0.03% | -0.21% |
Average fixed-term mortgage rates for home-buyers with 40% deposits
| Loan to Value (LTV) | Term | Avg rate 28 Feb 2025 |
Avg rate 07 Mar 2025 |
Weekly Change | Yearly Change |
| 60% | 2-year-fixed | 4.26% | 4.26% | +0.00% | -0.40% |
| 60% | 5-year-fixed | 4.16% | 4.18% | +0.02% | -0.16% |
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.
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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