Rightmove reaction to higher inflation figure
Commenting on this morning’s inflation figures, Rightmove’s mortgage expert Matt Smith says: “This morning’s unexpectedly high inflation figure is likely to have a knock-on effect to some of the early momentum we were starting to see in mortgage rates coming down, as the financial markets react today. We’d hoped for a sustained period of gradual falls, but with inflation increasing by 0.2% more than the market expected, we can expect to see a change in that direction. Any news which deviates from market forecasts, is likely to cause rates to rise or fall. Over the coming days, the sub-4% rates that had only just started to come out may be the first to go as mortgage lenders re-look at what they can offer home-movers.”
Rightmove’s mortgage tracker
Average rates for 2-year and 5-year fixed-rate mortgages
| Term | Average rate | Weekly change | Yearly change |
| 2-year fixed | 4.91% | -0.05% | -0.17% |
| 5-year fixed | 4.72% | -0.04% | +0.00% |
Lowest rates for 2-year and 5-year fixed-rate mortgages
| Term | Lowest rate | Weekly change | Yearly change |
| 2-year fixed | 4.15% | +0.00% | -0.23% |
| 5-year fixed | 3.99% | -0.01% | +0.00% |
Average fixed-term mortgage rates for home-buyers with 5-10% deposits
| Loan to Value (LTV) | Term | Avg rate 12 Feb 2025 |
Avg rate 19 Feb 2025 |
Weekly Change | Yearly Change |
| 95% | 2-year-fixed | 5.69% | 5.68% | -0.01% | -0.11% |
| 95% | 5-year-fixed | 5.39% | 5.37% | -0.02% | +0.02% |
| 90% | 2-year-fixed | 5.33% | 5.28% | -0.05% | -0.03% |
| 90% | 5-year-fixed | 4.97% | 4.95% | -0.02% | +0.09% |
Average fixed-term mortgage rates for home-buyers with 15-25% deposits
| Loan to Value (LTV) | Term | Avg rate 12 Feb 2025 |
Avg rate 19 Feb 2025 |
Weekly Change | Yearly Change |
| 85% | 2-year-fixed | 4.89% | 4.87% | -0.02% | -0.21% |
| 85% | 5-year-fixed | 4.75% | 4.72% | -0.03% | +0.05% |
| 75% | 2-year-fixed | 4.77% | 4.71% | -0.06% | -0.19% |
| 75% | 5-year-fixed | 4.62% | 4.57% | -0.05% | -0.04% |
Average fixed-term mortgage rates for home-buyers with 40% deposits
| Loan to Value (LTV) | Term | Avg rate 12 Feb 2025 |
Avg rate 19 Feb 2025 |
Weekly Change | Yearly Change |
| 60% | 2-year-fixed | 4.37% | 4.31% | -0.06% | -0.19% |
| 60% | 5-year-fixed | 4.25% | 4.18% | -0.07% | -0.01% |
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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