Rightmove’s weekly mortgage tracker
Headlines
- The average 5-year fixed mortgage rate is now 4.84%, up from 4.61% a year ago
- The average 2-year fixed mortgage rate is now 5.22%, up from 4.99% a year ago
- The average 85% LTV 5-year fixed mortgage rate is now 4.78%, up from 4.63% a year ago
- The average 60% LTV 5-year fixed mortgage rate is now 4.37%, up from 4.29% 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 £1,093 per month, up from £1,069 per month a year ago
Latest rates data
LTV (loan to value) |
Term
|
Average rate 13th March 2024 | Lowest rate 13th March 2024 |
Average rate a year ago |
95%
|
2 year fixed | 5.90% | 5.39% | 5.61% |
95%
|
5 year fixed | 5.47% | 5.09% | 5.20% |
90%
|
2 year fixed | 5.44% | 5.13% | 5.27% |
90%
|
5 year fixed | 4.98% | 4.64% | 4.84% |
LTV (loan to value) |
Term |
Average rate 13th March 2024 | Lowest rate 13th March 2024 |
Average rate a year ago |
85%
|
2 year fixed | 5.21% | 4.86% | 5.04% |
85%
|
5 year fixed
|
4.78% | 4.38% | 4.63% |
75%
|
2 year fixed |
5.06% | 4.59% | 4.77% |
75%
|
5 year fixed
|
4.73% | 4.36% | 4.38% |
60%
|
2 year fixed
|
4.68% | 4.46% | 4.71% |
60%
|
5 year fixed |
4.37% | 4.13% | 4.29% |
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 £224,815, for someone taking out an average five-year fixed, 85% LTV mortgage, is now £1,093 per month if repaying over 25 years, compared with £1,069 per month a year ago.
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.
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Financial PR team
Powerscourt: Rob Greening / Elly Williamson
Tel: 0207 250 1446
Email: rightmove@powerscourt-group.com