Rightmove’s weekly mortgage tracker
Commenting on the rise in UK borrowing costs and the potential impact on mortgage rates, Rightmove’s expert Matt Smith says: “The short term impact is that mortgage rates are likely to rise, as the cost of borrowing increases impacts lenders. However, this is unlikely to be significant and certainly not completely unexpected. Looking a bit further ahead, the market is still expecting a Bank Rate cut in February, but beyond that is uncertain right now. Despite increased costs, we’re at the start of what is traditionally the busiest period of the year for the housing market, so I expect lenders will still want to take advantage of this demand through as attractive rates as possible.”
Rightmove’s weekly mortgage tracker
| Term | Average rate | Weekly change | Yearly change |
| 2-year fixed | 5.03% | -0.02% | -0.13% |
| 5-year fixed | 4.80% | +0.00% | -0.05% |
| Term | Lowest rate | Weekly change | Yearly change |
| 2-year fixed | 4.20% | -0.01% | +0.10% |
| 5-year fixed | 4.07% | +0.00% | +0.13% |
Average fixed-term mortgage rates for home-buyers with 5-10% deposits
| Loan to Value (LTV) | Term | Avg rate 03 Jan 2025 |
Avg rate 10 Jan 2025 |
Weekly Change | Yearly Change |
| 95% | 2-year-fixed | 5.67% | 5.63% | -0.04% | +0.06% |
| 95% | 5-year-fixed | 5.29% | 5.35% | +0.06% | +0.20% |
| 90% | 2-year-fixed | 5.46% | 5.44% | -0.02% | -0.04% |
| 90% | 5-year-fixed | 5.03% | 5.02% | -0.01% | +0.05% |
Average fixed-term mortgage rates for home-buyers with 15-25% deposits
| Loan to Value (LTV) | Term | Avg rate 03 Jan 2025 |
Avg rate 10 Jan 2025 |
Weekly Change | Yearly Change |
| 85% | 2-year-fixed | 5.07% | 5.08% | +0.01% | -0.19% |
| 85% | 5-year-fixed | 4.84% | 4.83% | -0.01% | -0.12% |
| 75% | 2-year-fixed | 4.80% | 4.79% | -0.01% | -0.18% |
| 75% | 5-year-fixed | 4.65% | 4.65% | +0.00% | -0.14% |
Average fixed-term mortgage rates for home-buyers with 40% deposits
| Loan to Value (LTV) | Term | Avg rate 03 Jan 2025 |
Avg rate 10 Jan 2025 |
Weekly Change | Yearly Change |
| 60% | 2-year-fixed | 4.33% | 4.32% | -0.01% | -0.15% |
| 60% | 5-year-fixed | 4.22% | 4.22% | +0.00% | -0.05% |
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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