Rightmove’s weekly mortgage tracker

Rightmove’s mortgage expert Matt Smith says: “In the past week we’ve seen average mortgage rates creep up across the majority of fixed-rate products as we see lenders react to higher-than-anticipated inflation figures. There’s also been a withdrawal of some mortgage products from the market, and these two factors may be understandably concerning to those thinking of taking out a mortgage soon.”

 “If we dig beneath the headlines, the majority of the products withdrawn so far are from smaller lenders with higher rate products in the 90% and 85% Loan-to-Value brackets, with not much further movement from bigger lenders yet following the end of last week. This is why the average mortgage rate has actually edged downwards in some of the smaller deposit products compared to last week.

 “It will likely take some weeks for the full effect of the latest inflation figures to impact the mortgage market, and we will get a better sense of the direction of travel when there is more movement from bigger lenders.”

The top table tracks 85% and 60% LTV for a 5 year fixed-rate mortgage so you can quickly see the trend at a glance. Further LTVs for 2 and 5 year fixed rates are in the tables that follow. All rates are based on products with a circa £999 fee. Rightmove can now provide mortgage rates across all LTVs for 95% of the mortgage market to exclude specialist lending.

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.