Rightmove’s weekly mortgage tracker – 25/09/24

September 25, 2024
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  • The average 5-year fixed mortgage rate is now 4.58%, down from 5.53% a year ago
  • The average 2-year fixed mortgage rate is now 4.93%, down from 6.07% a year ago
  • The average 85% LTV 5-year fixed mortgage rate is now 4.61%, down from 5.60% a year ago
  • The average 60% LTV 5-year fixed mortgage rate is now 3.87%, down from 5.15% 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 £1,087 per month, down from £1,187 per month a year ago

 

 Latest rates data

 

LTV

(loan to value)

 

Term

 

Average rate 25th September 2024

Lowest rate 25th September 2024

Average rate

a year ago

 

All

 

2 year fixed

4.93%

3.94%

6.07%

 

All

 

5 year fixed

4.58%

3.70%

5.53%

 

 

LTV

(loan to value)

 

Term

 

Average rate 25th September 2024

Lowest rate 25th September 2024

Average rate

a year ago

 

95%

 

2 year fixed

5.58%

5.29%

6.41%

 

95%

 

5 year fixed

5.21%

4.99%

5.87%

 

90%

 

2 year fixed

5.40%

5.04%

6.34%

 

90%

 

5 year fixed

4.88%

4.49%

5.72%

 

 

 

LTV (loan to value)

 

Term

Average rate 25th September 2024

Lowest rate 25th September 2024

Average rate

a year ago

 

85%

 

2 year fixed

4.94%

4.49%

6.16%

 

85%

 

 

5 year fixed

 

4.61%

4.12%

5.60%

 

75%

 

 

2 year fixed

4.68%

4.14%

5.88%

 

75%

 

 

5 year fixed

 

4.37%

3.89%

5.34%

 

60%

 

 

2 year fixed

 

4.15%

3.94%

5.71%

 

60%

 

 

5 year fixed

3.87%

3.70%

5.15%

 

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 £227,191, for someone taking out an average five-year fixed, 85% LTV mortgage, is now £1,095 per month if repaying over 25 years, compared with £1,191 per month a year ago (when the average first-time buyer property asking price was £223,614).

Rightmove

UK Property news updates shared directly from Rightmove PLC - the country's leading property portal.

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