Rightmove’s weekly mortgage tracker 06/11/24
November 6, 2024
- The average 5-year fixed mortgage rate is now 4.66%, down from 5.33% a year ago
- The average 2-year fixed mortgage rate is now 4.92%, down from 5.76% a year ago
- The average 85% LTV 5-year fixed mortgage rate is now 4.69%, down from 5.40% a year ago
- The average 60% LTV 5-year fixed mortgage rate is now 4.05%, down from 4.91% 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, down from £1,159 per month a year ago
Latest rates data
Average fixed-term mortgage rates for home-buyers with 5-10% deposits
| Loan to Value (LTV) | Term | Average rate 30 Oct 2024 |
Average rate 06 Nov 2024 |
Weekly Change |
| 95% | 2-year fixed | 5.56% | 5.55% | -0.01% |
| 95% | 5-year fixed | 5.23% | 5.21% | -0.02% |
| 90% | 2-year fixed | 5.35% | 5.33% | -0.02% |
| 90% | 5-year fixed | 4.89% | 4.89% | +0.00% |
Average fixed-term mortgage rates for home-buyers with 15-25% deposits
| Loan to Value (LTV) | Term | Average rate 30 Oct 2024 |
Average rate 06 Nov 2024 |
Weekly Change |
| 85% | 2-year fixed | 4.93% | 4.94% | +0.01% |
| 85% | 5-year fixed | 4.66% | 4.69% | +0.03% |
| 75% | 2-year fixed | 4.69% | 4.68% | -0.01% |
| 75% | 5-year fixed | 4.45% | 4.47% | +0.02% |
Average fixed-term mortgage rates for home-buyers with 40% deposits
| Loan to Value (LTV) | Term | Average rate 30 Oct 2024 |
Average rate 06 Nov 2024 |
Weekly Change |
| 60% | 2-year fixed | 4.17% | 4.15% | -0.02% |
| 60% | 5-year fixed | 4.04% | 4.05% | +0.01% |
You May Also Enjoy
How to Become an Estate Agent with No Experience
Breaking into the property industry can seem intimidating – especially if you’ve never worked in it before. But the good news? You don’t need years of experience or fancy qualifications to start a career as an estate agent in the UK. In fact, many successful estate agents started with no background in property at all.…
Read More 
9 Advantages of Selling Your House by Auction
Selling your house by auction might seem like a daunting prospect, but it comes with numerous advantages that can make it a highly attractive option. While the traditional method of selling through an estate agent has its place, auctions are increasingly becoming a popular choice for homeowners looking for a swift and reliable sale. Here…
Read More 
Majority of Tenants Unsure How Changes Will Affect Them, Says LRG
With major changes to the private rental sector on the horizon, 62% of tenants say they don’t know whether the government’s Renters’ Rights Bill will address their concerns – highlighting a growing need for clearer communication around what the reforms will mean in practice. LRG’s latest Lettings Report shows that while landlords are widely aware…
Read More 
Perfume Storage Tips: How to Keep Your Fragrances Fresh
Perfumes are sensitive compositions that can be significantly affected by how they are stored. Proper storage ensures that your favorite fragrances stay fresh and maintain their intended scent profile. In this article, we’ll explore practical, fun, and effective tips to help you preserve your perfumes in perfect condition. Understanding the Sensitivity of Perfumes Perfumes are…
Read More 
Renters’ Rights Bill Delay Causing Uncertainty for Tenants and Landlords
Ministers need to tell landlords and tenants when measures in the Renters’ Rights Bill will take effect the National Residential Landlords Association (NRLA) is today warning. The Government pledged last year to abolish Section 21 ‘no explanation’ repossessions and to make other changes to the rental market this summer. With the Bill not scheduled to…
Read More 
Breaking Property News 02/04/25
Daily bite-sized proptech and property news in partnership with Proptech-X. Made Snappy 360 appoints new CEO and Sales Director to accelerate growth in the property technology space Made Snappy 360, the fast-growing proptech company known for its virtual tours and floor plan technology, has appointed industry veteran Mark Beresford-Ward as its new Chief Executive…
Read More