Rightmove’s weekly mortgage tracker – 5/12/24

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The current average asking price of a typical first-time buyer property is £225,340. For someone taking out an average five-year fixed, 85% LTV mortgage, the average monthly mortgage repayment on this type of home is now £1,104 per month if repaying over 25 years, compared with £1,138 per month a year ago (when the average first-time buyer property asking price was £223,426).

Average rates for 2-year and 5-year fixed-rate mortgages

 

Term Average rate Weekly change Yearly change
2-year fixed 5.09% +0.00% -0.44%
5-year fixed 4.86% +0.00% -0.26%

 

Term Lowest rate Weekly change Yearly change
2-year fixed 4.22% +0.00% -0.53%
5-year fixed 4.14% +0.00% -0.22%

 

Average fixed-term mortgage rates for home-buyers with 5-10% deposits

 

Loan to Value (LTV) Term Avg rate
28 Nov 2024
Avg rate
05 Dec 2024
Weekly Change Yearly Change
95% 2-year-fixed 5.65% 5.70% +0.05% -0.25%
95% 5-year-fixed 5.33% 5.33% +0.00% -0.16%
90% 2-year-fixed 5.49% 5.48% -0.01% -0.29%
90% 5-year-fixed 5.07% 5.07% +0.00% -0.19%

 

Average fixed-term mortgage rates for home-buyers with 15-25% deposits

 

Loan to Value (LTV) Term Avg rate
28 Nov 2024
Avg rate
05 Dec 2024
Weekly Change Yearly Change
85% 2-year-fixed 5.10% 5.09% -0.01% -0.56%
85% 5-year-fixed 4.86% 4.86% +0.00% -0.35%
75% 2-year-fixed 4.87% 4.86% -0.01% -0.51%
75% 5-year-fixed 4.74% 4.73% -0.01% -0.30%

 

Average fixed-term mortgage rates for home-buyers with 40% deposits

 

Loan to Value (LTV) Term Avg rate
28 Nov 2024
Avg rate
05 Dec 2024
Weekly Change Yearly Change
60% 2-year-fixed 4.38% 4.38% +0.00% -0.51%
60% 5-year-fixed 4.32% 4.32% +0.00% -0.17%

 

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.

Rightmove

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

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