Rightmove’s weekly mortgage tracker 10/01/25

January 10, 2025
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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.

Rightmove

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

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