Rightmove commentary on mortgage market + weekly tracker
Commenting on the mortgage market, Rightmove’s expert Matt Smith said: “The market has settled after the unexpectedly high inflation figure. Average mortgage rates on many products have trickled downwards, and we’ve even seen the return of some eye-grabbing sub-4% mortgage rates for those with the biggest deposits. It shows that mortgage lenders are still keen to compete for business as we head into the thick of the annual Spring selling season. However, as we have recently seen, these cheapest rates are susceptible to changing market conditions and we’ll have to see how the market reacts to upcoming economic news.”
Average rates for 2-year and 5-year fixed-rate mortgages
| Term | Average rate | Weekly change | Yearly change |
| 2-year fixed | 4.87% | -0.01% | -0.32% |
| 5-year fixed | 4.69% | +0.00% | -0.12% |
Lowest rates for 2-year and 5-year fixed-rate mortgages
| Term | Lowest rate | Weekly change | Yearly change |
| 2-year fixed | 4.04% | +0.00% | -0.34% |
| 5-year fixed | 3.97% | +0.00% | -0.12% |
Average fixed-term mortgage rates for home-buyers with 5-10% deposits
| Loan to Value (LTV) | Term | Avg rate 22 Feb 2025 |
Avg rate 01 Mar 2025 |
Weekly Change | Yearly Change |
| 95% | 2-year-fixed | 5.60% | 5.56% | -0.04% | -0.24% |
| 95% | 5-year-fixed | 5.31% | 5.29% | -0.02% | -0.11% |
| 90% | 2-year-fixed | 5.24% | 5.22% | -0.02% | -0.16% |
| 90% | 5-year-fixed | 4.90% | 4.89% | -0.01% | -0.04% |
Average fixed-term mortgage rates for home-buyers with 15-25% deposits
| Loan to Value (LTV) | Term | Avg rate 22 Feb 2025 |
Avg rate 01 Mar 2025 |
Weekly Change | Yearly Change |
| 85% | 2-year-fixed | 4.84% | 4.82% | -0.02% | -0.35% |
| 85% | 5-year-fixed | 4.68% | 4.67% | -0.01% | -0.07% |
| 75% | 2-year-fixed | 4.68% | 4.66% | -0.02% | -0.36% |
| 75% | 5-year-fixed | 4.55% | 4.53% | -0.02% | -0.18% |
Average fixed-term mortgage rates for home-buyers with 40% deposits
| Loan to Value (LTV) | Term | Avg rate 22 Feb 2025 |
Avg rate 01 Mar 2025 |
Weekly Change | Yearly Change |
| 60% | 2-year-fixed | 4.26% | 4.26% | +0.00% | -0.38% |
| 60% | 5-year-fixed | 4.17% | 4.16% | -0.01% | -0.15% |
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.
You May Also Enjoy
Commonhold White Paper – Thoughts from the Industry
Greenpeace Ruling Exposes UK Government Policy
Rightmove commentary on mortgage market + weekly tracker
Government plans to ban new leasehold flats
Bank of England Money and Credit Report – January 2025
