Rightmove market commentary + weekly mortgage rates tracker 07/03/25

March 7, 2025
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Rightmove’s mortgage expert Matt Smith says: “The mortgage market is still quite sensitive to outside noise, and despite the volume turning up recently from across the Atlantic, we’re seeing lenders continue to be as competitive as they can be as the Spring market begins. As the stamp duty deadline edges nearer, we expect a rush to complete from those in the process of buying a home, particularly from affordability stretched first-time buyers eager to avoid unnecessarily parting with thousands of extra pounds.”

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

 

Term Average rate Weekly change Yearly change
2-year fixed 4.84% -0.03% -0.36%
5-year fixed 4.68% -0.01% -0.15%

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

Term Lowest rate Weekly change Yearly change
2-year fixed 3.95% -0.09% -0.51%
5-year fixed 3.92% -0.05% -0.21%

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

 

Loan to Value (LTV) Term Avg rate
28 Feb 2025		 Avg rate
07 Mar 2025		 Weekly Change Yearly Change
95% 2-year-fixed 5.59% 5.52% -0.07% -0.35%
95% 5-year-fixed 5.31% 5.27% -0.04% -0.19%
90% 2-year-fixed 5.23% 5.17% -0.06% -0.25%
90% 5-year-fixed 4.90% 4.88% -0.02% -0.08%

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

Loan to Value (LTV) Term Avg rate
28 Feb 2025		 Avg rate
07 Mar 2025		 Weekly Change Yearly Change
85% 2-year-fixed 4.83% 4.80% -0.03% -0.40%
85% 5-year-fixed 4.68% 4.65% -0.03% -0.12%
75% 2-year-fixed 4.67% 4.64% -0.03% -0.40%
75% 5-year-fixed 4.55% 4.52% -0.03% -0.21%

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

Loan to Value (LTV) Term Avg rate
28 Feb 2025		 Avg rate
07 Mar 2025		 Weekly Change Yearly Change
60% 2-year-fixed 4.26% 4.26% +0.00% -0.40%
60% 5-year-fixed 4.16% 4.18% +0.02% -0.16%

 

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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