Rightmove commentary on mortgage market + weekly tracker

March 3, 2025
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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.

Rightmove

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

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