Rightmove Mortgage Rate Data

Love or Hate Rightmove

Rightmove’s mortgage expert Matt Smith says: “It’s early days, but we’ve seen the first major lender significantly increase rates and it’s likely that we’ll see other lenders follow suit, though the full impact may take a few weeks to filter through. An increase in fixed-rates was likely to happen following the news earlier in the week that inflation had not fallen as much as markets had predicted. Subsequently the underlying costs of mortgages to lenders has increased and it appears they’re now starting to pass this on through their fixed-deals. We’ve seen average rates creep up from where they were earlier in the week and we expect some further increases in the coming weeks. Though the upward trajectory of mortgage rates will understandably be concerning to those thinking of moving soon, it’s important to remember that right now rates are still lower than they were on average in February before edging down in March & April, and there are likely to be more twists and turns to come with the ongoing uncertainty over inflation.”

 

The top table tracks 85% and 60% LTV for a 5 year fixed-rate mortgage so you can quickly see the trend at a glance. Further LTVs for 2 and 5 year fixed rates are in the tables that follow. All rates are based on products with a circa £999 fee. Rightmove can now provide mortgage rates across all LTVs for 95% of the mortgage market to exclude specialist lending.

 

LTV

(loan to value)

 

Term

 

Average rate

23rd May 2023

Average rate

26th May 2023

Change Average rate

a year ago

 

85%

 

5 year fixed 4.56% 4.58% +0.02% 2.96%
 

60%

 

5 year fixed 4.28% 4.31% +0.03% 2.65%

 

LTV (loan to value)  

Term

 

Average rate

23rd May 2023

Average rate

26th May 2023

Change Average rate

a year ago

 

95%

 

2 year fixed 5.60% 5.65% +0.05% 3.26%
 

95%

 

5 year fixed 5.15% 5.19% +0.04% 3.46%
 

90%

 

2 year fixed 5.13% 5.15% +0.02% 2.90%
 

90%

 

5 year fixed 4.79% 4.81% +0.02% 3.09%

 

 

LTV (loan to value)

 

Term

Average rate

23rd May 2023

Average rate

26th May 2023

Change Average rate

a year ago

 

85%

 

 

2 year fixed

 

4.90%

 

4.92%

+0.02%  

2.86%

 

85%

 

 

5 year fixed

 

 

4.56%

 

4.58%

+0.02%  

2.96%

 

75%

 

 

2 year fixed

 

4.74%

 

4.76%

+0.02%  

2.74%

 

75%

 

 

5 year fixed

 

 

4.41%

 

4.44%

+0.03%  

2.78%

 

60%

 

 

2 year fixed

 

 

4.64%

 

4.66%

+0.02%  

2.59%

 

60%

 

 

5 year fixed

 

4.28%

 

4.31%

+0.03%  

2.65%

 

Average mortgage rates to be credited to Rightmove. The data is provided by specialist mortgage technology provider Podium Solutions. The data covers 95% of mortgage lending, to exclude specialist lenders. All rates are based on products with a circa £999 fee. If you would like further data on different LTVs or fixed terms, please contact us.

Rightmove

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

You May Also Enjoy

Home and Living

High Quality Modular Homes for the UK

Are you looking for added accommodation space in your garden / on your land? Modular Living Homes by tutumHOUSE offer a new way to live – minimalist in form, rich in experience. “There are approximately 9.6 million homes in the UK with a garden shed, and around 52% of the population owns one.” asgardsss There…
Read More
Estate Agent Talk

The most stressful places to move to in the UK

With more people in the UK moving homes during summer than any other season and the average cost of moving in the UK rising to over £14,000, picking the right place to move to has become more crucial than ever. Luckily, new research from Pay Less for Storage reveals the UK cities that make life easiest…
Read More
Estate Agent Talk

Time-Traveling Estate Agent Sequel Climbs Amazon Charts

A UK Estate Agent Currently Bringing Joy to People’s Lives – Shame He’s Fictional…   Eric Meek, the fictional estate agent created by author Dale Bradford, is back for a second outing in The Time‑Travelling Estate Agent 2, a sequel that is already climbing Amazon’s bestselling time‑travel rankings. Estate agents were recently highlighted as the third…
Read More
Estate Agent Talk

Is it finally time for lenders to back green homes?

Andrew Smith weighs the risks and rewards Property developers are increasingly pitching green homes to lenders; however, with sales cycles slowing down and repair costs rising, is now the right time to back sustainable builds and at what price point is there market demand? Sustainability is continuing to shape our future of construction with the…
Read More
Breaking News

Breaking Property News 24/07/25

Daily bite-sized proptech and property news in partnership with Proptech-X.   OpticWise – digital infrastructure in commercial real estate If your building were a product, how would it perform on the user experience scale?  Week 9: Experience as Infrastructure – Designing for Human-Centric Buildings Welcome to Week 9 of our 52-week journey into the future…
Read More
new build homes colchester essex
Breaking News

UK Housebuilding Falters as Construction Hiring Flatlines

New research from Inventory Base reveals that UK construction industry employment has increased by almost 11% in the past five years, but there has been less than 1% growth in the past 12 months. Inventory Base’s analysis of the UK construction industry shows that in 2024 (latest data available) it employed an estimated total of…
Read More