Rightmove’s weekly mortgage tracker 24/01/25
January 24, 2025
Average rates for 2-year and 5-year fixed-rate mortgages
| Term | Average rate | Weekly change | Yearly change |
| 2-year fixed | 5.02% | +0.02% | +0.05% |
| 5-year fixed | 4.80% | +0.03% | +0.13% |
| Term | Lowest rate | Weekly change | Yearly change |
| 2-year fixed | 4.22% | +0.00% | +0.14% |
| 5-year fixed | 4.07% | +0.00% | +0.19% |
Average fixed-term mortgage rates for home-buyers with 5-10% deposits
| Loan to Value (LTV) | Term | Avg rate 17 Jan 2025 |
Avg rate 24 Jan 2025 |
Weekly Change | Yearly Change |
| 95% | 2-year-fixed | 5.68% | 5.71% | +0.03% | +0.07% |
| 95% | 5-year-fixed | 5.36% | 5.39% | +0.03% | +0.18% |
| 90% | 2-year-fixed | 5.36% | 5.39% | +0.03% | +0.14% |
| 90% | 5-year-fixed | 4.98% | 5.01% | +0.03% | +0.19% |
Average fixed-term mortgage rates for home-buyers with 15-25% deposits
| Loan to Value (LTV) | Term | Avg rate 17 Jan 2025 |
Avg rate 24 Jan 2025 |
Weekly Change | Yearly Change |
| 85% | 2-year-fixed | 4.93% | 4.95% | +0.02% | -0.01% |
| 85% | 5-year-fixed | 4.72% | 4.75% | +0.03% | +0.13% |
| 75% | 2-year-fixed | 4.79% | 4.83% | +0.04% | +0.08% |
| 75% | 5-year-fixed | 4.63% | 4.66% | +0.03% | +0.09% |
Average fixed-term mortgage rates for home-buyers with 40% deposits
| Loan to Value (LTV) | Term | Avg rate 17 Jan 2025 |
Avg rate 24 Jan 2025 |
Weekly Change | Yearly Change |
| 60% | 2-year-fixed | 4.38% | 4.42% | +0.04% | +0.02% |
| 60% | 5-year-fixed | 4.27% | 4.29% | +0.02% | +0.11% |
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
Planning consultations for major infrastructure to be streamlined
Robert Bruce, a planning and infrastructure partner at law firm Freeths LLP, said he: “Welcomed the change as a significant step to speeding up the DCO process and the focus on the quality and effectiveness of the consultation, rather than box ticking and a risk averse approach to pre-application consultation due to the current legal…
Read More 
‘The property ladder pulls further away’ warns Open Property Group
For many first-time buyers across England, the dream of homeownership continues to slip further out of reach. Despite rising wages, soaring house prices are making it harder than ever to get on the property ladder. A leading UK professional house buying company ‘Open Property Group’ based in Buckinghamshire UK, has raised concerns over the ongoing…
Read More 
How Long It Takes to Buy a House in the UK: 5 Common Delays That Can Slow Down Your Home Purchase
Wondering how long it takes to buy a house in the UK? The average timeline ranges from 8 to 22 weeks, but even that can stretch significantly due to unexpected delays, especially if you’re a first-time buyer or caught in a chain. That’s why working with experienced professionals like Belvoir — one of the UK’s…
Read More
Rightmove to host Renters’ Rights Bill webinar with Guild of Lettings
Rightmove is hosting a live and interactive webinar session with the Guild of Lettings to help agents get Renters’ Rights Ready. The webinar will take place from 10:00am – 11:00am on Wednesday 23rd April. Susie Crolla, Managing Director for the Guild of Lettings, will be joining Rightmove to help agents with questions they may have about…
Read More 
Mortgage completions surged 50 per cent in March amid race to avoid higher stamp duty
March saw highest volume of mortgage completions recorded since September 2021 Homebuyers report now needing an additional £13,530 on top of the property price to cover taxes and fees Three in four have seen housing costs rise, up £126 on average per month Renters’ confidence in their ability to purchase a property within five years…
Read More
Average two-year fixed mortgage rate for 60% LTV now cheaper than five-year rate
The average two-year fixed mortgage rate for those with a 40% deposit (60% LTV) is now cheaper than the average five-year fixed equivalent, the first time this has happened since the mini-Budget The average two-year fixed, 60% LTV mortgage rate is now 4.18%, while the five-year equivalent is 4.19% The gap between average two-year fixed…
Read More