Rightmove’s weekly mortgage tracker – 28/11/24

November 28, 2024
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The current average asking price of a typical first-time buyer property is £225,340. For someone taking out an average five-year fixed, 85% LTV mortgage, the average monthly mortgage repayment on this type of home is now £1,104 per month if repaying over 25 years, compared with £1,138 per month a year ago (when the average first-time buyer property asking price was £223,426).

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

Term Average rate Weekly change Yearly change
2-year fixed 5.09% +0.01% -0.46%
5-year fixed 4.86% +0.01% -0.27%

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

Term Lowest rate Weekly change Yearly change
2-year fixed 4.22% +0.00% -0.53%
5-year fixed 4.14% +0.00% -0.22%

Updated: 28 Nov 2024

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

Loan to Value (LTV) Term Avg rate
21 Nov 2024		 Avg rate
28 Nov 2024		 Weekly Change Yearly Change
95% 2-year-fixed 5.65% 5.65% +0.00% -0.30%
95% 5-year-fixed 5.34% 5.33% -0.01% -0.17%
90% 2-year-fixed 5.49% 5.49% +0.00% -0.29%
90% 5-year-fixed 5.07% 5.07% +0.00% -0.21%

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

Loan to Value (LTV) Term Avg rate
21 Nov 2024		 Avg rate
28 Nov 2024		 Weekly Change Yearly Change
85% 2-year-fixed 5.09% 5.10% +0.01% -0.58%
85% 5-year-fixed 4.85% 4.86% +0.01% -0.35%
75% 2-year-fixed 4.83% 4.87% +0.04% -0.51%
75% 5-year-fixed 4.70% 4.74% +0.04% -0.30%

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

Loan to Value (LTV) Term Avg rate
21 Nov 2024		 Avg rate
28 Nov 2024		 Weekly Change Yearly Change
60% 2-year-fixed 4.37% 4.38% +0.01% -0.52%
60% 5-year-fixed 4.31% 4.32% +0.01% -0.23%

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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