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

November 28, 2024
Love or Hate Rightmove

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.

You May Also Enjoy

Breaking News

Breaking Property News 7/5/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   The Hidden Economics of AI Agents: Why Businesses May Spend More Than They Ever Did on SaaS AI agents are rapidly being positioned as the next evolution of enterprise software. The problem is that many companies are still evaluating them through a SaaS lens…
Read More →
Estate Agent Talk

£15m property market accounts for 0.04% of all homes

The latest analysis from AgentWise has found that while more than 30,000 homes are currently for sale across Great Britain with an asking price between £1m and £5m, properties priced above £1m account for just 6% of all available housing stock, with the market becoming dramatically smaller and increasingly relationship-led as values rise. With so…
Read More →
Home and Living

Beware of the underinsurance risk created by property alterations

Property owners are being warned that while alterations may well improve a building, they can also change its rebuild cost. Where works materially affect a building’s size, layout, specification or services, the amount it is insured for may need to be reviewed, as a matter of urgency, according to experts at RebuildCostASSESSMENT.com “It’s a common…
Read More →
Breaking News

One in four prospective sellers pull plans to move

The latest research by GetAgent has revealed that a proportion of home sellers are rethinking their plans in 2026, with almost a quarter (24%) no longer intending to sell in the near future, while a further 27% say they still plan to move but are far less certain than they were at the start of…
Read More →
Rightmove logo
Breaking News

Rightmove launches new marketing campaign to help movers see what’s possible

Rightmove, the UK’s largest property platform, is launching a new brand campaign designed to support agents by driving confident, better-informed home-movers to their properties.   Launching on 8th May, the multi-channel campaign targets all home-movers. It aims to inspire confidence to make their move, helping them to better understand what they can afford, using Rightmove’s…
Read More →
Breaking News

Rural housing markets in full bloom

Rural housing markets in full bloom with price growth of up to 9.6% Countryside locations outperforming urban areas and the overall national average   As the country basks in spring sunshine, it comes as no surprise that new research from Yopa has revealed rural housing markets are enjoying hotter market conditions than their urban counterparts, with…
Read More →