Rightmove’s weekly mortgage tracker 10/01/25

January 10, 2025
Rightmove logo

Commenting on the rise in UK borrowing costs and the potential impact on mortgage rates, Rightmove’s expert Matt Smith says: “The short term impact is that mortgage rates are likely to rise, as the cost of borrowing increases impacts lenders. However, this is unlikely to be significant and certainly not completely unexpected. Looking a bit further ahead, the market is still expecting a Bank Rate cut in February, but beyond that is uncertain right now. Despite increased costs, we’re at the start of what is traditionally the busiest period of the year for the housing market, so I expect lenders will still want to take advantage of this demand through as attractive rates as possible.”

 

Rightmove’s weekly mortgage tracker

 

Term Average rate Weekly change Yearly change
2-year fixed 5.03% -0.02% -0.13%
5-year fixed 4.80% +0.00% -0.05%

 

Term Lowest rate Weekly change Yearly change
2-year fixed 4.20% -0.01% +0.10%
5-year fixed 4.07% +0.00% +0.13%

 

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

 

Loan to Value (LTV) Term Avg rate
03 Jan 2025		 Avg rate
10 Jan 2025		 Weekly Change Yearly Change
95% 2-year-fixed 5.67% 5.63% -0.04% +0.06%
95% 5-year-fixed 5.29% 5.35% +0.06% +0.20%
90% 2-year-fixed 5.46% 5.44% -0.02% -0.04%
90% 5-year-fixed 5.03% 5.02% -0.01% +0.05%

 

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

 

Loan to Value (LTV) Term Avg rate
03 Jan 2025		 Avg rate
10 Jan 2025		 Weekly Change Yearly Change
85% 2-year-fixed 5.07% 5.08% +0.01% -0.19%
85% 5-year-fixed 4.84% 4.83% -0.01% -0.12%
75% 2-year-fixed 4.80% 4.79% -0.01% -0.18%
75% 5-year-fixed 4.65% 4.65% +0.00% -0.14%

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

 

Loan to Value (LTV) Term Avg rate
03 Jan 2025		 Avg rate
10 Jan 2025		 Weekly Change Yearly Change
60% 2-year-fixed 4.33% 4.32% -0.01% -0.15%
60% 5-year-fixed 4.22% 4.22% +0.00% -0.05%

 

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

Persistent decline to give way to recovery in 2027

Glenigan’s Autumn 2026 Construction Forecast maintains that sector growth will revive in 2027, despite a challenging year of market stagnation Following a sluggish end to 2026, construction is set to rebound from 2027 onwards as public sector building increases Significant value gains expected for health, education, civils, offices and data centre projects Private and social…
Read More →
Estate Agent Talk

The Plumbing and Electrical Problems That Quietly Kill Sales and Lettings

We’ve all had one of these. The offer’s agreed. Everyone’s happy. The memorandum of sale has gone out, and you’re already mentally banking the fee. Then the buyer’s survey comes back. “Electrics appear dated. Recommend inspection by a qualified electrician.” And just like that, the mood changes. The buyer starts asking about a reduction. The…
Read More →
Breaking News

Rental price and average salary tracker – October 2026

Rental prices rise across most regions as affordability pressures persist Average monthly rents increased in eight of the 11 regions between September and October, with Wales recording the largest rise at 31.1%, followed by the North East at 29.8% and the South West at 7.5%. Scotland, London and the North West were the only regions…
Read More →
Letting Agent Talk

Portfolio landlords have outgrown traditional property management

By Adam Hills, Client Services Director, LRG Living Markets The residential lettings industry still manages many large portfolios as though they’re simply collections of individual tenancies. While that works on small portfolios, but it doesn’t work when landlords own 50, 100 or 200 properties. At that point, the challenge is no longer property management alone…
Read More →
Breaking News

Real-life value of the most famous Christmas film homes

The real-life value of the most famous Christmas film homes, from budget classics to multimillion-pound mansions New research has gathered and analysed the estimated valuations of real homes featured in popular Christmas films, ranking them by cost. The priciest homes are featured in The Holiday, Trading Places, and Home Alone, with Amanda’s home from The…
Read More →
Estate Agent Talk

77% of buyers refuse to buy a flood risk property

Despite 4.7 million English homes facing flood risk New research from Lyons Bowe has revealed that 77% of homebuyers would not consider purchasing a property in a flood risk area, despite more than 4.7 million homes across England currently being deemed at risk of flooding. The findings come as the Government launches a new flood taskforce amid…
Read More →