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

Breaking Property News 5/11/26

Daily bite-sized proptech and property news in partnership with Proptech-X. The Greatest Return on AI May Not Be the Work It Eliminates, but the Human Potential It Releases Time to look at artificial intelligence as a growth engine that upgrades humans working life Thought Leadership By Author Andrew Stanton CEO Proptech-PR For decades, businesses have…
Read More →
Breaking News

Guy Fawkes Night set to fizzle out for UK households

Firework Night set to fizzle out as 97% of UK households won’t buy fireworks and 7 in 10 want to see them banned As many as 97% of UK households won’t be buying fireworks to set off at home this Bonfire Night, while more than seven in 10 believe private fireworks displays in residential gardens…
Read More →
Breaking News

Budget tax raid could hit landlords for £3,500 a year

Budget tax raid could cost landlords almost £3,500 a year as property income tax rises Landlords could face almost £500 in additional annual tax per property, rising to nearly £3,500 across an average portfolio, following the Autumn Budget decision to double the previously planned increase in property income tax rates from April 2027. New analysis…
Read More →
Estate Agent Talk

Upfront information: homebuyers want confidence as much as speed

What movers want from upfront information, and it isn’t only speed Having a survey, legal pack and chain details before making an offer would help more than eight in ten respondents, according to LRG’s latest sales report Of the 553 who answered the question, 41% said they would offer with more confidence, although not necessarily…
Read More →
Estate Agents should not all look the same
Estate Agent Talk

How Financial Anxiety Drains Entrepreneurial Energy

Financial anxiety can consume the attention and stamina that business owners need for planning, problem-solving and leading a team. A late payment, an unexpected tax bill or a weak sales month may trigger worry long after working hours have ended. Over time, that mental strain affects sleep, concentration and confidence. The answer starts with creating…
Read More →
Letting Agent Talk

How to future-proof a rental property for changing tenant expectations

Over the past decade or so, tenants have become far more discerning. For more and more people, renting is a long-term prospect and today’s tenants expect their homes to be as safe and comfortable as any home they would own themselves. And as legislation around standards and health and safety in the private rented sector…
Read More →