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 3/6/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   Oxford to Cambridge Growth Corridor launches shared vision to become a top-10 global innovation cluster Later today, at a major science and innovation conference hosted by Bidwells at Westminster’s QEII Centre, the Chancellor, Science Minister Lord Vallance and Housing Minister Matthew Pennycook will set out a…
Read More →
Estate Agent Talk

Refurbishment budget requirements approach £86,000

Jonathan Samuels, CEO of specialist lender, Octane Capital, believes that whilst refurbishment projects continue to offer some of the strongest value-add opportunities within the property market, investors must ensure they budget appropriately from the outset, with contingency planning often proving the difference between a successful project and one that stalls before completion. Octane Capital analysed average…
Read More →
Letting Agent Talk

Renting for Life: Six in Ten Tenants are Staying Longer Than They Ever Planned

Six in ten tenants across England and Wales are renting for longer than they ever planned to, according to new research from LRG. The Spring 2026 Lettings Report, which draws on responses from 650 landlords and tenants, found that 40% say they have been in the rental market for much longer than they expected, with…
Read More →
Estate Agent Talk

Keep Your Move on Track: Reducing the Risk of a Fall Through

Buying or selling a home is one of the biggest financial commitments most people will ever make. Unfortunately, not every agreed sale reaches completion. When a transaction collapses before contracts are exchanged, it is known as a “fall through”. Fall-throughs can be costly, causing delays, financial losses, and significant stress for everyone involved. Buyers may…
Read More →
to let sign 2025
Breaking News

London rents up just 0.7% since RRA became law

The latest research from London lettings and estate agent, Benham and Reeves, has revealed that rental growth across London has remained consistent since the Renters’ Rights Act received Royal Assent, with rents increasing by just 0.7% since, the same rate of growth seen during the equivalent period prior to October of last year. In fact,…
Read More →
Letting Agent Talk

Will RRA mean almost 50% of renters need a guarantor?

A surge in tenants who require a rent guarantor is coming to the post-RRA rental market   New analysis by Zero Deposit reveals that the proportion of local authority districts in which the average tenant is likely to need a rent guarantor to secure pass tenancy affordability checks could increase from one-in-five to almost one-in-two…
Read More →