Rightmove’s weekly mortgage tracker 13/03/24

March 13, 2024
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  • The average 5-year fixed mortgage rate is now 4.84%, up from 4.61% a year ago
  • The average 2-year fixed mortgage rate is now 5.22%, up from 4.99% a year ago
  • The average 85% LTV 5-year fixed mortgage rate is now 4.78%, up from 4.63% a year ago
  • The average 60% LTV 5-year fixed mortgage rate is now 4.37%, up from 4.29% a year ago
  • The average monthly mortgage payment on a typical first-time buyer type property when taking out an average five-year fixed, 85% LTV mortgage, is now £1,093 per month, up from £1,069 per month a year ago

 

 

Latest rates data

 

LTV

(loan to value)

 

Term

 

Average rate 13th March 2024

Lowest rate 13th March 2024

Average rate

a year ago

 

95%

 

2 year fixed

5.90%

5.39%

5.61%

 

95%

 

5 year fixed

5.47%

5.09%

5.20%

 

90%

 

2 year fixed

5.44%

5.13%

5.27%

 

90%

 

5 year fixed

4.98%

4.64%

4.84%

 

 

 

LTV (loan to value)

 

Term

Average rate 13th March 2024

Lowest rate 13th March 2024

Average rate

a year ago

 

85%

 

2 year fixed

5.21%

4.86%

5.04%

 

85%

 

 

5 year fixed

 

4.78%

4.38%

4.63%

 

75%

 

 

2 year fixed

5.06%

4.59%

4.77%

 

75%

 

 

5 year fixed

 

4.73%

4.36%

4.38%

 

60%

 

 

2 year fixed

 

4.68%

4.46%

4.71%

 

60%

 

 

5 year fixed

4.37%

4.13%

4.29%

 

Rightmove can provide average monthly mortgage payments based on the latest available asking price and mortgage rate data. For example, the average monthly mortgage payment on a first-time buyer type property which is currently £224,815, for someone taking out an average five-year fixed, 85% LTV mortgage, is now £1,093 per month if repaying over 25 years, compared with £1,069 per month a year ago.

Rightmove

UK Property news updates shared directly from Rightmove PLC - the country's leading property portal.

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