Rightmove’s weekly mortgage tracker 13/11/24
November 13, 2024
The current average asking price of a typical first-time buyer property is £227,570. For someone taking out an average five-year fixed, 85% LTV mortgage, the average monthly mortgage repayment on this type of home is now £1,087 per month if repaying over 25 years, compared with £1,187 per month a year ago (when the average first-time buyer property asking price was £225,244).
Latest rates data
| Term | Avg rate | Weekly change | Yearly change | Lowest rate | Weekly change | Yearly change |
| 2-year fixed | 5.01% | +0.09% | -0.69% | 3.96% | +0.00% | -1.01% |
| 5-year fixed | 4.76% | +0.11% | -0.49% | 3.84% | +0.00% | -0.64% |
Average fixed-term mortgage rates for home-buyers with 5-10% deposits
| Loan to Value (LTV) | Term | Avg rate 06 Nov 2024 |
Avg rate 13 Nov 2024 |
Weekly Change | Yearly Change |
| 95% | 2-year fixed | 5.55% | 5.60% | +0.05% | -0.46% |
| 95% | 5-year fixed | 5.21% | 5.28% | +0.07% | -0.34% |
| 90% | 2-year fixed | 5.33% | 5.43% | +0.10% | -0.46% |
| 90% | 5-year fixed | 4.89% | 5.00% | +0.11% | -0.36% |
Average fixed-term mortgage rates for home-buyers with 15-25% deposits
| Loan to Value (LTV) | Term | Avg rate 06 Nov 2024 |
Avg rate 13 Nov 2024 |
Weekly Change | Yearly Change |
| 85% | 2-year fixed | 4.94% | 5.04% | +0.10% | -0.80% |
| 85% | 5-year fixed | 4.69% | 4.78% | +0.09% | -0.54% |
| 75% | 2-year fixed | 4.68% | 4.72% | +0.04% | -0.84% |
| 75% | 5-year fixed | 4.47% | 4.57% | +0.10% | -0.61% |
Average fixed-term mortgage rates for home-buyers with 40% deposits
| Loan to Value (LTV) | Term | Avg rate 06 Nov 2024 |
Avg rate 13 Nov 2024 |
Weekly Change | Yearly Change |
| 60% | 2-year fixed | 4.15% | 4.22% | +0.07% | -0.90% |
| 60% | 5-year fixed | 4.05% | 4.14% | +0.09% | -0.59% |
You May Also Enjoy
Working-age Britons, poorest households
Working-age Britons, poorest households and the North East are suffering most from substandard housing, new data shows Never before seen analysis of the latest English Housing Survey has exposed the staggering inequalities in the monetary and social cost of living in poor-quality homes. In the North East, households are paying five times more than those…
Read More 
Deposit Size Could Make or Break Your Budget in 2025
Mind the Deposit Gap: Why Your Mortgage Deposit Could Make or Break Your Budget in 2025 As UK homeowners and buyers face rising costs and tight affordability, specialist lender Hodge Bank warns that the size of your mortgage deposit could now play an even bigger role in long-term financial wellbeing. Hodge is urging homeowners and…
Read More 
Government continues to withhold Renters’ Rights Bill court impact study
Government continues to withhold Renters’ Rights Bill court impact study, citing policy ‘safe space’ despite ‘unacceptable’ court delays Reapit appeals decision. The government has again declined to publish its Justice Impact Test for the Renters’ Rights Bill, this time in response to a Freedom of Information request, citing the need to preserve a “safe space”…
Read More 
Urban Property Values Outpace Coastal & Countryside Markets
City Living Resurgence as Urban House Prices Outpace Coastal and Countryside Markets The latest research from eXp UK has found that city living is firmly back in favour, with the nation’s major cities seeing a stronger average rate of house price growth compared to coastal and countryside locations. The research by eXp UK analysed the…
Read More 
This one property size has grown by almost 20% in the last five years
The latest research from over-50s property specialists, Regency Living, reveals that the average size of park homes in England has increased by almost 20% over the past five years, reflecting a growing demand for park homes as primary residences, not just holiday getaways. Regency Living has examined the five-year change in the average footprint of…
Read More 
Renters see bigger increase in monthly payments than mortgaged homeowners over last three years – up £221 pcm
New analysis1 from Zoopla, one of the UK’s leading property websites, reveals that private renters have seen a greater increase in their monthly housing costs since 2022 than mortgaged homeowners. Average rents in the UK currently sit at £1,283 per month, with mortgage repayments for an average outstanding loan at £1,154 per month. Over the…
Read More