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% |
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