Rightmove’s weekly mortgage tracker 17/4/24

April 17, 2024
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Headlines

  • The average 5-year fixed mortgage rate is now 4.84%, up from 4.45% a year ago
  • The average 2-year fixed mortgage rate is now 5.23%, up from 4.77% a year ago
  • The average 85% LTV 5-year fixed mortgage rate is now 4.77%, up from 4.46% a year ago
  • The average 60% LTV 5-year fixed mortgage rate is now 4.29%, up from 4.13% 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 £1,099 per month, up from £1,056 per month a year ago

 

Latest rates data

 

LTV

(loan to value)

  

Term

 

 Average rate 17th April 2024 Lowest rate 17th April 2024 Average rate

a year ago

 

95%

 

 2 year fixed 5.98% 5.47% 5.48%
 

95%

 

 5 year fixed 5.52% 5.09% 5.04%
 

90%

 

 2 year fixed 5.50% 5.13% 5.07%
 

90%

 

 5 year fixed 5.03% 4.64% 4.69%

 

 

LTV (loan to value)

  

Term

 Average rate 17th April 2024 Lowest rate 17th April 2024 Average rate

a year ago

 

85%

 

 2 year fixed 5.21% 4.86% 4.83%
 

85%

 

  

5 year fixed

 

 4.77% 4.38% 4.46%
 

75%

 

  

2 year fixed

 5.04% 4.59% 4.56%
 

75%

 

  

5 year fixed

 

 4.69% 4.36% 4.25%
 

60%

 

  

2 year fixed

 

 4.67% 4.46% 4.46%
 

60%

 

  

5 year fixed

 4.29% 4.13% 4.13%

 

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 £226,370, for someone taking out an average five-year fixed, 85% LTV mortgage, is now £1,099 per month if repaying over 25 years, compared with £1,056 per month a year ago.

Average mortgage rates to be credited to Rightmove. The data is provided by specialist mortgage technology provider Podium Solutions. The data covers 95% of mortgage lending, to exclude specialist lenders. 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.

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