Rightmove’s weekly mortgage tracker 17/4/24

April 17, 2024
Love or Hate Rightmove

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.

You May Also Enjoy

Breaking News

Mortgage rate rises loom as major lenders reprice

Major lenders have moved to increase mortgage rates to catch up with recent rises to swap rates, according to Moneyfactscompare.co.uk analysis.   Over the coming days, more lenders are expected to review mortgage rates in response to higher swap rates, with HSBC and NatWest so far the biggest banks to increase rates since the start…
Read More →
Breaking News

Average house price edged down in August

House prices in August 2026 were -0.4% lower compared to the same month a year earlier.   Average house price edged down in August as market remains subdued • House prices fell slightly in August ( -0.2%), following a -0.1% decrease in July • Average property price now £298,468 compared with £299,153 in July •…
Read More →
Estate Agent Talk

A derelict property will still set you back £240,000

The latest data from LandSale, the property portal dedicated to land and rural property, reveals that buyers looking to breathe new life into a derelict property could face an asking price as high as £237,500 on average, highlighting the substantial value still attached to redevelopment opportunities across Britain.   Britain continues to struggle with a severe…
Read More →
Estate Agent Talk

Selling an Inherited Property in Scotland: A Clear Guide

Selling an inherited property in Scotland can begin only once confirmation, the Scottish equivalent of probate, has been granted by the court. Until that legal authority is in place, the executor cannot complete a sale, so grasping the sequence early saves later frustration. Families who would rather not manage a long marketing process sometimes approach…
Read More →
Breaking News

Breaking Property News 3/9/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   The imminent interest rate hike is going to be a real reckoner for property   When interest rates rise again, Britain’s housing market will discover what it is really worth   Thought Leadership by Andrew Stanton CEO Proptech-PR For more than a decade, Britain’s housing…
Read More →
Breaking News

Tenancy deposit reform overlooks estimated £750m

As the Government considers reforms to England’s tenancy deposit system, The Letting Partnership is warning that one major question remains almost entirely absent from the debate: what happens to tenancy deposits that are never reclaimed? While current discussions have focused on how deposits should be protected in future, namely custodial vs insured schemes, far less attention…
Read More →