Rightmove’s weekly mortgage tracker 22/11/2023
November 22, 2023
Headline stats
- The average 5-year fixed mortgage rate is now 5.21%, down from 5.62% a year ago
- The average 2-year fixed mortgage rate is now 5.65%, down from 5.88% a year ago
- The average 85% LTV 5-year fixed mortgage rate is now 5.29%, down from 5.59% a year ago
- The average 60% LTV 5-year fixed mortgage rate is now 4.69%, down from 5.33% 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 £1,143 per month, down from £1,178 per month a year ago
Latest rates data
| LTV
(loan to value) |
Term
|
Average rate 21st November 2023 | Lowest rate 21st November 2023 | Average rate
a year ago |
|
95%
|
2 year fixed | 6.03% | 5.85% | 6.34% |
|
95%
|
5 year fixed | 5.56% | 5.30% | 5.97% |
|
90%
|
2 year fixed | 5.85% | 5.43% | 6.13% |
|
90%
|
5 year fixed | 5.33% | 4.92% | 5.86% |
|
LTV (loan to value) |
Term |
Average rate 21st November 2023 | Lowest rate 21st November 2023 | Average rate
a year ago |
|
85%
|
2 year fixed |
5.77% |
5.35% |
5.89% |
|
85%
|
5 year fixed
|
5.29% |
4.77% |
5.59% |
|
75%
|
2 year fixed |
5.50% |
4.93% |
5.70% |
|
75%
|
5 year fixed
|
5.12% | 4.58% | 5.42% |
|
60%
|
2 year fixed
|
5.07% | 4.78% | 5.62% |
|
60%
|
5 year fixed |
4.69% | 4.48% | 5.33% |
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 £223,426, for someone taking out an average five-year fixed, 85% LTV mortgage, is now £1,143 per month if repaying over 25 years, compared with £1,178 per month a year ago.
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