Rightmove’s weekly mortgage tracker 22/11/24
November 22, 2024
The current average asking price of a typical first-time buyer property is £225,340. For someone taking out an average five-year fixed, 85% LTV mortgage, the average monthly mortgage repayment on this type of home is now £1,104 per month if repaying over 25 years, compared with £1,138 per month a year ago (when the average first-time buyer property asking price was £223,426).
Latest rates data
Average rates for 2-year and 5-year fixed-rate mortgages
| Term | Average rate | Weekly change | Yearly change |
| 2-year fixed | 5.08% | +0.02% | -0.51% |
| 5-year fixed | 4.86% | +0.01% | -0.32% |
| Term | Lowest rate | Weekly change | Yearly change |
| 2-year fixed | 4.22% | +0.00% | -0.56% |
| 5-year fixed | 4.14% | +0.00% | -0.29% |
Average fixed-term mortgage rates for home-buyers with 5-10% deposits
| Loan to Value (LTV) | Term | Avg rate 15 Nov 2024 |
Avg rate 22 Nov 2024 |
Weekly Change | Yearly Change |
| 95% | 2-year-fixed | 5.63% | 5.65% | +0.02% | -0.34% |
| 95% | 5-year-fixed | 5.30% | 5.34% | +0.04% | -0.18% |
| 90% | 2-year-fixed | 5.47% | 5.49% | +0.02% | -0.32% |
| 90% | 5-year-fixed | 5.07% | 5.07% | +0.00% | -0.24% |
Average fixed-term mortgage rates for home-buyers with 15-25% deposits
| Loan to Value (LTV) | Term | Avg rate 15 Nov 2024 |
Avg rate 22 Nov 2024 |
Weekly Change | Yearly Change |
| 85% | 2-year-fixed | 5.08% | 5.10% | +0.02% | -0.62% |
| 85% | 5-year-fixed | 4.84% | 4.86% | +0.02% | -0.39% |
| 75% | 2-year-fixed | 4.82% | 4.84% | +0.02% | -0.60% |
| 75% | 5-year-fixed | 4.70% | 4.71% | +0.01% | -0.38% |
| Loan to Value (LTV) | Term | Avg rate 15 Nov 2024 |
Avg rate 22 Nov 2024 |
Weekly Change | Yearly Change |
| 60% | 2-year-fixed | 4.38% | 4.38% | +0.00% | -0.61% |
| 60% | 5-year-fixed | 4.31% | 4.33% | +0.02% | -0.29% |
These rates are provided by Podium and are an average based on 95% of the mortgage market. All rates are based on products with a circa £999 fee.
You May Also Enjoy
Get Fast and Reliable Basement Flood Cleaning Services
Having water in your basement is awful. It could be because of a storm, busted pipe, or bad sump pump. Whatever the reason, water damage in your basement has disastrous effects if not dealt with. Basement Flood Cleaning Services are what you need. They will dry it out, disinfect the floor, and have your basement…
Read More 
UK House Price Index summary: June 2025
The average monthly rate of house price growth in June was 1.4%. The average annual rate of house price growth in June was 3.7%, up from 2.7% in May. As a result, the average UK house price remains at £269,000. CEO of Yopa, Verona Frankish, commented: “June’s figures reflect a market that is steadily…
Read More 
Private rent and house prices, UK: August 2025
Average UK monthly private rents increased by 5.9%, to £1,343, in the 12 months to July 2025 (provisional estimate); this annual growth rate is down from 6.7% in the 12 months to June 2025. Average rents increased to £1,398 (6.0%) in England, £807 (7.9%) in Wales, and £999 (3.6%) in Scotland, in the 12 months…
Read More 
Industry response to latest inflation figures
Nathan Emerson, CEO of Propertymark, comments: “Unfortunately, any increase seen within the rate of inflation does brings very justified concerns to consumers, many of whom are still struggling with the cost of living, which has been steadily rising over the past few years. “Although there is more work to be done to help ensure inflation…
Read More 
London lettings market bolstered by record supply and resilient renter demand
· Supply conditions improved materially in July, with almost 50,000 new rental listings recorded, up 4% from June and 12% higher than July 2024. This represents the highest monthly volume in the last four years. · Renter demand strengthened notably in July, with a 25% uplift in new applicant registrations month-on-month. Compared with July 2024,…
Read More 
Bridging finance key in driving uplift in auction activity
The latest analysis from specialist lender, Octane Capital, has revealed that auction sales across England have climbed by almost 9% over the past year, with auction buyers increasingly turning to bridging finance to meet strict completion deadlines and capitalise on below-market investment opportunities. Octane Capital analysed the latest figures* on both the volume of auction…
Read More