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
NPPF review is a chance to fix planning, build homes, restore wildlife and help SMEs
The latest National Planning Policy Framework (NPPF) unveils an ambitious package of reforms designed to speed up the planning process and make smaller sites more viable. This includes trimming environmental regulations and cutting Building Safety Levy on smaller sites, as well as providing more funding to local authorities to process planning applications faster, whilst taking…
Read More 
Five key tax mistakes made by landlords
By Allison Thompson, National Lettings Managing Director, Leaders Landlord tax is a hugely complicated area, so if you are investing in buy-to-let or renting out any property you own, it’s well worth consulting a specialist property tax adviser. They can help ensure you: a. Own, let, take income and realise gains from your investment in…
Read More 
House prices post third consecutive quarter of growth
The latest Property Market Index Review by London lettings and estate agent, Benham and Reeves, has revealed that the property market continued to demonstrate positive momentum during the third quarter of this year, with house prices increasing for a third consecutive time, although the rate of growth seen did slow considerably when compared to the…
Read More 
Estate agent predicts ‘Boxing Day Bonanza’ as property market reignites
A leading estate agent is forecasting a “Boxing Day Bonanza” for home movers. Brendan Kay, Managing Director of Parkers Properties in West Oxfordshire, says that the “market is coiling and about to spring” after months of inertia driven by Budget uncertainty. Brendan, who has offices in Witney and Eynsham, looks after clients in some of…
Read More 
Agent numbers set to grow by 4% in 2026
The latest research from The Property DriveBuy reveals that the number of estate agency businesses in the UK could be set to increase by over 4% in 2026, marking another year of solid expansion for the sector and further increasing the level of market competition. Property DriveBuy analysed available Office for National Statistics data (2017-2025)…
Read More 
Rental supply climbs 15% despite landlord uncertainty
The latest research from Dwelly has found that, despite what has been an incredibly uncertain year for landlords – marked by political back and forth over the Renters’ Rights Act, its eventual approval, and the additional 2% tax hit delivered in last week’s Autumn Budget – there are currently 15% more rental homes available to…
Read More