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
Fast track to London: The Essex villages offering country living and commuter convenience
For London buyers looking to exchange city life for more space, greenery and a stronger sense of community, Essex offers an appealing combination of countryside living and convenient connections into the capital. The rise of hybrid working has changed what buyers expect from a commuter location, and rather than simply searching for the shortest possible…
Read More 
‘Spider season’ hits UK bedrooms
‘Spider season’ hits UK bedrooms – expert shares FIVE expert tips on keeping eight-legged visitors at bay As autumn sets in, millions of UK households are bracing themselves for ‘spider season’, the surge of male spiders entering homes in September and October in search for a mate. One of the most common places that spiders…
Read More 
Good-view homes command 81% premium
The latest research from UK Property Development (UKPD) reveals that new-build homes that boast a good view command an average price premium of 81.4% compared to overall new-build prices, with the premium in London approaching 110%. UKPD has analysed the estimated average asking price of new-build homes in England marketed as offering a ‘good view’,…
Read More 
Want to Be in Your New Home by Christmas?
Moving house can be a complex and stressful process, with delays at various stages potentially putting completion dates at risk. Government data shows that the average home purchase takes around 120 days to complete, while around one in three property sales fall through, costing sellers an estimated £400 million each year. With Christmas now just…
Read More 
Help Buyers to get Britain Building
Tim Foreman, Managing Director of Land and New Homes, LRG, comments: It is clear that Labour cannot meet its housing ambitions just through planning reform. It is imperative that Andy Burnham uses time at the upcoming Labour Party Conference to back a targeted successor to Help to Buy – one that restores demand without repeating…
Read More 
Landlords say managing rentals has become harder
Three-quarters of portfolio landlords say managing rentals has become harder The latest research from residential property management specialist, Rushbrook, has found that almost three-quarters of portfolio landlords say managing their rental portfolio has become harder in recent years, with the changing legislative landscape now prompting many to reconsider whether they need professional help with…
Read More