Rightmove’s weekly mortgage tracker – 24/10/24

October 24, 2024
Love or Hate Rightmove
  • The average 5-year fixed mortgage rate is now 4.64%, down from 5.39% a year ago
  • The average 2-year fixed mortgage rate is now 4.94%, down from 5.85% a year ago
  • The average 85% LTV 5-year fixed mortgage rate is now 4.65%, down from 5.47% a year ago
  • The average 60% LTV 5-year fixed mortgage rate is now 4.05%, down from 4.95% 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 £1,088 per month, down from £1,167 per month a year ago

 

 Latest rates data

 

LTV

(loan to value)

 

Term

 

Average rate 24th October 2024

Lowest rate 24th October 2024

Average rate

a year ago

 

All

 

2 year fixed

4.94%

3.94%

5.85%

 

All

 

5 year fixed

4.64%

3.77%

5.39%

 

 

LTV

(loan to value)

 

Term

 

Average rate 24th October 2024

Lowest rate 24th October 2024

Average rate

a year ago

 

95%

 

2 year fixed

5.52%

5.20%

6.26%

 

95%

 

5 year fixed

5.19%

4.90%

5.78%

 

90%

 

2 year fixed

5.34%

4.90%

6.10%

 

90%

 

5 year fixed

4.89%

4.49%

5.57%

 

 

 

LTV (loan to value)

 

Term

Average rate 24th October 2024

Lowest rate 24th October 2024

Average rate

a year ago

 

85%

 

2 year fixed

4.95%

4.47%

6.00%

 

85%

 

 

5 year fixed

 

4.65%

4.09%

5.47%

 

75%

 

 

2 year fixed

4.71%

4.14%

5.62%

 

75%

 

 

5 year fixed

 

4.45%

3.87%

5.19%

 

60%

 

 

2 year fixed

 

4.24%

3.94%

5.40%

 

60%

 

 

5 year fixed

4.05%

3.77%

4.95%

 

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 £226,868, for someone taking out an average five-year fixed, 85% LTV mortgage, is now £1,088 per month if repaying over 25 years, compared with £1,167 per month a year ago (when the average first-time buyer property asking price was £224,263).

EAN Content

Content shared by this account is either news shared free by third parties or sponsored (paid for) content from third parties. Please be advised that links to third party websites are not endorsed by Estate Agent Networking - Please do your own research before committing to any third party business promoted on our website. As an Amazon Associate, I earn from qualifying purchases.

You May Also Enjoy

Rightmove logo
Breaking News

Bigger Boxing Day bounce expected, as prices to rise 2% in 2026

Average new seller asking prices fall by 1.8% (-£6,695) this month to £358,138. This larger than usual December drop means that prices are 0.6% (-£2,059) lower at the end of 2025 than in 2024 Bigger than usual Rightmove Boxing Day Bounce expected, as those who paused due to Budget uncertainty to join the post-Christmas boost…
Read More →
Breaking News

UK Finance Mortgage Market Forecast 2026-2027

UK Finance today releases its Mortgage Market Forecast. In 2026 we expect to see: Overall gross lending rise by four per cent to £300 billion. 10,000 fewer property transactions in 2026 compared to 2025. A 10 per cent rise in external remortgaging and two per cent rise in Product Transfers. 1.8 million fixed rate mortgages…
Read More →
Christmas Decorations - Good or Bad for Selling
Breaking News

Home Alone still most valuable Christmas TV property

New research from Yopa reveals that the McCallister house in Home Alone continues to be the most valuable Christmas movie and TV property, while the homes of Sherlock Holmes and Bridget Jones have seen the biggest annual price increases. Yopa has looked at the estimated market value of 10 of the most famous houses from…
Read More →
Breaking News

Housing Insight Report October 2025

The latest figures reveal a steadier, more confident property market, with committed buyers driving sales and rental arrears falling to their lowest level since 2022. In spite of slight dips in demand, rising stock levels and stabilising rents signal a sector gradually finding its balance. Residential sales Prospective buyer registrations dropped in October 2025 The…
Read More →
Breaking News

9 luxury property features to impress Christmas guests

9 of the fanciest home features to impress your Christmas guests – And how much they’ll set you back As the festive season approaches and we prepare to welcome guests into our homes, Enness Global has identified nine of the most extravagant and fancy home features that define true luxury at Christmas. But impressing the…
Read More →
Rightmove logo
Breaking News

No acceleration in rental EPC improvements despite policy push

Rightmove’s 2025 Greener Homes Report reveals: Energy efficiency of homes continues to steadily improve, but slowly: Rental sector stock still more energy efficient than resale stock Both markets have seen a 3% year-on-year jump in proportion of homes with at least an EPC rating of C (58% of homes for rent, 46% of homes for…
Read More →