Rightmove’s weekly mortgage tracker – 25/09/24

September 25, 2024
Love or Hate Rightmove
  • The average 5-year fixed mortgage rate is now 4.58%, down from 5.53% a year ago
  • The average 2-year fixed mortgage rate is now 4.93%, down from 6.07% a year ago
  • The average 85% LTV 5-year fixed mortgage rate is now 4.61%, down from 5.60% a year ago
  • The average 60% LTV 5-year fixed mortgage rate is now 3.87%, down from 5.15% 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 £1,087 per month, down from £1,187 per month a year ago

 

 Latest rates data

 

LTV

(loan to value)

 

Term

 

Average rate 25th September 2024

Lowest rate 25th September 2024

Average rate

a year ago

 

All

 

2 year fixed

4.93%

3.94%

6.07%

 

All

 

5 year fixed

4.58%

3.70%

5.53%

 

 

LTV

(loan to value)

 

Term

 

Average rate 25th September 2024

Lowest rate 25th September 2024

Average rate

a year ago

 

95%

 

2 year fixed

5.58%

5.29%

6.41%

 

95%

 

5 year fixed

5.21%

4.99%

5.87%

 

90%

 

2 year fixed

5.40%

5.04%

6.34%

 

90%

 

5 year fixed

4.88%

4.49%

5.72%

 

 

 

LTV (loan to value)

 

Term

Average rate 25th September 2024

Lowest rate 25th September 2024

Average rate

a year ago

 

85%

 

2 year fixed

4.94%

4.49%

6.16%

 

85%

 

 

5 year fixed

 

4.61%

4.12%

5.60%

 

75%

 

 

2 year fixed

4.68%

4.14%

5.88%

 

75%

 

 

5 year fixed

 

4.37%

3.89%

5.34%

 

60%

 

 

2 year fixed

 

4.15%

3.94%

5.71%

 

60%

 

 

5 year fixed

3.87%

3.70%

5.15%

 

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 £227,191, for someone taking out an average five-year fixed, 85% LTV mortgage, is now £1,095 per month if repaying over 25 years, compared with £1,191 per month a year ago (when the average first-time buyer property asking price was £223,614).

Rightmove

UK Property news updates shared directly from Rightmove PLC - the country's leading property portal.

You May Also Enjoy

Estate Agent Talk

Different Conservatory Designs and Styles

When it comes to selecting a conservatory, the design is paramount in defining its character and functionality. There are several popular designs, each offering a unique aesthetic and purpose. The Victorian conservatory, with its ornate detailing and multi-faceted roof, evokes a sense of timeless elegance. This style often features decorative finials, intricate glazing, and a…
Read More →
Breaking News

Planning Bill is a huge opportunity to save British construction

The Government has finally unveiled the Planning and Infrastructure Bill, introducing a number of measures that change some fundamental elements of how planning works. Richard Beresford, Chief Executive of the National Federation of Builders (NFB), commented: “The Labour Government is wasting no time in proving that their manifesto pledges on planning reform are real. Planning…
Read More →
bank of england interest rate
Breaking News

Bank of England Mortgage Lenders and Administrators Statistics showing increase in first time buyers

Mortgage Lenders and Administrators Statistics – 2024 Q4 The Mortgage Lenders and Administrators Return (MLAR) is a quarterly statistical release aggregated from data on mortgage lending activities provided by around 340 regulated mortgage lenders and administrators. Key findings The outstanding value of all residential mortgage loans increased by 0.5% from the previous quarter to £1,678.2…
Read More →
Breaking News

Law Firm Sees 94% Increase In Home Sellers ahead of Stamp Duty Change

Taylor Rose, the leading independent law firm, has seen a 94% increase in conveyancing instructions compared to last year. Data reveals that Taylor Rose has received 5,297 instructions – the point when a buyer moves forward with the purchase agreement of a property – in January and February 2025 compared to 2,738 in the same…
Read More →
How good is the Karcher K2 Pressure Washer
Software & Tech

The Importance of Using the Correct Parts and Safety Measures in Mechanical Operations

Mechanical operations involve complex machinery and equipment that require precision, durability, and strict safety protocols. Whether working in manufacturing, automotive repair, or industrial maintenance, using the right components—such as a choke cable, Numatic spare parts, or implementing safety measures like a retractable barrier—is crucial for operational efficiency and accident prevention. This article explores the significance…
Read More →
Breaking News

Breaking Property News 11/03/25

Daily bite-sized proptech and property news in partnership with Proptech-X.   Aurelius company tmGroup acquires Veya Press Release – London – tmGroup, a leading provider of property data and technology solutions, is pleased to announce the acquisition of Veya, an innovative title deed analysis and early warning platform. This strategic acquisition comes quickly after the business recently…
Read More →