Rightmove’s weekly mortgage tracker – 29/11/2023
November 29, 2023
- The average 5-year fixed mortgage rate is now 5.14%, down from 5.52% a year ago
- The average 2-year fixed mortgage rate is now 5.56%, down from 5.77% a year ago
- The average 85% LTV 5-year fixed mortgage rate is now 5.22%, down from 5.54% a year ago
- The average 60% LTV 5-year fixed mortgage rate is now 4.55%, down from 5.26% 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 £1,135 per month, down from £1,173 per month a year ago
Latest rates data
| LTV
(loan to value) |
Term
|
Average rate 28th November 2023 | Lowest rate 28th November 2023 | Average rate
a year ago |
|
95%
|
2 year fixed | 5.96% | 5.85% | 6.22% |
|
95%
|
5 year fixed | 5.50% | 5.30% | 5.89% |
|
90%
|
2 year fixed | 5.79% | 5.39% | 6.04% |
|
90%
|
5 year fixed | 5.29% | 4.89% | 5.74% |
|
LTV (loan to value) |
Term |
Average rate 28th November 2023 | Lowest rate 28th November 2023 | Average rate
a year ago |
|
85%
|
2 year fixed |
5.69% |
5.23% |
5.81% |
|
85%
|
5 year fixed
|
5.22% |
4.71% |
5.54% |
|
75%
|
2 year fixed |
5.39% |
4.90% |
5.58% |
|
75%
|
5 year fixed
|
5.05% | 4.46% | 5.31% |
|
60%
|
2 year fixed
|
4.90% | 4.75% | 5.52% |
|
60%
|
5 year fixed |
4.55% | 4.36% | 5.26% |
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 £223,426, for someone taking out an average five-year fixed, 85% LTV mortgage, is now £1,135 per month if repaying over 25 years, compared with £1,173 per month a year ago.
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