Rightmove’s Weekly Mortgage Tracker 10/4/24
Headlines
- The average 5-year fixed mortgage rate is now 4.84%, up from 4.49% a year ago
- The average 2-year fixed mortgage rate is now 5.22%, up from 4.82% a year ago
- The average 85% LTV 5-year fixed mortgage rate is now 4.79%, up from 4.50% a year ago
- The average 60% LTV 5-year fixed mortgage rate is now 4.33%, up from 4.17% 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 £1,101 per month, up from £1,060 per month a year ago
Latest rates data
| LTV
(loan to value) |
Term
|
Average rate 9th April 2024 | Lowest rate 9th April 2024 | Average rate
a year ago |
|
95%
|
2 year fixed | 5.97 % | 5.39 % | 5.52% |
|
95%
|
5 year fixed | 5.51 % | 5.07 % | 5.06% |
|
90%
|
2 year fixed | 5.47% | 5.13% | 5.12% |
|
90%
|
5 year fixed | 4.99% | 4.64% | 4.75% |
|
LTV (loan to value) |
Term |
Average rate 9th April 2024 | Lowest rate 9th April 2024 | Average rate
a year ago |
|
85%
|
2 year fixed | 5.21% | 4.86% | 4.88% |
|
85%
|
5 year fixed
|
4.79% | 4.38% | 4.50% |
|
75%
|
2 year fixed |
5.04% | 4.59% | 4.60% |
|
75%
|
5 year fixed
|
4.71% | 4.36% | 4.28% |
|
60%
|
2 year fixed
|
4.68% | 4.46% | 4.50% |
|
60%
|
5 year fixed |
4.33% | 4.13% | 4.17% |
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 £226,370, for someone taking out an average five-year fixed, 85% LTV mortgage, is now £1,101 per month if repaying over 25 years, compared with £1,060 per month a year ago.
Average mortgage rates to be credited to Rightmove. The data is provided by specialist mortgage technology provider Podium Solutions. The data covers 95% of mortgage lending, to exclude specialist lenders. All rates are based on products with a circa £999 fee.
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