Rightmove’s weekly mortgage tracker – 30/04/25
Rightmove’s mortgage expert Matt Smith says:
“Average rates have continued to slowly come down over the last week, while the cheapest available fixed mortgage rate is a 2-year fixed rate at 3.79% for those with the largest deposits. I think lenders are now biding their time until the 8th May Bank Rate decision, and will likely use what will hopefully be a second cut of the year as an opportunity for further reductions. That also leaves some room for lenders to handle anything unexpected over the next week or so. With lenders only having room to cut rates so far, I’d also expect them to continue to fine tune their affordability criteria to help people to borrow more where possible, which we’ve been seeing more of in recent weeks.”
Average rates for 2-year and 5-year fixed-rate mortgages
| Term | Average rate | Weekly change | Yearly change |
| 2-year fixed | 4.71% | -0.05% | -0.67% |
| 5-year fixed | 4.66% | -0.03% | -0.31% |
Lowest rates for 2-year and 5-year fixed-rate mortgages
| Term | Lowest rate | Weekly change | Yearly change |
| 2-year fixed | 3.79% | -0.07% | -0.82% |
| 5-year fixed | 3.88% | -0.01% | -0.28% |
Average fixed-term mortgage rates for home-buyers with 5-10% deposits
| Loan to Value (LTV) | Term | Avg rate 22 Apr 2025 |
Avg rate 29 Apr 2025 |
Weekly Change | Yearly Change |
| 95% | 2-year-fixed | 5.53% | 5.49% | -0.04% | -0.56% |
| 95% | 5-year-fixed | 5.34% | 5.33% | -0.01% | -0.26% |
| 90% | 2-year-fixed | 5.07% | 5.02% | -0.05% | -0.60% |
| 90% | 5-year-fixed | 4.87% | 4.83% | -0.04% | -0.31% |
Average fixed-term mortgage rates for home-buyers with 15-25% deposits
| Loan to Value (LTV) | Term | Avg rate 22 Apr 2025 |
Avg rate 29 Apr 2025 |
Weekly Change | Yearly Change |
| 85% | 2-year-fixed | 4.73% | 4.68% | -0.05% | -0.69% |
| 85% | 5-year-fixed | 4.63% | 4.61% | -0.02% | -0.29% |
| 75% | 2-year-fixed | 4.55% | 4.49% | -0.06% | -0.73% |
| 75% | 5-year-fixed | 4.51% | 4.49% | -0.02% | -0.35% |
Average fixed-term mortgage rates for home-buyers with 40% deposits
| Loan to Value (LTV) | Term | Avg rate 22 Apr 2025 |
Avg rate 29 Apr 2025 |
Weekly Change | Yearly Change |
| 60% | 2-year-fixed | 4.15% | 4.07% | -0.08% | -0.81% |
| 60% | 5-year-fixed | 4.17% | 4.12% | -0.05% | -0.38% |
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.
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