Rightmove’s weekly mortgage tracker – 31/10/24
- The average 5-year fixed mortgage rate is now 4.64%, down from 5.36% a year ago
- The average 2-year fixed mortgage rate is now 4.91%, down from 5.81% a year ago
- The average 85% LTV 5-year fixed mortgage rate is now 4.66%, down from 5.44% a year ago
- The average 60% LTV 5-year fixed mortgage rate is now 4.04%, down from 4.94% 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 £1,089 per month, down from £1,164 per month a year ago
Latest rates data
| LTV
(loan to value) |
Term
|
Average rate 31st October 2024 | Lowest rate 31st October 2024 | Average rate
a year ago |
|
All
|
2 year fixed | 4.91% | 3.96% | 5.81% |
|
All
|
5 year fixed | 4.64% | 3.84% | 5.36% |
| LTV
(loan to value) |
Term
|
Average rate 31st October 2024 | Lowest rate 31st October 2024 | Average rate
a year ago |
|
95%
|
2 year fixed | 5.56% | 5.20% | 6.24% |
|
95%
|
5 year fixed | 5.23% | 4.90% | 5.76% |
|
90%
|
2 year fixed | 5.35% | 4.87% | 6.05% |
|
90%
|
5 year fixed | 4.89% | 4.49% | 5.51% |
|
LTV (loan to value) |
Term |
Average rate 31st October 2024 | Lowest rate 31st October 2024 | Average rate
a year ago |
|
85%
|
2 year fixed | 4.93% | 4.47% | 5.96% |
|
85%
|
5 year fixed
|
4.66% | 4.09% | 5.44% |
|
75%
|
2 year fixed |
4.69% | 4.11% | 5.57% |
|
75%
|
5 year fixed
|
4.46% | 3.89% | 5.16% |
|
60%
|
2 year fixed
|
4.17% | 3.96% | 5.37% |
|
60%
|
5 year fixed |
4.04% | 3.84% | 4.94% |
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 £1,089 per month if repaying over 25 years, compared with £1,164 per month a year ago (when the average first-time buyer property asking price was £224,263).
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.
You May Also Enjoy
2026 Will Test BTR’s Potential and Government’s Resolve
December Cash Buyers on the Decline
Breaking Property News 10/12/25
Rental demand drops to six-year low
Christmas move-in rush drives short-term rental spikes
