Rightmove’s weekly mortgage tracker 17/4/24
April 17, 2024
Headlines
- The average 5-year fixed mortgage rate is now 4.84%, up from 4.45% a year ago
- The average 2-year fixed mortgage rate is now 5.23%, up from 4.77% a year ago
- The average 85% LTV 5-year fixed mortgage rate is now 4.77%, up from 4.46% a year ago
- The average 60% LTV 5-year fixed mortgage rate is now 4.29%, up from 4.13% 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 £1,099 per month, up from £1,056 per month a year ago
Latest rates data
| LTV
(loan to value) |
Term
|
Average rate 17th April 2024 | Lowest rate 17th April 2024 | Average rate
a year ago |
|
95%
|
2 year fixed | 5.98% | 5.47% | 5.48% |
|
95%
|
5 year fixed | 5.52% | 5.09% | 5.04% |
|
90%
|
2 year fixed | 5.50% | 5.13% | 5.07% |
|
90%
|
5 year fixed | 5.03% | 4.64% | 4.69% |
|
LTV (loan to value) |
Term |
Average rate 17th April 2024 | Lowest rate 17th April 2024 | Average rate
a year ago |
|
85%
|
2 year fixed | 5.21% | 4.86% | 4.83% |
|
85%
|
5 year fixed
|
4.77% | 4.38% | 4.46% |
|
75%
|
2 year fixed |
5.04% | 4.59% | 4.56% |
|
75%
|
5 year fixed
|
4.69% | 4.36% | 4.25% |
|
60%
|
2 year fixed
|
4.67% | 4.46% | 4.46% |
|
60%
|
5 year fixed |
4.29% | 4.13% | 4.13% |
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 £1,099 per month if repaying over 25 years, compared with £1,056 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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