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.
You May Also Enjoy
London property values set to fall
The latest market analysis from House Buyer Bureau has found that London is now the only region of Britain where house prices continue to trend downwards, with the average home in the capital forecast to lose almost another £5,000 in value before the end of the year should current market conditions persist. House Buyer Bureau…
Read More 
London property values set to fall
The latest market analysis from House Buyer Bureau has found that London is now the only region of Britain where house prices continue to trend downwards, with the average home in the capital forecast to lose almost another £5,000 in value before the end of the year should current market conditions persist. House Buyer Bureau analysed…
Read More 
Second-steppers turn to higher LTV mortgages as deposits fall
Barclays mortgage data shows the average value of home movers’ (non-first-time buyers) deposits fell -24.8 per cent year-on-year However, the average purchase price for home movers increased 1.0 per cent year-on-year in June, as borrowers make use of higher loan-to-value mortgage products to climb the ladder 34 per cent of prospective second-steppers say they feel…
Read More 
Conservatories fall out of fashion
Conservatories fall out of fashion as fewer than one in 10 homes boast the former must-have feature The latest market analysis from eXp UK has revealed that conservatories appear to have fallen out of favour with England’s homeowners, with fewer than one in 10 properties currently listed for sale offering the once-popular home improvement.…
Read More 
95% of estate agents say homebuying reforms could speed up property transactions
The latest survey by GetAgent.co.uk has found overwhelming support from estate agents for the Government’s proposed homebuying reforms, with the vast majority believing the changes will create a faster, more stable and more efficient property market. The proposed reforms are designed to modernise the homebuying process by introducing greater upfront information, earlier legal certainty and measures…
Read More 
Private rent and house prices, UK: July 2026
1. Main points Average UK monthly private rent increased by 3.3%, to £1,388, in the 12 months to June 2026 (provisional estimate); this annual growth rate remained unchanged from the 12 months to May 2026. Average rents increased to £1,446 (3.4%) in England, £843 (4.9%) in Wales, and £1,012 (1.3%) in Scotland, in the 12 months…
Read More