Rightmove’s weekly mortgage tracker – 5/12/24
December 5, 2024
The current average asking price of a typical first-time buyer property is £225,340. For someone taking out an average five-year fixed, 85% LTV mortgage, the average monthly mortgage repayment on this type of home is now £1,104 per month if repaying over 25 years, compared with £1,138 per month a year ago (when the average first-time buyer property asking price was £223,426).
Average rates for 2-year and 5-year fixed-rate mortgages
| Term | Average rate | Weekly change | Yearly change |
| 2-year fixed | 5.09% | +0.00% | -0.44% |
| 5-year fixed | 4.86% | +0.00% | -0.26% |
| Term | Lowest rate | Weekly change | Yearly change |
| 2-year fixed | 4.22% | +0.00% | -0.53% |
| 5-year fixed | 4.14% | +0.00% | -0.22% |
Average fixed-term mortgage rates for home-buyers with 5-10% deposits
| Loan to Value (LTV) | Term | Avg rate 28 Nov 2024 |
Avg rate 05 Dec 2024 |
Weekly Change | Yearly Change |
| 95% | 2-year-fixed | 5.65% | 5.70% | +0.05% | -0.25% |
| 95% | 5-year-fixed | 5.33% | 5.33% | +0.00% | -0.16% |
| 90% | 2-year-fixed | 5.49% | 5.48% | -0.01% | -0.29% |
| 90% | 5-year-fixed | 5.07% | 5.07% | +0.00% | -0.19% |
Average fixed-term mortgage rates for home-buyers with 15-25% deposits
| Loan to Value (LTV) | Term | Avg rate 28 Nov 2024 |
Avg rate 05 Dec 2024 |
Weekly Change | Yearly Change |
| 85% | 2-year-fixed | 5.10% | 5.09% | -0.01% | -0.56% |
| 85% | 5-year-fixed | 4.86% | 4.86% | +0.00% | -0.35% |
| 75% | 2-year-fixed | 4.87% | 4.86% | -0.01% | -0.51% |
| 75% | 5-year-fixed | 4.74% | 4.73% | -0.01% | -0.30% |
Average fixed-term mortgage rates for home-buyers with 40% deposits
| Loan to Value (LTV) | Term | Avg rate 28 Nov 2024 |
Avg rate 05 Dec 2024 |
Weekly Change | Yearly Change |
| 60% | 2-year-fixed | 4.38% | 4.38% | +0.00% | -0.51% |
| 60% | 5-year-fixed | 4.32% | 4.32% | +0.00% | -0.17% |
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.
You May Also Enjoy
Summer set to bring seasonal spike in homeseller activity
The latest analysis by Foxtons has revealed that while autumn is traditionally the busiest time of year for the property market, summer is the ideal time for homeowners to get their property ready and listed if they want to take advantage of the heightened buyer activity still to come in 2026. Foxtons analysed government property transaction…
Read More 
World’s Football Stadiums Occupy Incredibly Valuable Real Estate
The latest research from LandSale, the property portal dedicated to land and rural property, has revealed which nations competing at the 2026 FIFA World Cup are sitting on the most valuable home turf, based on current land values surrounding their national stadiums. LandSale analysed the primary home stadium used by each national team and applied…
Read More 
One in five landlords don’t trust letting agents
The latest research by The Letting Partnership has found that almost one in five landlords do not trust letting agents to correctly handle rental income and tenancy deposits, whilst a lack of visibility around compliance standards is preventing many agents from building greater confidence with their clients. The Letting Partnership surveyed 890 landlords across England…
Read More
Rental price and average salary tracker – May 2026
Scottish Rent Surge Drives Regional Growth as Affordability Pressures Persist Across UK Scotland recorded the strongest monthly rental growth of any UK region, with average rents rising from £1,167 in April to £1,257 in May (+7.7%), pushing the typical salary required to secure a home to £37,710. London average monthly costs increased from £2,259 to…
Read More 
Rental yields climb across London
Tower Hamlets and Newham deliver strongest buy-to-let returns as rental yields climb across London The latest research from London lettings and estate agent, Benham and Reeves, reveals that Tower Hamlets and Newham currently offer the strongest rental yields for buy-to-let landlords, having also recorded the largest annual increases in rental yield across all London…
Read More 
World Cup host cities have seen house prices climb by 44%
World Cup host cities have seen house prices climb by 44% since 2026 tournament announcement The latest analysis from Enness Global has revealed that property values across the cities selected to host matches during the 2026 FIFA World Cup have increased by an average of 44% since the tournament was awarded in 2018, highlighting…
Read More