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.
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