Rightmove’s weekly mortgage tracker

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Headlines

  • The average 5-year fixed mortgage rate is now 04%, up from 4.63% a year ago
  • The average 2-year fixed mortgage rate is now 41%, up from 4.97% a year ago
  • The average 85% LTV 5-year fixed mortgage rate is now 01%, up from 4.55% a year ago
  • The average 60% LTV 5-year fixed mortgage rate is now 48%, up from 4.38% 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 £1,134 per month, up from £1,083 per month a year ago

Latest rates data

LTV 

(loan to value)

Term

Average rate 30th May 2024 Lowest rate 30th May 2024 Average rate

a year ago 

 

95%

 

2 year fixed 6.10% 5.52% 5.74%
 

95%

 

5 year fixed 5.69% 5.15% 5.27%
 

90%

 

2 year fixed 5.60% 5.19% 5.09%
 

90%

 

5 year fixed 5.17% 4.71% 4.76%

 

 

LTV (loan to value)

Term

Average rate 30th May 2024 Lowest rate 30th May 2024 Average rate

a year ago 

 

85%

 

2 year fixed 5.40% 4.99% 4.91%
 

85%

 

 

5 year fixed

 

5.01% 4.59% 4.55%
 

75%

 

 

2 year fixed

5.28% 4.79% 4.78%
 

75%

 

 

5 year fixed

 

4.95% 4.44% 4.43%
 

60%

 

 

2 year fixed

 

4.88% 4.75% 4.73%
 

60%

 

 

5 year fixed

4.48% 4.34% 4.38%

 

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 £228,003, for someone taking out an average five-year fixed, 85% LTV mortgage, is now £1,134 per month if repaying over 25 years, compared with £1,083 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.

Rightmove

UK Property news updates shared directly from Rightmove PLC - the country's leading property portal.

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