- The average five-year fixed mortgage rate is now 5.21%, down from 5.62% a year ago
- The average two-year fixed mortgage rate is now 5.65%, down from 5.88% a year ago
- The average 85 per cent LTV five-year fixed mortgage rate is now 5.29%, down from 5.59% a year ago
- The average 60 per cent LTV five-year fixed mortgage rate is now 4.69%, down from 5.33% 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 per cent LTV mortgage, is now £1,143 per month, down from £1,178 per month a year ago
LTV (loan to value) |
Term |
Average rate 21st November 2023 |
Lowest rate 21st November 2023 |
Average rate a year ago |
95% |
2 year fixed |
6.03% |
5.85% |
6.34% |
95% |
5 year fixed |
5.56% |
5.30% |
5.97% |
90% |
2 year fixed |
5.85% |
5.43% |
6.13% |
90% |
5 year fixed |
5.33% |
4.92% |
5.86% |
LTV (loan to value) |
Term |
Average rate 21st November 2023 |
Lowest rate 21st November 2023 |
Average rate a year ago |
85% |
2 year fixed |
5.77% |
5.35% |
5.89% |
85% |
5 year fixed |
5.29% |
4.77% |
5.59% |
75% |
2 year fixed |
5.50% |
4.93% |
5.70% |
75% |
5 year fixed |
5.12% |
4.58% |
5.42% |
60% |
2 year fixed |
5.07% |
4.78% |
5.62% |
60% |
5 year fixed |
4.69% |
4.48% |
5.33% |
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