The latest data from Rightmove shows that the average two-year fixed rate is 4.54% and the average five-year fixed rate is 4.56%. This is up 0.02% and 0.01% respectively compared to last week, but down 0.44% and 0.05% compared to the same period last year.
The lowest two and five-year fixed rate stands at 3.75% and 3.89%, which is unchanged week-on-week, but a fall of 0.24% and rise of 0.12% year-on-year.
At 60% loan to value (LTV), the two-year fixed rate is 3.98%, while its five-year fixed rate is 4.1%. This is in line with last week’s pricing, and the two-year fixed rate is down 0.22% year-on-year while the five-year fixed rate is up 0.21% annually.
Going up to 75% LTV, the two-year fixed rate comes to 4.36% and the five-year fixed rate is priced at 4.41%. This is slightly up on last week, but the two-year fixed rate is 0.38% down on the same period last year.
Within the 85% LTV tier, the two-year fixed rate is priced at 4.44% and its five-year fixed rate is 4.46%. This is similar to weekly pricing, but the two-year fixed rate is down 0.55% and 0.19% compared to last year.
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At 90% LTV, the two and five-year fixed rate comes to 4.73%, in line with last week, by down 0.68% and 0.17% annually.
Going up to 95% LTV, the average two-year fixed rate is 5.2% and the five-year fixed rate is 5.15%, slightly up 0.04% week-on-week. The two-year fixed rate is up 0.44% and the five-year fixed rate is up 0.16%.