The latest Rightmove figures show that the average two-year standard fixed rate is at 4.61%, while the average five-year fixed rate is priced at 4.59%. These are year-on-year drops of 0.8% and 0.42% apiece.
Looking at the lowest rates, the two-year fixed rate is 3.72% and the five-year fixed rate is 3.78%, drops of 1.03% and 0.56% year-on-year respectively.
At 60% loan to value (LTV), the average two-year fixed rate comes to 3.94%, while the average five-year fixed rate is 3.99%. These are down 0.95% and 0.5% compared to last year.
Going up to 75% LTV, the average two-year fixed rate is 4.37% and the average five-year fixed rate is 4.39%, falls of 0.88% and 0.47% compared to the same period last year.
Within the 85% LTV tier, the average two-year fixed rate is 4.58% and the average five-year fixed rate is 4.54%. These are decreases of 0.81% and 0.41% year-on-year.
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At 90% LTV, the average two-year fixed rate is 4.92% and the average five-year fixed rate is 4.78%, drops of 0.75% and 0.42% compared to the same period last year respectively.
Going up to 95% LTV, the average two-year fixed rate is 5.34% and the average five-year fixed rate is 5.26%. These are decreases of 0.76% and 0.44% annually.
