Rightmove’s weekly mortgage tracker shows that the average five-year fixed mortgage rate is now 4.69%, down from 4.70% a year ago

The average two-year fixed mortgage rate is now 5.03%, up from 5.02% a year ago.

The average 85% LTV five-year fixed mortgage rate is now 4.64%, down from 4.73% a year ago.

The average 60% LTV five-year fixed mortgage rate is now 4.13%, down from 4.32% 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 £1,066 per month, down from £1,076 per month a year ago