Posts by Rightmove
Rightmove: Proposed priorities for next govt, from stamp duty reform to greater green incentives
Rightmove’s pre-election report: proposed priorities for next government Accelerating house-building, first-time buyer support, stamp duty reform & greater green incentives Ahead of July’s general election, Rightmove suggests four areas of the housing market that need to be addressed to help people move home: Accelerating house-building for sale and to rent, along with longer term…
Read MoreRightmove’s weekly mortgage tracker 30/5/24
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…
Read MoreRightmove story: Home-movers undeterred by election
Majority of home-movers undeterred by election New insight among home-movers shows 95% say the upcoming election will not affect their moving plans Rightmove data from previous elections shows that the market remained steady: In 2015, demand from buyers was consistent leading up to the election, and experienced a post-election boost in June when the annual…
Read MoreRightmove’s weekly mortgage tracker 22/5/24
Matt Smith, Rightmove’s mortgage expert said: “Today’s inflation drop feels like an important milestone on the road to the first Base Rate cut. There’s been some to-ing and fro-ing over whether we’ll see a summer Base Rate cut, but today’s news will likely reinforce some of the positive words coming from the Bank of England…
Read MoreRightmove House Price Index: Record asking prices driven by pent-up demand
The average price of property coming to the market for sale reaches a new record of £375,131, rising by 0.8% (+£2,807) in the month, as the momentum of the Spring selling season exerts some modest upwards price pressure : The market remains price-sensitive with average asking prices just 0.6% higher than a year ago The…
Read MoreRightmove’s weekly mortgage tracker – 15/05/24
Headlines The average 5-year fixed mortgage rate is now 5.02%, up from 4.59% a year ago The average 2-year fixed mortgage rate is now 5.42%, up from 4.92% a year ago The average 85% LTV 5-year fixed mortgage rate is now 4.95%, up from 4.56% a year ago The average 60% LTV 5-year fixed mortgage rate is now 4.53%, up from 4.27% a year ago The average monthly mortgage payment on…
Read MoreRightmove comment on Base Rate hold
The Bank of England holds interest rates at 5.25% despite hopes of a cut after a majority decision of 7-2 at its Monetary Policy Committee voted in favour of keeping the status quo at a meeting yesterday. Homeowners hoping for a drop in their mortgage repayments will be disappointed by the Bank of England’s decision…
Read MoreVictorian homes reign as most sought-after period property style
The allure of Victorian architecture continues to captivate homebuyers, as new data from Rightmove, the UK’s number one property website, unveils that Victorian homes are the most searched for period property style. Rightmove’s Keyword Sort tool highlights the wider popularity of historic and unique properties, with ‘character’ and ‘period’ ranking in the top twenty most…
Read MoreAverage 5-year fixed mortgage rate now above 5% for first time since January – Rightmove’s weekly mortgage tracker
Headlines The average 5-year fixed mortgage rate is now 5.02%, up from 4.56% a year ago The average 2-year fixed mortgage rate is now 5.41%, up from 4.84% a year ago The average 85% LTV 5-year fixed mortgage rate is now 4.93%, up from 4.52% a year ago The average 60% LTV 5-year fixed mortgage rate is now 4.52%, up from 4.23% a year ago The average monthly mortgage payment on…
Read MoreRightmove’s weekly mortgage tracker – 02/05/24
Matt Smith, Rightmove’s mortgage expert said: “Next week’s Bank of England meeting will be quite key for setting the tone for mortgage rates leading into summer. An uneasy few weeks for the world economy has meant that there is still a lot of uncertainty around when we might see the first interest rate cut – and…
Read MoreAn average rate of 6% for the first time since November – Rightmove’s weekly mortgage tracker
Headlines The average 5-year fixed mortgage rate is now 4.89%, up from 4.45% a year ago The average 2-year fixed mortgage rate is now 5.29%, up from 4.75% a year ago The average 85% LTV 5-year fixed mortgage rate is now 4.82%, up from 4.42% a year ago The average 60% LTV 5-year fixed mortgage rate is now 4.36%, up from 4.15% a year ago The average monthly mortgage payment on…
Read MoreAberdeen is cheapest city to be a first-time buyer
New analysis reveals that Aberdeen is the cheapest city to be a first-time buyer with an average asking price of £102,602: The average monthly mortgage payment for a first-time buyer in Aberdeen is £406 per month, assuming the buyer has a 20% deposit, and a mortgage term of 35 years Data from UK Finance shows…
Read MoreSpring activity boost pushes asking prices close to new record
The average asking price of property coming to the market rises by 1.1% (+£4,207) this month to £372,324, just £570 short of the record in May 2023, while the annual rate of price growth is now +1.7%, the highest level for 12 months: A key factor behind this growth towards a near-record average price is…
Read MoreRightmove’s weekly mortgage tracker 17/4/24
Headlines The average 5-year fixed mortgage rate is now 4.84%, up from 4.45% a year ago The average 2-year fixed mortgage rate is now 5.23%, up from 4.77% a year ago The average 85% LTV 5-year fixed mortgage rate is now 4.77%, up from 4.46% a year ago The average 60% LTV 5-year fixed mortgage…
Read MoreRightmove comment on inflation reducing to 3.2%
UK inflation slowed less than expected last month, making traders and economists more cautious about the likely pace of interest rate cuts. Matt Smith, Rightmove’s mortgage expert said: ‘It’s positive to see inflation continuing to fall this morning, albeit not by quite as much as expected, as the blocks continue to build towards the anticipated…
Read More