Posts by Rightmove
Rightmove’s Weekly Mortgage Tracker 15/08/23
The average 5-year fixed mortgage rate is now 5.86%, up from 3.85% a year ago The average 2-year fixed mortgage rate is now 6.46%, up from 3.74% a year ago The average 85% LTV 5-year fixed mortgage rate is now 5.92%, up from 3.83% a year ago The average 60% LTV 5-year fixed mortgage rate…
Read MoreRightmove and Propertymark Announce Partnership
Rightmove and Propertymark today announce a two-year partnership to provide agents with the latest local market data and easier access to training at events across Great Britain. The partnership will see Rightmove data presented at nine key Propertymark regional conferences and the Scottish national conference during the remainder of 2023, with bespoke insights prepared…
Read MoreRightmove comment on Base Rate rise
Matt Smith, Rightmove’s mortgage expert says: “After a rollercoaster few weeks, the market position today is actually largely similar to six weeks ago, in that today’s rate increase was much anticipated by lenders and has been largely factored in already to mortgage rates, meaning we expect mortgage rates to continue their slow downward trajectory over…
Read MoreRightmove launches new tool to help agencies manage staff training
Rightmove has launched a brand new tool to help agencies manage their Rightmove training and make the most of the ever-growing range of free training courses available on the Rightmove Hub. The new tool ‘Teams View’ is available within the Rightmove Hub and allows agencies to have better visibility of the Rightmove training staff have…
Read MoreRightmove to host energy efficiency webinar for agents
Rightmove will host a webinar for agents on Thursday 3rd August at 10:00am focused on the latest insights, data and trends surrounding energy efficiency, Energy Performance Certificates (EPC’s) and greener homes. Energy efficiency is increasingly a concern for not only landlords but buyers, sellers and renters too, with one in five tenants and one in…
Read MoreRightmove’s weekly mortgage tracker 01/08/23
Headline stats The average 5-year fixed mortgage rate is now 6.08%, up from 3.69% a year ago The average 2-year fixed mortgage rate is now 6.61%, up from 3.66% a year ago The average 85% LTV 5-year fixed mortgage rate is now 6.15%, up from 3.63% a year ago The average 60% LTV 5-year fixed…
Read MoreMore significant incentives & clarity needed to retrofit homes
Rightmove today suggests that more help and more significant incentives are needed for home-owners and landlords to improve energy efficiency and help them bring down running costs: Higher energy bills have contributed to one in five tenants (19%) and one in five first-time buyers (19%) saying a property’s energy efficiency will be a major factor…
Read MoreRightmove’s weekly mortgage tracker 25/07/23
Rightmove’s mortgage expert Matt Smith says: “After the market turbulence over the last two months, the signs are there that mortgage rates are reaching a peak. There’s been an increase in average rates compared with last week, but we may now see some lenders begin to cut rates as soon as the coming days. However,…
Read MoreRightmove rental tracker: Asking rents hit new record and now a third higher than pre-pandemic
National average asking rents outside London hit new record of £1,231 per calendar month (pcm): Average asking rents for new tenants are now over £300 (33%) more than pre-pandemic 2019 The annual pace of rent growth is slowing slightly, however it remains near double-digits Average asking rents for new tenants in London also reach new…
Read MoreRightmove’s weekly mortgage tracker 18/07/23
Rightmove’s mortgage expert Matt Smith says: “Despite the rate rises we’ve seen this week, swap rates – the underlying costs of mortgages for lenders – have responded positively to the news that last week’s US inflation figures fell to a two-year low, and this has taken some pressure off lenders to increase rates further. “Some…
Read MoreRightmove’s weekly mortgage tracker 11/07/23
Rightmove’s mortgage expert Matt Smith says: “Rates are up by an average of 0.13% this week, which though slightly higher than last week’s 0.12%, is weighted much more towards shorter-term rather than longer-term fixed-deals. This reflects the ongoing view that rates will have to go higher to address inflation in the short term, but markets…
Read MoreRightmove’s weekly mortgage tracker 04/07/23
Rightmove’s mortgage expert Matt Smith says: “Average mortgage rates have continued to increase this week as anticipated, as the market continues to re-adjust its expectations around where the Base Rate will end up. The pace of rate increases is slowing – however, the market is still in a position where any further bad news is…
Read MoreRightmove announces month of legislation webinars for agents
Rightmove is hosting a series of webinars throughout July focussed on legislation and compliance, to help agents understand the latest changes and how they may affect their business. Staying compliant continues to rank high on the list of concerns from agents and remains one of the most popular topics covered in Rightmove webinars. …
Read MoreLandlords invest in higher EPC rated properties
A new study from Rightmove reveals that a greater proportion of properties coming into the rental market from the sales market have an EPC rating of C or higher, as landlords invest in higher EPC rated homes: The proportion of properties entering the rental market with an EPC rating of A to C that were…
Read MoreNew Best Price Guide launches for all Rightmove agents
Rightmove has launched its brand new and improved Best Price Guide, to make building reports easier and quicker for agents and to support better conversations with potential vendors to help win more instructions. The Best Price Guide is the most popular report with agents and was used over 17 million times last year. …
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