Posts by Rightmove
The cheapest seaside locations to enjoy the longest day of the year
New Rightmove analysis reveals the latest trends by the coast, as homeowners and renters near seaside areas prepare to enjoy the longest day of the year: Saltcoats in Ayrshire is the cheapest seaside location, with an average asking price of £113,395, less than a third of the Great Britain average of £372,812 Skegness in Lincolnshire…
Read MoreRightmove’s Weekly Mortgage Tracker – 20/06/23
Rightmove’s mortgage expert Matt Smith says: “Average rates continue to rise this week, and though they are now rising at a slower pace than last week, this is likely to come as little respite for those looking to take out a mortgage right now. Those who managed to secure a lower rate just weeks ago…
Read MoreRightmove House Price Index: Rate Rises Quash Spring Price Bounce But Activity Holds Up
Average new seller asking prices fall by £82 (-0.0%) this month to £372,812, the first monthly drop in asking prices this year and the first drop seen in the month of June since 2017: The delayed spring bounce in May has quickly turned into an earlier than usual summer price slowdown Asking prices set to…
Read MoreRightmove Weekly Mortgage Tracker – 13/06/23
Rightmove’s mortgage expert Matt Smith says: “As expected we’ve seen another significant increase in average rates across all Loan-To-Value ranges. The jump in average rates is actually smaller than last week, however lender behaviour and the uncertainty surrounding the market at the moment suggests they will increase again, the extent of which hangs on the…
Read MoreRightmove’s Weekly Mortgage Tracker 06/06/23
Rightmove’s mortgage expert Matt Smith says: “We’re now seeing the full impact of the recent inflation numbers coming through, with rates increasing by an average of 0.39% across all LTVs and those with a 10% or 15% deposit hardest hit by these latest rate changes. This is a much higher increase than we’ve seen in…
Read MoreBradford is the cheapest city for a first time buyer
A new first-time buyer study from Rightmove reveals that Bradford is the cheapest city to be a first-time buyer, with the average monthly mortgage payment on a first-time buyer type property now £521 per month Outside of London, St Albans is the most expensive city to be a first-time buyer, followed by Bath & Cambridge…
Read MoreUnderstanding the Renters’ Reform Bill with David Cox
Rightmove is hosting a webinar on Wednesday 31st May with David Cox, where David will take agents through the Renter’s Reform Bill. Rightmove’s Legal & Compliance Director will help to explain how the new legislation will affect agents and their landlords. Agents can submit questions in advance for David to answer during the…
Read MoreRightmove Mortgage Rate Data
Rightmove’s mortgage expert Matt Smith says: “It’s early days, but we’ve seen the first major lender significantly increase rates and it’s likely that we’ll see other lenders follow suit, though the full impact may take a few weeks to filter through. An increase in fixed-rates was likely to happen following the news earlier in the…
Read MoreTenant demand rises for stations further along Elizabeth Line
New analysis from Rightmove reveals the trends around Elizabeth Line stations one year on from it opening The biggest increase in demand from renters is near stations furthest out, including Reading (+32%), Brentwood (+26%) and Shenfield (+25%) This compares to a slight easing of tenant demand in London by 2% versus last year A bigger…
Read MoreRightmove launches summer campaign
Rightmove, the UK’s biggest property website, has launched a multi-channel advertising campaign that will reach potential home-movers across ITV, ITVX, SKY, Channel 4 and YouTube this summer. Rightmove’s ‘This Is it’ advert will be played across key programmes including the remaining Premier League football fixtures, Gogglebox and Love Island, reaching a variety of potential…
Read MoreRightmove Weekly Mortgage Tracker 16/05/23
Rightmove’s mortgage expert Matt Smith says: “We’ve seen average rates edge up across most two-year and five-year Loan-To-Value (LTV) mortgages after the Bank of England’s decision to increase the Base Rate last week, but more importantly, as a result of its forecast that inflation may not come down as quickly as originally hoped. This has…
Read MoreA spotlight on Liverpool: Formby is the most searched for location
All eyes are on Liverpool this week as it hosts the Eurovision Song Contest and new analysis from the UK’s biggest property website Rightmove reveals the latest trends in the city and its surrounding areas Formby is the most searched for location around the Liverpool area, followed by Crosby & Maghull The average asking price…
Read MoreRightmove weekly mortgage tracker 11/05/23
Rightmove’s mortgage expert Matt Smith says: “Average mortgage rates have continued to rise over the last week ahead of the expected increase in the Bank of England Base Rate tomorrow, as the underlying costs of fixed rate mortgages factor in a potential rise. However, rates across all Loan-To-Value ranges (LTV) have only increased by an…
Read MoreNew first-time buyers pay £200 more than last year
First-time buyers with a 15% deposit now pay £1,056 per month compared with £865 last year, due to higher mortgage rates and a new record asking price: However, this is significantly lower than the average of £1,218 per month in October The average rate for a five-year fixed, 85% Loan-To-Value (LTV) mortgage is now 4.44%,…
Read MoreFalkirk is home to Britain’s fastest selling market
New analysis reveals that Falkirk in Stirlingshire is Britain’s quickest selling market, with Broxburn in West Lothian second and Renfrew in Renfrewshire in third It’s taking longer to find the right buyer in areas near the coast compared with a year ago, while it is homes in city commuter belts that are finding a buyer…
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