Posts by Rightmove
Rightmove 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. …
Read MoreThe 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…
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