Posts by Rightmove
Rightmove’s weekly mortgage tracker 22/11/2023
Headline stats The average 5-year fixed mortgage rate is now 5.21%, down from 5.62% a year ago The average 2-year fixed mortgage rate is now 5.65%, down from 5.88% a year ago The average 85% LTV 5-year fixed mortgage rate is now 5.29%, down from 5.59% a year ago The average 60% LTV 5-year…
Read MoreRightmove stats and comment ahead of Autumn Statement
Stamp Duty The average stamp duty that a home-mover (not a first-time buyer) pays is currently £5,607 (based on the average asking price of £362,143) 29% of homes on the market are currently exempt from stamp duty for all home-movers (excluding second homes, anything £250,000 or below) 62% of homes on the market are…
Read MoreSub 5% rate now available in all LTV brackets except 95%
The average 5-year fixed mortgage rate is now 5.17%, down from 5.67% a year ago The average 2-year fixed mortgage rate is now 5.62%, down from 5.93% a year ago The average 85% LTV 5-year fixed mortgage rate is now 5.21%, down from 5.66% a year ago The average 60% LTV 5-year fixed mortgage rate…
Read MoreRightmove’s weekly mortgage tracker and comment on inflation and rates – 15/11/23
Matt Smith, Rightmove’s mortgage expert said: “Lenders have accelerated mortgage rate reductions over the last week and this morning’s positive inflation news will only fuel confidence amongst lenders further that they can continue to drop rates over the final weeks of this year, barring any last minute surprises. “With the markets anticipating that rates have…
Read MoreBetter-than-predicted year, as sellers price more competitively
Average new seller asking prices drop by 1.7% (-£6,088) this month to £362,143, as Christmas approaches and sellers continue to adopt more pricing realism to attract a buyer Though the transition from the frenzied pandemic market back towards more normal activity levels has been slow, key indicators point to a year that so far has…
Read MoreRightmove’s weekly mortgage tracker 9/11/23
Headline stats The average 5-year fixed mortgage rate is now 5.35%, down from 5.92% a year ago The average 2-year fixed mortgage rate is now 5.80%, down from 6.19% a year ago The average 85% LTV 5-year fixed mortgage rate is now 5.43%, down from 5.95% a year ago The average 60% LTV 5-year…
Read MoreSingle first-time buyers unable to afford 75% of homes using mortgage guarantee scheme
New analysis using the latest earnings data from ONS shows single first-time buyers on the average salary could not afford to use the government’s 95% mortgage guarantee scheme on three quarters of properties in the typical first-time buyer market In London, a single first-time buyer on an average London salary could afford only 2% of…
Read MoreLowest 85% mortgage rate drops below 5% for the first time since June
Headline stats The average 5-year fixed mortgage rate is now 5.36%, down from 5.97% a year ago The average 2-year fixed mortgage rate is now 5.81%, down from 6.22% a year ago The average 85% LTV 5-year fixed mortgage rate is now 5.44%, down from 6.00% a year ago The average 60% LTV 5-year…
Read MoreRightmove’s weekly mortgage tracker 01/11/23
Headline stats The average 5-year fixed mortgage rate is now 5.38%, down from 6.02% a year ago The average 2-year fixed mortgage rate is now 5.84%, down from 6.24% a year ago The average 85% LTV 5-year fixed mortgage rate is now 5.48%, down from 6.01% a year ago The average 60% LTV 5-year fixed…
Read MoreRightmove’s weekly mortgage tracker 25/10/23
Rightmove’s mortgage expert Matt Smith says: “Last week’s inflation numbers have not had any material impact on rates, and they’ve continued to slowly creep downwards. It could be just a matter of days before we start seeing sub 5% rates in the higher Loan-To-Value (LTV) brackets, which would be a first since June and could…
Read MoreRightmove to host webinars with Google and the Bank of England
The latest guests to join Rightmove’s Autumn webinar schedule include a Generative AI expert from Google (today), and representatives from the Bank of England (Tuesday 7th November). Generative AI: agents’ questions answered – Today (Tuesday 24th October), 10am Generative AI expert Michelle Liu will be taking part in a live Q&A for agents. …
Read MoreRightmove’s weekly mortgage tracker 18/10/23
Headline stats The average 5-year fixed mortgage rate is now 5.42%, down from 6.08% a year ago The average 2-year fixed mortgage rate is now 5.88%, down from 6.32% a year ago The average 85% LTV 5-year fixed mortgage rate is now 5.49%, down from 6.15% a year ago The average 60% LTV 5-year fixed…
Read MoreRightmove House Price Index: Lowest October asking price increase since 2008
Average new seller asking prices increase by 0.5% (+£1,950) this month to £368,231, the smallest average asking price increase at this time of year since 2008, and well below the historic norm in October of 1.4% The number of sales agreed are 17% below this time last year, as those sellers who are struggling to…
Read MoreNo. 13 valued lowest of 100 door numbers and £5,000 lower than average
Rightmove today (Friday the 13th) reveals that houses numbered unlucky 13 have the lowest average property value out of analysis of over 10 million properties numbered from one to 100 The highest valued house is number one, with a valuation of £393,690, versus £354,793 for number 13, a difference of 11% Houses numbered 13 are…
Read MoreAverage 2-year fixed rates drop below 6% for first time since June: Rightmove’s weekly mortgage tracker
Rightmove’s mortgage expert Matt Smith says: “The average two-year fixed mortgage rate is now below 6% for the first time since June, which while still very high compared to the ultra-low levels of recent years, is further evidence of the positive downward trend of fixed rates. Average rates continue to fall across all Loan-To-Value (LTV)…
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