Posts by Rightmove
Agents handling 25 rental enquiries for each property versus eight in 2019
Letting agents are currently managing 25 email and phone enquiries on average for every property they have to let across Great Britain, more than triple the eight on average they were receiving in 2019 In such a busy market, the new Lead to Keys suite helps to give agents some of their time back The…
Read MoreRightmove’s weekly mortgage tracker – 04/10/23
Rightmove’s mortgage expert Matt Smith says: “It’s now the tenth week that average rates of dropped, as the slow but steady downward trend of fixed-mortgage rates continues. As more lenders begin to offer sub-5% rates, this is likely to demonstrate increasing confidence that swap rates, the underlying costs of fixed rate mortgages, will remain stable…
Read MoreFixer uppers are most in-demand homes, with £29,000 lower price tag
A new study of over 600,000 available properties on Rightmove reveals that homes in need of renovation are the most in demand among buyers, and are 8%, or £29,000, cheaper than the average property up for sale On the flip side, those looking for a newly refurbished home are paying a premium of 19%, or…
Read MoreRightmove’s latest mortgage tracker – first lowest rates available lower than 5% since June
Today we have seen the lowest mortgage rate available within a Loan-To-Value (LTV) bracket dip below 5% for the first time since June (75% and 60% LTV 5-year fixed mortgage). Please see below the latest average and lowest mortgage rates today. Headline stats The lowest rate available for a 75% LTV 5-year fixed mortgage is…
Read MoreRightmove House Price Index – Subdued August as market looks for autumn pick-up
Average new seller asking prices increase marginally by 0.4% (+£1,386) this month to £366,281, lower than is usual for this time of year: As expected, the annual price change drops further to -0.4%, the biggest drop since March 2019 Subdued activity due to combination of interest rate rises and buyer and seller summer holiday distractions…
Read MoreRightmove launches new integrated creative campaign
Rightmove is launching an integrated creative campaign reaching 51 million people, to kick of its new brand communications and to capture the attention of would-be movers as we head into the Autumn home-moving season. The evolution of its brand communications aims to help agents by highlighting to people that by using Rightmove’s tools and…
Read MoreRightmove’s Weekly Mortgage Tracker 12/09/23
Rightmove’s mortgage expert Matt Smith says: “There’s a widely held view that the Base Rate is now nearing its peak which led to a fall in swap rates falling towards the end of last week, and this could mean we see lenders make more significant mortgage rate cuts in the next few weeks. Swap rates…
Read MoreRightmove’s weekly mortgage tracker 06/09/23
The average 5-year fixed mortgage rate is now 5.69%, up from 4.02% a year ago The average 2-year fixed mortgage rate is now 6.28%, up from 4.02% a year ago The average 85% LTV 5-year fixed mortgage rate is now 5.73%, up from 3.99% a year ago The average 60% LTV 5-year fixed mortgage rate…
Read MoreRightmove’s weekly mortgage tracker 31/08/23
The average 5-year fixed mortgage rate is now 5.72%, up from 3.91% a year ago, down from 5.79% last week The average 2-year fixed mortgage rate is now 6.32%, up from 3.87% a year ago, down from 6.40% last week The average 85% LTV 5-year fixed mortgage rate is now 5.77%, up from 3.88% a…
Read MoreRightmove’s Weekly Mortgage Tracker 22/08/23
The average 5-year fixed mortgage rate is now 5.79%, up from 3.89% a year ago, down from 5.86% last week The average 2-year fixed mortgage rate is now 6.40%, up from 3.77% a year ago, down from 6.46% last week The average 85% LTV 5-year fixed mortgage rate is now 5.82%, up from 3.87% a…
Read MoreRightmove House Price Index: 1.9% summer price drop as stretched affordability begins to improve
Average new seller asking prices fall by 1.9% (-£7,012) this month to £364,895, the biggest fall in August since 2018, as summer sellers tempt buyers preoccupied by holidays, inflation, and the highest Base Rate since 2008: These lower asking prices, combined with increasing average earnings and the apparent downward trend of mortgage rates are tentative…
Read MoreSt. George in Bristol is strongest sellers’ market with eight in ten homes sold
St. George in Bristol is named the strongest sellers’ market right now with eight in ten (80%) of homes listed for sale this year being marked Sold Subject to Contract (SSTC) Four of the top five strongest sellers markets are areas in Bristol, alongside Heaton in Newcastle (77%) The average asking price for a home…
Read MoreRightmove’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…
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