Record number of home valuation requests in January

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·         A record number of future sellers contacted an estate agent to get their home valued in January  ·         The number of people requesting a home valuation by an estate agent was 23% higher in January than the previous record of January 2023, and 27% higher than third place July 2020  ·         It’s been a…

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Rightmove reaction to Bank of England Base Rate hold

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Matt Smith, Rightmove’s mortgage expert said: “As painful as rate rises have been for many people, there are increasing signs that Base Rate rises are having a real impact on the economy, and inflation is heading in the right direction. Another hold in the Base Rate today also shows that the Bank will also be cautious…

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February revealed as the best month to list a home for sale

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February is the best month to list a home on average, with homes listed in the month typically finding a buyer the quickest, as well as being most likely to be marked sold subject to contract The data reveals that March is also historically a strong month for sellers to get their home on the…

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After a VAR check it appears one lender jumped the gun slightly with its rate cuts, needing a slight correction – Rightmove’s weekly mortgage tracker

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Matt Smith, Rightmove’s mortgage expert said: “Some conflicting rate trends reported this morning shows that lenders are treading a fine line between offering some of the most competitive rates in many months and being caught offside by swap rate changes. Lender margins remain tight, and indeed after a VAR check it appears one lender jumped the…

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2023 review: Sandbanks is price hotspot and renters leave the city

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Rightmove reveals the key trends that shaped the 2023 property market: Sandbanks in Dorset is 2023’s price hotspot, with agents reporting that popular areas with fewer homes for sale outperformed the wider market, while Rosyth in Dunfermline was the quickest market Renters look to the leave the city in search of more affordable and a…

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Mortgages: Lowest rates edge closer to sub 4%

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The average 5-year fixed mortgage rate is now 4.94%, down from 5.09% a year ago The average 2-year fixed mortgage rate is now 5.28%, down from 5.36% a year ago The average 85% LTV 5-year fixed mortgage rate is now 5.04%, down from 5.09% a year ago The average 60% LTV 5-year fixed mortgage rate…

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Rightmove experts share rental predictions for 2024

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New analysis from the UK’s biggest property website Rightmove looks at the most prominent trends expected in the rental market during 2024, with advertised rents predicted to be 5% higher by the end of 2024 outside of London, and 3% higher in London. Average advertised rents ended 2023 10% higher in the UK outside of…

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Mortgages: A belated Christmas present of lower rates for movers

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Matt Smith, Rightmove’s mortgage expert said: “It looks like lenders are likely to give early 2024 movers the belated Christmas present of lower mortgage rates. After the reduction in swap rates we saw before the holidays, this is now starting to filter through to mortgage rates now that the festivities are over and the working…

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Rightmove’s weekly mortgage tracker – 20/12/23

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Matt Smith, Rightmove’s mortgage expert said: “Yet another week – the 21st in a row – of marginal percentage point drops to mortgage rates is positive news for home-movers. Swap rates have also fallen further today following the early Christmas present of the lower-than-expected fall in inflation. The downward trajectory of swap rates has also…

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Rightmove to launch next phase of ‘believe it’ campaign from Boxing Day

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The next phase of Rightmove’s ‘believe it’ integrated campaign will begin from Boxing Day, to coincide with the post-Christmas and New Year upturn in home-moving activity. The multi-million pound, multi-channel campaign will continue throughout the first quarter of 2024, leading up to the spring selling season. In September Rightmove evolved its brand communications to highlight…

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Wrexham is 2023’s busiest rental market with 56 enquiries per property

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Wrexham in Wales is this year’s busiest rental location, with available rental properties in the area receiving 56 enquiries on average from prospective tenants in 2023, up from eight enquiries back in 2019 Redbridge in London is second on the list with an average of 49 enquiries per available rental property, and Tameside in Greater…

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