Posts by Rightmove
Rightmove House Price Index: New record asking price with resilient activity despite stamp duty increase
The average price of property coming to market for sale rises by 1.4% (+£5,312) this month to a new record of £377,182. This is a larger-than-usual April price increase, despite a decade-high number of homes for sale for the time of year A snapshot of the post-stamp-duty-increase market suggests movers are carrying on and have…
Read MoreCOVID five years on: City and coastal trends reverse as homes by the sea take longer to sell
Rightmove’s new report looks at how the market has changed five years on from the pandemic starting Many city and coastal trends have now reversed, with homes near the sea taking three weeks longer to sell compared to 2020, and the majority of buyers in the capital looking to stay rather than leave London A…
Read MoreRightmove comment on mortgage market and mortgage rates update
Matt Smith, Rightmove’s mortgage expert says: “As stamp duty deadline day arrives, average mortgage rates have remained steady since last week’s Spring Budget and unexpected drop in inflation rate. The lowest available mortgage rate is still a 2-year fixed deal at 3.86%, for those with the largest deposits, as the short-term outlook for rates remains…
Read MoreRightmove – Latest Mortgage Rates
Rightmove’s Weekly Mortgage Tracker Lowest rates for 2-year and 5-year fixed-rate mortgages Term Lowest rate Weekly change Yearly change 2-year fixed 3.86% +0.00% -0.60% 5-year fixed 3.96% +0.00% -0.17% Average fixed-term mortgage rates for home-buyers with 5-10% deposits Loan to Value (LTV) Term Avg rate 20 Mar 2025 Avg rate 27 Mar 2025 Weekly Change…
Read MoreRightmove – Cheapest mortgage rate is now a 2-year fixed
The lowest available mortgage rate is now a 2-year fixed rate, for those with a 40% deposit. Commenting more widely on mortgage trends, Matt Smith, Rightmove’s mortgage expert says: “Average mortgage rates at the top-end of the market have fallen more quickly than for those with the smallest deposits over the past year. Someone with a…
Read MoreRightmove House Price Index: Decade-high choice to benefit Spring buyers who miss stamp duty deadline
The average price of property coming to market for sale rises by 1.1% (+£3,876) this month to £371,870, in line with the long-term March average increase, as many new sellers price sensibly amid decade-high competition to sell: While new Spring buyers will not beat this month’s stamp duty deadline, they will benefit from the…
Read MoreSearches surge for Moclín in Spain due to Amanda and Alan’s Spanish Job
Searches for Moclín, an area in the province of Granada in Spain, have surged due to the programme Amanda & Alan’s Spanish Job, hosted by Amanda Holden & Alan Carr The increase from 104 searches at this time in 2024, to more than 85,000 in 2025, equates to a more than 800 times surge in searches It is…
Read MoreRightmove market commentary + weekly mortgage rates tracker 07/03/25
Rightmove’s mortgage expert Matt Smith says: “The mortgage market is still quite sensitive to outside noise, and despite the volume turning up recently from across the Atlantic, we’re seeing lenders continue to be as competitive as they can be as the Spring market begins. As the stamp duty deadline edges nearer, we expect a rush to…
Read MoreKilmarnock named cheapest area for a first home
Average first-time buyer monthly mortgage payment still £350 more than five years ago, as Kilmarnock named cheapest area for a first home The latest data from Rightmove’s weekly mortgage tracker shows that the average first-time buyer mortgage payment is still £350 more each month, or 59% higher, than five years ago despite market improvements A…
Read MoreRightmove commentary on mortgage market + weekly tracker
Commenting on the mortgage market, Rightmove’s expert Matt Smith said: “The market has settled after the unexpectedly high inflation figure. Average mortgage rates on many products have trickled downwards, and we’ve even seen the return of some eye-grabbing sub-4% mortgage rates for those with the biggest deposits. It shows that mortgage lenders are still keen to…
Read More25,000 first-time buyers set to miss stamp duty deadline and complete in April
Over 25,000 first-time buyers in England who are currently going through the process of legally completing on a property purchase are predicted to miss the stamp duty deadline on March 31st, and complete in April Nearly 74,000 movers in England in total are set to miss the deadline and complete in April, with a collective…
Read MoreRightmove House Price Index: Price growth slows as stamp duty deadline looms, but activity remains robust
The average price of property coming to market for sale rises by 0.5% (+£1,805) this month to £367,994, a muted price rise for this time of year as new sellers lower price expectations, due to the looming stamp duty deadline and high competition: The number of available homes for sale is at a 10-year high,…
Read MoreRightmove Weekly Mortgage Rates – 14/02/25
Rightmove’s mortgage expert Matt Smith says: “It’s another week of average rate drops, and the response from the market since the Bank Rate cut has been positive. We hope to now see a sustained period of mortgage rates trickling downwards to lead us through the Spring selling season.” On the first sub-4% mortgage rate Matt says: “The…
Read MoreCould you fall in love with a home without seeing it? 1 in 5 Brits think they could
As the new season of Love Is Blind hits Netflix this Valentine’s Day, it seems that some Brits are taking the concept of love, (sight unseen) to a whole new level, when it comes to finding their dream home. New research from Rightmove, the UK’s largest property website, reveals that one in five Brits admit…
Read MoreRightmove’s weekly mortgage tracker – 05/02/25
Average rates for 2-year and 5-year fixed-rate mortgages Term Average rate Weekly change Yearly change 2-year fixed 4.98% -0.04% +0.01% 5-year fixed 4.78% -0.03% +0.14% These rates are provided by Podium and are an average based on 95% of the mortgage market. All rates are based on products with a circa £999 fee. Lowest rates…
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