Posts by Rightmove
Rightmove Happy at Home Index 2023: Richmond upon Thames named happiest place to live by residents
The borough of Richmond upon Thames in London has been crowned the happiest place to live in Great Britain, followed by Winchester in Hampshire: It’s the first time a London location has topped Rightmove’s Happy at Home Index, now in its 12th year Monmouth in Wales takes third place, the first time an area from…
Read MoreRightmove 2024 forecast: prices to drop by 1% as competition increases among sellers
Rightmove predicts that average new seller asking prices will be 1% lower nationally by the end of 2024, as the market continues its transition to more normal levels of activity following the frenetic post-pandemic period. Motivated sellers are likely to have to price more competitively to secure a buyer in 2024, and agents will work…
Read MoreRightmove’s weekly mortgage tracker – 29/11/2023
The average 5-year fixed mortgage rate is now 5.14%, down from 5.52% a year ago The average 2-year fixed mortgage rate is now 5.56%, down from 5.77% a year ago The average 85% LTV 5-year fixed mortgage rate is now 5.22%, down from 5.54% a year ago The average 60% LTV 5-year fixed mortgage rate…
Read MoreRightmove launches course for agents to help compliance with CPRs
Rightmove has launched a brand new course for estate and letting agents, to help them understand and remain compliant with the Consumer Protection from Unfair Trading Regulations (CPRs). The course has been created with National Trading Standards Estate and Lettings Agency Team (NTSELAT) to make sure agents have all the information they need to…
Read MoreRightmove’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
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 More