Posts by Rightmove
Rightmove’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)…
Read MoreAgents 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…
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