Posts by Rightmove
Rightmove’s weekly mortgage tracker 14th August 2024
The lowest available 5-year fixed rate mortgage is now 3.83% (for 60% LTV), which is the lowest a five-year fixed rate has been since before the mini-Budget in September 2022. Headlines The average 5-year fixed mortgage rate is now 4.80%, down from 5.82% a year ago The average 2-year fixed mortgage rate is now 5.18%,…
Read MoreDownsizing could unlock half a million in cash for empty nesters
Homeowners of five-bed houses who own outright could downsize to a three-bed home, and make an average of £498,687 in cash before moving costs London sees the highest potential average cash return when downsizing, where movers could pocket £1,062,087 when moving from a five-bed to a three-bed house on average Movers in the North East…
Read MoreRightmove to sponsor prime-time ITV show The Voice UK
Rightmove, the UK’s largest property website, has today announced its headline sponsorship of ITV’s popular family entertainment show, The Voice UK. The sponsorship comes at the beginning of the busy Autumn selling season, with the new series of The Voice UK coming soon. The ITV programme is one of the most-loved family entertainment shows on…
Read MoreRightmove’s weekly mortgage tracker 7th August 2024
The lowest available 5-year fixed rate mortgage has dropped below 4.0% for the first time since February. The lowest 60% Loan-To-Value, 5-year fixed-rate mortgage rate is now 3.95%. Headlines The average 5-year fixed mortgage rate is now 4.86%, down from 5.99% a year ago The average 2-year fixed mortgage rate is now 5.24%, down from 6.49% a year ago The average 85% LTV…
Read MoreSandbanks is the most expensive coastal area
Rightmove analysis shows that Sandbanks in Poole, Dorset is the most expensive coastal area in Great Britain, with an average asking price of £1,582,331 Canford Cliffs in Poole is second, with an average asking price of £1,242,181 and Milford-on-Sea in Hampshire is third (£751,442) Saltcoats in Ayrshire, Scotland is the cheapest coastal area with an…
Read MoreRightmove’s weekly mortgage tracker 31st July 2024
Matt Smith, Rightmove’s mortgage expert said: “All eyes are on tomorrow’s Bank of England decision where many are hoping for a first cut to the Base Rate for four years. The markets are currently favouring the likelihood of a cut, but as we’ve seen in recent weeks, this can change and I think it could…
Read MoreRightmove asks government to consider retaining first-time buyer stamp duty threshold
New analysis shows only 37% of homes for sale will be eligible for first-time buyer stamp duty relief in England come next April, down from 58% of homes that are currently eligible Currently, a first-time buyer pays no stamp duty on properties up to £425,000, but this is due to drop back to £300,000 from…
Read MoreRightmove’s weekly mortgage tracker 24th July 2024
Matt Smith, Rightmove’s mortgage expert said: “We’ve seen average mortgage rates drop at a pace not seen for a while this week, faster than many expected as lender competition hots up. The first sub 4% rate for those with larger deposits and prepared to pay a higher fee is the headline-grabber, but we’ve also seen…
Read MoreRightmove: Rents hit new record, as average property receives 17 enquiries
Average advertised rents outside of London rise to a new quarterly record of £1,314 per calendar month (pcm), now 7% higher than last year (£1,231 pcm) London rents have also risen to a new record of £2,661, now 4% higher than last year (£2,567 pcm), with rent growth steadily slowing since the peak of 16%…
Read MoreRightmove reaction to the latest inflation figures
Matt Smith, Rightmove’s mortgage expert said: “As we get closer to the likely Base Rate cut, stability in the economy is exactly what we need to keep plans on course. Although there is debate around the timing of the first Base Rate cut due to concerns around service inflation, it is looking increasingly likely that it…
Read MoreRightmove House Price Index 15th July 2024
Political certainty and potential rate drop bode well for Autumn market Average new seller asking prices drop by 0.4% (-£1,617) this month to £373,493, a bigger July drop than usual, as new sellers try to cut through the distractions of the General Election, sporting events and summer holiday season with a tempting price Market activity…
Read MoreRightmove’s weekly mortgage tracker 11th July 2024
Headlines The average 5-year fixed mortgage rate is now 4.97%, down from 5.91 % a year ago The average 2-year fixed mortgage rate is now 5.35%, down from 6.42% a year ago The average 85% LTV 5-year fixed mortgage rate is now 4.97%, down from 5.90% a year ago The average 60% LTV 5-year…
Read MoreRightmove comment on Labour election win
Commenting on the election result, Tim Bannister, Rightmove’s property expert said: “The certainty of having the next government in place will be good for the market, and we wait to see the housing policies that are prioritised. We can see in our data that in previous election years, there has been a slight bounce in home-mover…
Read MoreAverage 5-year fixed mortgage rate dips below 5%: Rightmove’s weekly mortgage tracker
This week, the average five-year fixed mortgage rate dips below 5% for the first time since the beginning of May. Headlines The average 5-year fixed mortgage rate is now 4.99%, down from 5.68 % a year ago The average 2-year fixed mortgage rate is now 5.37%, down from 6.17% a year ago The average 85%…
Read MoreRecord rents as 120,000 rental homes needed for normal price growth
Average advertised rents have reached another new record of £1,316 per calendar month outside of London, and despite the pace of rent growth easing, are now 7% higher than last year In London, average rents are now £2,652 per calendar month Rightmove’s analysis shows that approximately 120,000 more rental properties are needed on the…
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