Posts by Rightmove
Rightmove’s weekly mortgage tracker – 25/09/24
The average 5-year fixed mortgage rate is now 4.58%, down from 5.53% a year ago The average 2-year fixed mortgage rate is now 4.93%, down from 6.07% a year ago The average 85% LTV 5-year fixed mortgage rate is now 4.61%, down from 5.60% a year ago The average 60% LTV 5-year fixed mortgage rate is now 3.87%, down from 5.15% a year ago The average monthly mortgage payment on a…
Read MoreWrexham is Britain’s busiest rental market with 54 enquiries per home
Rightmove’s Demand Tracker reveals that Wrexham is the busiest rental market, with letting agents receiving an average of 54 enquiries per available property: This compares to an average of 19 enquiries per rental property across Great Britain Glasgow (52 enquiries per property) is second and Bristol (51 enquiries per property) is third Average advertised rents…
Read MoreRightmove reacts to Bank of England rate hold
Reacting to today’s Bank Rate hold, Matt Smith, Rightmove’s mortgage expert said: “We’re still expecting two rate cuts before the end of the year, and home-movers should continue to see a downward trend in mortgage rates this side of Christmas. I think overall, there’s likely to be quite a moderate response from lenders in response…
Read MoreRightmove: St Albans named Great Britain’s most expensive city to rent
St Albans named Great Britain’s most expensive city to rent outside London New analysis reveals St Albans as the most expensive city to rent outside London, with average advertised rents of £2,307 per calendar month (pcm), 71% above the national average Oxford follows closely, with rents averaging £2,237 pcm, while Cambridge is third most…
Read MoreRightmove launches new Renovation Calculator
Rightmove has launched a unique new tool to help people explore the added value that existing, or planned renovation works might have on a property. The new Renovation Calculator is an enhancement to Rightmove’s Instant Online Valuation tool. Once people receive an instant online valuation of a property’s price, they now have the option to…
Read MoreRightmove House Price Index 16th September 2024
Autumn action starts early as movers spot window of opportunity Average new seller asking prices rise by 0.8% (+£2,974) this month to £370,759. September usually sees a monthly rise in prices, but this year’s increase is double the long-term average, with prices supported by increased activity levels The traditionally busier Autumn market appears to…
Read MoreSuperstitious Brits avoid moving house on Friday 13th
Rightmove today (13th September), reveals that people avoid moving on Friday the 13th, despite Friday usually being the busiest day of the week for people collecting the keys to their new home Analysis of data since 1995 reveals Friday the 13th is the quietest day for completions compared to any other Friday What’s more,…
Read MoreRightmove’s weekly mortgage tracker 12th September 2024
Headlines The average 5-year fixed mortgage rate is now 4.67%, down from 5.64% a year ago The average 2-year fixed mortgage rate is now 5.03%, down from 6.22% a year ago The average 85% LTV 5-year fixed mortgage rate is now 4.70%, down from 5.71% a year ago The average 60% LTV 5-year fixed…
Read MoreSurge in larger homes listed for sale as Autumn statement looms
New real-time analysis from Rightmove shows there has been a surge in larger properties being put up for sale in the last week The number of top-end homes coming to the market for sale – covering four-bedroom detached houses and all five bedroom or larger homes – is now 15% ahead of the same…
Read MoreRightmove agrees new partnership with Women in Estate Agency
Rightmove, the UK’s largest property website, today announces that it has agreed a new two-year partnership with the property network Women in Estate Agency (WIEA). WIEA is formed of a range of property industry professionals, both women and men, who give their time to drive change and equality for women across the estate agency sector.…
Read MoreRecord levels of former rental homes for sale
The proportion of former rental properties moving into the sales market is at its highest on record, indicating more landlords are selling up, some potentially driven by the mooted increase in Capital Gains Tax in the Autumn Statement on 30th October: 18% of properties now for sale were previously on the rental market, compared with…
Read MoreRightmove’s weekly mortgage tracker 4th September 2024
The lowest available 5-year fixed rate mortgage is now 3.77% (for 60% LTV), which is the lowest a five-year fixed rate has been since before the mini-Budget in September 2022. Other key points this week include the average 5-year fixed mortgage being a full 1.0% lower than last year, and the average 60% 5-year rate…
Read MoreFirst-time buyer mortgage payments nearly £150 lower than peak
The latest data from Rightmove’s weekly mortgage tracker highlights that the average first-time buyer monthly mortgage payment is nearly £150 lower than the peak in July 2023, as mortgage rates decrease: The average monthly mortgage payment for a typical first-time buyer is now £949, compared with £1,096 at the mortgage rate peak in July 2023…
Read MoreJeremy Clarkson’s pub brings spike in searches for Burford
New analysis shows that the opening of Jeremy Clarkson’s new pub ‘The Farmer’s Dog’ has brought a spike in searches for nearby Burford on Rightmove, as people are inspired to look at homes for sale nearby The 24th of August, the day after the pub’s opening, saw the highest number of searches for homes…
Read MoreRightmove launches autumn marketing campaign
The new national marketing campaign aims to capture the attention of home-movers considering their next move this autumn It follows on from the recent announcement of the brand’s sponsorship of The Voice UK and features new creative, showcasing the variety of homes available on the UK’s largest property portal Rightmove, the UK’s largest…
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