Mortgage choice increases with 5,000 deals now available
The number of mortgage deals available has broken through the 5,000 barrier for the first time in more than a year. Key takeaways A total of 5,146 mortgage products are now available, the highest level since February 2022, according to financial information group Moneyfacts. The increase in choice is across all deposit levels, with nearly […]
Property sales rise as buyers regain confidence in the market
With steadying mortgage rates and 65% more homes for sale than this time last year, buyers are back in the market and agreeing 11% more sales than in 2019. Key takeaways Increasing sales volumes indicate recovering market health The housing market is continuing to see cautious improvements in conditions since the mini budget in October […]
The average home seller made £67,000 profit in 2022
97% of sellers made a profit from the sale of their property in 2022, with the average home earning £67,000. Key takeaways The Covid-19 pandemic triggered unprecedented demand for homes. As a result, the average value of all UK homes rose by £48 a day on average. Our analysis of property sales in 2022 reveals that the […]
How to put yourself ahead of other buyers
From getting your paperwork in order, to lining up your mortgage brokers and solicitors in advance, estate agents reveal how to ensure you have the best chance of securing that sale. In what’s set to be the busiest housing market year since 2007, with reduced housing stock available and the search for more space driving up […]
Shared Ownership: The Ultimate Guide to Financial Success and Why You Should Consider It
Shared Ownership is a government scheme that offers you the chance to buy a share of a property from a housing association, a non-profit-making body that provides homes. Because you only own a part of the property, you can buy it with a smaller deposit and mortgage. A smaller mortgage means smaller repayments but you’ll […]
Why are First-time buyers taking out longer mortgage terms?
Nearly four in 10 first-time buyers are taking out mortgages with a term of between 30 to 35 years, while 17% choose one that’s even longer. Key takeaways The number of mortgage searches done on behalf of first-time buyers jumped by more than a fifth during February and March. The uplift suggests first-time buyers are […]
What are the advantages of making mortgage overpayments?
To combat rising mortgage rates, homeowners have begun making record numbers of overpayments in a bid to reduce how much they owe. Key takeaways Homeowners overpaid their mortgages by a record £6.7 billion in the final three months of 2022. It marks the first time overpayments have exceeded £6 billion in one quarter since records […]
Why have house prices risen this month?
This is the busiest season of the year for the housing market. Home-hunters often wait until spring to start their search, and this is the time of year we start to see more properties listed for sale. Sellers tend to price their homes higher at this time of year because it’s a more competitive market […]
90% of home-hunters would consider buying a fixer-upper
New research by Rightmove has found that over 90% of home hunters would consider buying a property that needed renovating. To help those ready to start their next project, we asked two property experts with decades of experience in the housing industry to share their guidebooks for creating the perfect renovation home, and we’ve found some […]
Over a quarter of homes are listed for longer than 6 months
More than a quarter of properties currently up for sale on Rightmove have been listed for longer than six months, new research has shown. So far this year, 28% of available homes on the UK’s number one property portalhave been on the market for more than half a year. There are 8% of properties that have […]
