Rightmove says it has delivered a 150% increase in mortgage leads for lenders and brokers in the past year.
In a trading update, the property website reported turnover of around £390 million for the four months to the end of October.
The update reads: “Our strategic growth areas, mortgages, commercial real estate and rental services, continue to perform in line with our expectations.
“Within Mortgages we have delivered over 150% more leads to our lender and broker partners year on year, and we recently launched a remortgage product within Track a Property, supporting the introduction of further leads to our broker partners.”
The Track a Property feature allows homeowners to track the appraised value of up to 10 properties.
If property owners choose to share their mortgage information, they will have access to refinancing calculators and the ability to contact Rightmove’s broker partners, generating leads for those advisers.
CEO Johan Svanstrom said: “This has been another period of strong progress for Rightmove, and it is pleasing to see our product development and sales revenues driving greater consumer and partner adoption.
“As a result, we remain confident in delivering meaningful strategic and financial growth through 2024. “We see continued momentum to increase product depth across our platform – driving revenue growth across the core businesses and within our strategic growth areas. ”