Rightmove says it has delivered a 150% increase in mortgage leads for lenders and brokers over the past year.

In a trading update, the property website posted revenue of around £390m for the four months to the end of October.

The update says: “Our strategic growth areas of mortgages, commercial property, and rental services continue to perform in line with our expectations.  

“Within Mortgages, we have delivered >150% more leads to our lender and broker partners year-on-year, and 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 keep tabs on the estimated value of up to 10 properties.

If property owners choose to share their mortgage information, they will then have access to remortgage calculators and the option to contact Rightmove’s broker partners, generating leads for those advisers. 

Chief executive Johan Svanstrom says “This has been another period of strong progress for Rightmove, and it’s pleasing to see our product development and sales delivery generating increased uptake from consumers and partners.  

“As a result, we remain confident in achieving meaningful strategic and financial growth in 2024.  “We see continued momentum building product depth across our platform – driving revenue growth in the core business and within our strategic growth areas.”