News by date - Apr 2020
Demand for homes falls 70pc as housing market is suspended
The government has effectively suspended the housing market with the lockdown to control the spread of the Coronavirus pandemic.
Equity release rates fall to record lows during Covid-19 crisis
Interest rates for equity release products drop to record lows as uncertainty continues over the Coronavirus economic impact.
Mortgage payment holidays given to 1.2 million homeowners
Lenders have agreed to give 1.2 million homeowners impacted by the Coronavirus crisis a mortgage payment holiday.
Fixed rate mortgage costs are lower as lenders withdraw products
The cost of fixed rate mortgages for borrowers has reduced but Coronavirus fears have seen lenders withdraw many products.
CATEGORIES
Equity Release may involve a Lifetime Mortgage or a Home Reversion Scheme. To understand the features and risks, please ask for a personalised illustration. Equity Release may affect your entitlement to means tested state benefits and will impact on the size of your estate. For Equity Release London City Mortgages charge a fixed fee upon completion of £695. For Mortgages a fixed fee is charged on application. Typically this is from £295 up to £495 for the services selected.
Equity Release - Equity Released from your home will be secured against it. Mortgages – Your home may be repossessed if you do not keep up repayments on your mortgage or other loans secured against it. Think carefully before securing other debts against your home. The information contained in this website is subject to the UK regulatory regime and is therefore intended for consumers based in the UK.
CONTACT
Address:
9th Floor, 30 Crown Place
London, EC2A 4EB
Phone:
0800 955 0058
Email:
info@londoncitymortgages.co.uk
London City Mortgages Limited is a registered company in England & Wales under company number 09278987. London City Mortgages Limited is an Appointed Representative (FCA no. 655965) of Blackstone Moregate Limited (FCA no. 459051) which is authorised and regulated by the Financial Conduct Authority. LCM and LCM Equity Release are trading names of London City Mortgages Limited.