News by date - Sep 2019
Homeowners releasing equity from their homes increases by a third
A third more homeowners in the first half of 2019 used a lifetime mortgage to release equity from their home than two years ago.
Guarantors help First time buyers to secure low mortgage rates
Lenders are willing to offer competitive mortgage rates to first time buyers with small deposits if they can secure a guarantor.
Lower London house prices help speed up time to secure a buyer
House prices coming to the market in London have reduced by more than £13,000 this month helping to move property more quickly.
First time buyer deposits rise to the highest level in a decade
Deposits for first time buyers to purchase their first home have increased by 52% over the past decade according to the Halifax.
First time buyers outside capital select houses rather than flats
Outside the capital first time buyers taking their first step on the property ladder opt for houses rather than flats, says Zoopla.
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.
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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.