Building societies with no age limits |
|
---|---|
Bath | Buckinghamshire |
Cambridge | Holmesdale |
Loughborough | Monmouthshire |
National Counties | Saffron |
Lender |
Maximum lending age |
---|---|
Natinowide | 85 |
Marsden | 85 |
Leeds | 80 |
Furness | 80 |
Halifax | 80 |
Santander | 75 |
Virgin Money | 75 |
Lloyds | 75 |
Clydesdale | 75 |
RBS | 70 |
Barclays | 70 |
Agreed |
Main reason for equity release |
---|---|
63% | Home and garden improvements |
31% | Holiday of a lifetime |
30% | Pay off debts or personal loans |
23% | Help family members |
22% | Pay off interest only mortgages |
16% | Meet everyday expenses |
These are examples of equity release products we can approach with many more offering interest rates and flexibility to meet your needs.
2.75% Fixed Rate |
Interest Roll-Up |
25% Loan to Value |
£5 App Fee |
2.79% AER |
2.60% Fixed Rate |
Interest Roll-Up |
20% Loan to Value |
£629 App Fee |
2.63% AER |
2.75% Fixed Rate |
Interest Roll-Up |
20% Loan to Value |
£5 App Fee |
2.79% AER |
2.77% Fixed Rate |
Interest Roll-Up |
15% Loan to Value |
£895 App Fee |
2.81% AER |
The stamp duty holiday last year produced bumper demand from home movers now down a third but still above pre pandemic levels.
Asking house prices rise for the sixth record in a row to £369,968 as demand to buy continues although at a slowing rate.
A typical home is 7.1 times average earnings which have risen 2.7% compared to house prices up 16.8% since the start of the pandemic.
House prices in London are up only a third compared to other areas and you can find cheaper homes for commuting to the capital.
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.