|No.||Can you apply for shared ownership?
|1||You are a first time buyer or if you use to own a home you would qualify if you now can’t afford to buy.|
|2||You have household income of £60,000 a year or less.|
|3||If you live in London this is £71,000 a year or less for a 1 or 2 bedroom property or £85,000 a year or less if you live in London and want to buy a 3 bedroom property.|
|4||If you have a long-term disability under the government’s Home Ownership for People with Long-Term Disabilities (HOLD).|
|5||You are aged 55 or over.|
|6||If you rent a council or housing association property.|
These are examples of mortgage products we can approach with many more offering interest rates and flexibility to meet your needs.
Research for Mayor of London Sadiq Khan shows first time buyers in the capital are losing out to overseas investors acquiring property.
The rise in property values for the East of England are leading the market with new-build homes seeing a 32% price increase in the last year.
The lowest ever ten year fixed rate mortgage deal at 2.39% is launched by the Coventry Building Society after EU referendum.
The rate house prices are rising has slowed ahead of the EU Referendum with greater uncertainty expected from the Brexit vote.
There has been a 20% fall in demand for new-build homes and interest in the London housing market due to the EU Referendum.
Uncertainty created with Brexit could see house prices fall by 5% and decreasing swap rates may produce better mortgage deals.
Homeowners borrowed £8.2 billion for the month to April 2016 down £5.4 billion or 40% after a significant rise in mortgage activity last month.
The court of appeal rules against West Bromwich for raising tracker mortgage interest rates, in favour of the buy-to-let landlord customers.
Homeowners borrowed £13.8 billion in March an increase of £5.1 billion and the highest monthly amount since August 2007.
UK house price growth was only 0.2% during the month of April with lower annual returns suggest a slowdown in the property market.
George Osborne has warned mortgage rates would increase if the UK leaves the European Union increasing the cost to homeowners.
The surge in buy-to-let investors ahead of the stamp duty tax has helped to increase mortgage lending to a new high in February.
New stamp duty tax from April has seen a surge of buy-to-let landlords with the increase demand increasing the price of homes.
The Bank of England are unlikely to raise interest rates this year due to market forces sending mortgage rates for borrowers to record lows.
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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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