Latest mortgage news - Buy-to-let
Mortgage lending is lower than expected in February ahead of the general election
The Council of Mortgage Lending report shows house purchases have declined 16%, a greater amount than expected due to the election.
Buy-to-let landlords have large deposits as first time buyers struggle to compete
Deposits from buy-to-let landlords have increased by 15% to an average £100,000 compared to struggling first time buyers.
Mortgage lending declines in January says CML
According to the Council for Mortgage Lending (CML) gross mortgage lending decreased by 14% in January to £14.3 billion.
Buy-to-let mortgages to landlords soar 26% higher as rates at record lows
Data from the CML shows lending to buy-to-let landlords has increased by 26% in the last quarter of 2014 compared to the previous year.
Home repossessions and mortgage arrears at lowest level since 2006
The Council of Mortgage Lenders (CML) have released data showing the number of homeowners losing their house is down 26% in the last year.
House prices bounce back for the first time in six months, says Halifax
Over the three months to January house prices were 1.9% higher than the previous period across the UK despite uncertainty over the election.
Mortgage lending reaches a six-year high but numbers are slowing
Data from the Council of Mortgage Lending shows mortgage lending has reached a six-year high although lending has now slowed.
Stamp duty reform to benefit homebuyers but London homes are the hardest hit
The Council for Mortgage Lending (CML) has released new figures showing mortgage lending has reduced over the last four months.
Buy-to-let landlords to own £1 trillion of property value by 2015
A report by lender Kent Reliance shows the value of buy-to-let property owned by landlords is at £930.7 billion increasing 13.3% in the last year.
Mortgage lending limits begin as first time buyers offered discount new build homes
The Bank of England to cool home loan market by limiting the number of people borrowing four and a half times their income.
Mortgage lenders warn homeowners of higher costs with interest rate rise
The Council of Mortgage Lenders has warned of an interest rate rise from the Bank of England is more likely increasing costs to homeowners.
Interest rates must rise as homebuyer confidence reaches a low
The Governor of the Bank of England, Mark Carney, says interest rates must rise to avoid a housing bubble developing.
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.