Latest mortgage news - Equity Release Mortgage


21 Jul 2021

Savings during lockdown release you from your mortgage early

UK savings reached £200bn during lockdown and overpayments could reduce interest costs and clear your mortgage years earlier.

25 Jun 2021

Seaside towns in Britain with house prices up 10pc due to strong demand

Demand for coastal living has seen house prices in Britain’s seaside towns rise 10% over the year as homeowners change their lifestyle.

10 May 2021

Equity release products rise by over 100 with more competition

The competitive equity release market has seen over 100 products on the market as providers launch new features to attract customers.

16 Apr 2021

Equity released from homes falls due to pandemic lockdown

The pandemic lockdown restricts the amount of equity released from properties in 2020 even though interest rates fall to record lows.

29 Jan 2021

Recovery for equity release with low cost mortgages and pent-up demand

Pent-up demand for equity release and falling interest rates has seen a recovery in plans taken out after slowdown during the first lockdown.

21 Apr 2020

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.

17 Mar 2020

Equity release to rescue homeowners with £18,000 income shortfall

Older homeowners are expecting an £18,000 shortfall for their retirement income with equity release offering untapped potential.

24 Feb 2020

Retirement interest only mortgages offer more choice to homeowners

Homeowners have access to double the number of retirement interest only mortgages as more providers offer products.

03 Jan 2020

First time buyers need help from family to raise deposit

Saving for getting on the property ladder is difficult as it takes up to 15 years in London to build up a 20% deposit without family help.

31 Dec 2019

House prices have tripled since the Millennium

The average house price has increased 207% in the UK since the start of the century outstripped by first time buyer homes rising 264%.

16 Oct 2019

Millions of Britons have no savings or property wealth for the future

A third of Britons do not save any money and the majority of property wealth is owned by older people near or at retirement.

23 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.

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  • IMPORTANT

    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.

  • WARNING

    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:
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    Phone:
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    Email:
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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.

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