Latest mortgage news - Equity Release Mortgage


18 Sep 2017

Equity release homeowner demand soars unlocking £1.4 billion from property

The amount of wealth accessed by homeowners in 2017 by using equity release has increased 55% over the year helped by more products.

15 May 2017

Equity release from property used for future retirement income

Housing wealth in England of £1.8 trillion can be accessed with equity release and used by an aging population to fund retirement.

27 Mar 2017

Equity release record levels as people unlock value from their homes

Amounts of equity released from homes reached £1.24 billion in the second half of 2016 a record level of wealth that continues to growth.

28 Oct 2016

Lenders increase upper age limits for older mortgage borrowers

Mortgage age limits for older borrowers increase from age 75 and over due to changing demographics and people working longer.

27 Oct 2016

Older borrowers remain asset-rich with lower mortgage debt

Data from the CML has revealed older borrowers have higher levels of equity to debt with repayment rather than interest only mortgages.

27 Sep 2016

Equity release buyers have more choice and lower interest rates

Growing competition from lenders has seen more flexibility and choice for consumers and lower interest rates, says Moneyfacts.

17 Aug 2016

Equity release lending to buyers exceeds £0.5 billion for first time

Homeowners have used equity release to withdraw a record £8.2 million of housing wealth per day or £0.5 billion each quarter.

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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:
Bury House, 31 Bury Street,
London, EC3A 5AR

Phone:
020 8801 5856

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.

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