Latest mortgage news - Equity Release Mortgage


23 Jan 2018

Equity release homeowner demand hits an all time record of £3bn

Annual growth of equity release lending has reached a 15 year high as homeowners access wealth from their property.

21 Nov 2017

Over a third of parents unable to help children buy their first home

First time buyers are less likely to be supported by the Bank of Mum and Dad as a third of parents are unable to financially support their children.

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.

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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:
    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.

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