Latest mortgage news - First Time Buyers


06 Mar 2015

Almost half of all first time buyers do not need help to raise funds for a deposit, says CML

Data from the CML shows that 52% of first time buyers received financial help from the ‘bank of mum and dad in 2014 to buy their first home.

06 Mar 2015

Help to Buy scheme should be replaced to give more choice to first time buyers

The government’s Help to Buy scheme finishes at the end of 2016 and should be replaced to ensure competition in the housing market.

04 Mar 2015

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.

04 Mar 2015

UK annual house price growth falls for the first time, says Nationwide

Annual house prices in the UK have slowed from 6.8% to 5.7% in February for the first time in five months decreasing by 0.1% during the month.

25 Feb 2015

Outright homeowners now exceed mortgage buyers for the first time

New data from the English Housing Survey shows the number of outright homeowners is greater than those buying with a mortgage.

20 Feb 2015

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.

16 Feb 2015

Fixed rate mortgages at new lows as lenders target borrowers with small deposits

With interest rates remaining low lenders are lowering fixed rate mortgages even for homebuyers with only small deposits.

14 Feb 2015

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.

06 Feb 2015

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.

30 Jan 2015

Mortgage approvals increase to help the property market recover

Bank of England data shows a rise in the number of mortgage approvals to 60,275 as lenders bring back low cost mortgages.

28 Jan 2015

Mortgages to first time buyers start to rise after a decade of decline

First time buyers have struggled to buy their first home with numbers declining for more than a decade according to the ONS.

24 Jan 2015

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.

Call for your free quote 0800 955 0058

  • 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.

    2024 © London City Mortgages.