Two and five year fixed mortgage rates have reduced to historic lows giving you the chance to save money by switching to a preferential rate.
The cost of fixed rate mortgages for borrowers has reduced but Coronavirus fears have seen lenders withdraw many products.
Mortgage buyers continue to benefit from very low interest rates while savers are facing difficulty in finding a good level of interest.
Warnings from the Bank of England has seen fixed rate mortgages remaining stable despite recent falls on the money markets.
Record low rates are a thing of the past as fixed mortgage deals increase in cost over the year despite competition from lenders.
The Bank of England has raised interest rates by 0.75% which increases the cost to homeowners with variable rate mortgages.
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.
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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.