CBI business leaders have urged the government to tackle the housing crisis to meet their target of a million new homes by 2020.
The government has closed the Help to Buy mortgage guarantee scheme that has helped 86,341 first timer buyers on to the housing market.
New research by the Resolution Foundation finds the average first time buyer takes 24 years to save enough deposit to buy their home.
Homebuyers in London are to benefit as the government improves Help to Buy and removes restrictions for Shared Ownership scheme.
People struggling to buy their first home are given a helping hand with the Help to Buy Isa free from tax and up to 4% interest.
Landlords of buy-to-let properties must pay much higher stamp duty land tax following the chancellor’s Autumn Statement.
Figures from the Council of Mortgage Lenders show mortgage lending has recovered since the election and reached a seven year high.
Login / Register
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.
Bury House, 31 Bury Street,
London, EC3A 5AR
020 8801 5856
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.