Record low rates are a thing of the past as fixed mortgage deals increase in cost over the year despite competition from lenders.
Homes near the UK’s top thirty schools have seen price growth at 35% nearly twice that of the national average over the last five years.
The Bank of England has raised interest rates by 0.75% which increases the cost to homeowners with variable rate mortgages.
The number of home movers have dipped to under half of all house purchases and now behind first time buyers for the first time since 1995.
The average price for a flat has increased by £75,074 in just five years and rising faster than any other property type in the country.
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.