Latest mortgage news - Interest Only Mortgages


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.

27 Oct 2015

Interest only mortgages are making a return but only for the wealthy

As house prices rise Lenders have reintroduced interest only mortgages accessed only by wealthy homeowners with large amounts of equity.

29 Sep 2015

One million homeowners are unable to repay their interest only mortgages

Citizen Advice has warned that one million mortgage holders have no plan on how to repay and could face repossession.

25 Sep 2015

Buy-to-let boom is next threat to financial stability says Bank of England

UK buy-to-let landlords are at risk to booms and busts that could magnify a housing market crash the Financial Policy Committee warns.

06 Jul 2015

Virgin Money changes lending rules for buy-to-let mortgages

Buy-to-let landlords will be restricted to only four properties and a lower £2 million maximum portfolio size.

02 Jul 2015

Buy-to-let market may pose a threat to financial stability, says BoE

The booming buy-to-let market and ease investors can secure mortgage loans could undermine the UK economy when interest rates rise.

25 Apr 2015

Buy-to-let mortgage rates fall as pension freedoms drive rise in cheap deals

New pension freedoms have increased the number of buy-to-let mortgages reducing the cost with new cheap deals.

10 Nov 2014

Buy-to-let landlords to own £1 trillion of property value by 2015

A report by lender Kent Reliance shows the value of buy-to-let property owned by landlords is at £930.7 billion increasing 13.3% in the last year.

19 Aug 2013

Interest only mortgages making a comeback

A year after interest only mortgages were criticised by the regulator two banks are plan a comeback.

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.

    2019 © London City Mortgages.
    Website designed & developed by Spyre Media