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.
There are some 3.9 million people across the country plan to release equity from their property to fund their lifestyle when they retire.
Regional cities have higher house price growth and narrowing the gap with London as the capital struggles to make progress.
Growth in house prices fell to its slowest pace with ongoing pressure on household budgets and subdued economic growth.
Lenders are eager to attract long term business with competitive five year fixed deal only slightly more expensive than shorter term rates.
Desirable seaside towns on the South coast will cost you £627,000 but much less in the North of Britain and still rank highly on the happiness score.
Having a premium brand supermarket on your doorstep can add over £40,000 to the value of your home or twice that of budget stores.
UK house prices in the country remains steady with the largest annual price growth recorded in Scotland rising 6.7% for the year.
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.