Latest mortgage news - News

19 May 2018

Popularity of flats increase prices by £75,000 over the last five years

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.

05 May 2018

Number of house sales worth £1 million plus hits record high

Over the past decade the number of homes sold for more than a million pounds has increased by 73% even with depressed market demand.

04 May 2018

More help for mortgage prisoners to switch to best deals, says FCA

Thousands of mortgage prisoners caught paying high interest rates due to affordability rules could be given more help from lenders.

26 Apr 2018

69,000 first time buyers benefit from cut in stamp duty relief

New stamp duty relief introduced by the government has saved first time buyers £2,300 on average when buying their first home.

20 Apr 2018

Sellers of UK homes forced to reduce asking price by £25k

Homeowners desperate to sell their property are marking down the price by an average £24,947 from the original asking price.

18 Apr 2018

Equity release lending to home owners doubles to reach £870m

In the first quarter of 2018 housing wealth accessed using equity release has doubled in only two years with nearly £10 million a day.

18 Apr 2018

London house prices register first annual fall since 2009, says ONS

Official statistics confirms the first fall in London’s annual house price growth of -1.0% since September 2009, the lowest in the country.

14 Apr 2018

Property values are rising faster than earnings for one in five areas

Over the past two years house price growth has exceeded earnings for a fifth of homeowners by as much as £52,000 in some areas.

01 Apr 2018

House price growth remains subdued as London weakest with 1% fall

London is the worst performing region down 1% for the year while house price grow across the country is subdued.

26 Mar 2018

London house price growth is lowest for seven years, says Hometrack

Annual house price growth in London is only one percent with property values falling in 42% of postcodes in the capital.

20 Mar 2018

House prices in the North East down over 5% for the month, says ONS

Half of the regions in the country have posted falls in house prices for the month with the North East reducing -5.5% over the month.

19 Mar 2018

Home movers life on hold struggling to save for their dream home

Second time buyers find it more difficult to move home than a decade ago with higher deposits, moving costs and lack of suitable housing.

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    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.


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