Commuter towns with good transport links and under 40 minutes from major cities have faster house price growth than the UK average.
The spa town of Cheltenham leads the table with 13% annual house price growth almost five times higher than the rest of the country.
Six streets in London with average house price of over £10 million make the capital the most expensive in England and Wales.
Homeowners selling their home can expect less cash than the asking price as the gap between asked and sold prices increases.
The number of remortgage buyers and value of borrowing have reached record levels helped by record low interest rates.
For several boroughs in London house prices are rising although the capital as a whole is struggling to keep pace.
Homeowners struggle to move due to a lack of suitable housing at affordable prices and are opting to improve instead.
The low mortgage rates, high employment and a shortage of homes are helping to keep house prices at their current levels.
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.
9th Floor, 30 Crown Place
London, EC2A 4EB
0800 955 0058
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.