Latest mortgage news - News
Help to Buy scheme for equity loans hits record numbers for June
The government’s Help to Buy scheme has hit record levels in June for the equity loan part with 4,745 completions.
London among UK major cities with strong house price growth this year
Data from Hometrack show the top 20 UK cities with strong house price rise this year exceeding the national average.
Property sales fall by 15% over the year as house prices rise, says Land Registry
The Land Registry report shows the number of sales in England & Wales has reduced by 15% while house prices have continued to increase.
Remortgage buyers secure fixed rate loans ahead of rise in interest rates
The number of remortgage buyers increased by 30% in June as homeowners change to cheap fixed rate loans before interest rates rise.
UK mortgage lending reaches highest levels in seven years, says CML
The Council of Mortgage lenders has reported mortgage loans for house buyers reached £22 billion in July, a new post-crash record.
First time buyers boost mortgage lending in June with 24% more buyers
Mortgage lending by value to first time buyers increased 24% over the month following a poor first half of the year, says CML.
UK house prices increase in July as stamp duty changes take effect
The pace of house price inflation picked up last month and is starting to match earnings growth according to the mortgage lender Nationwide.
Mortgage lending reaches a new high as the housing market picks up pace
Figures from the Council of Mortgage Lenders show mortgage lending has recovered since the election and reached a seven year high.
House prices reach a new high due to shortage of new homes
A new report from the Halifax shows average house prices are now over £200,000 pushed higher with a housing supply shortage.
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.
Homeowners are clearing mortgages in record time due to low interest rates
The Bank of England report shows homeowners are encouraged by the low interest rates to repay mortgages to lenders.
Annual house prices rise at slowest rate for two years
Latest figures from the Nationwide show house price growth is at a two year low bringing average prices to £195,055.
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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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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.