Latest mortgage news


14 May 2021

Value of homes sold doubles as demand reaches new highs

The value of homes transacted has doubled compared to last year as demand for property hits new highs while supply is restricted.

10 May 2021

Equity release products rise by over 100 with more competition

The competitive equity release market has seen over 100 products on the market as providers launch new features to attract customers.

23 Apr 2021

Asking prices for properties on the market reach record high

New properties on the market hit record asking prices up 2.1% this month as demand drives sales to the fastest ever pace.

16 Apr 2021

Equity released from homes falls due to pandemic lockdown

The pandemic lockdown restricts the amount of equity released from properties in 2020 even though interest rates fall to record lows.

06 Apr 2021

Top ten locations where homes are selling the fastest

The average time it takes to sell a home has reduced to 44 days thanks to high demand and much faster for the top ten locations.

16 Mar 2021

Buyer demand reaches record high driving up property values

Excess demand over supply is the greatest for a decade and 34% higher than last year sending house prices even higher.

09 Mar 2021

New 5pc deposit mortgage scheme backed by the government

The government's new 5% deposit mortgage scheme aims to help any home buyer that is struggling to get on the property ladder.

05 Mar 2021

First time buyer comeback after covid reduces low deposit mortgages

First time buyers with small deposits are returning to the market as lenders bring back high loan to value mortgages since the pandemic.

26 Feb 2021

Stamp duty holiday extension likely as 100,000 buyers will miss deadline

About 100,000 buyers already agreed to complete will miss the stamp duty holiday deadline leading many to expect an extension.

08 Feb 2021

First time buyers are not deterred by rising house prices

Transactions bounced back strongly for first time buyers in the second half of 2020 despite a 10.0% rise in house prices.

04 Feb 2021

Stronger demand from buyers sends house prices higher

Rapid start to the year as buyer demand increases 13% across all regions and new house prices highs despite the third lockdown.

29 Jan 2021

Recovery for equity release with low cost mortgages and pent-up demand

Pent-up demand for equity release and falling interest rates has seen a recovery in plans taken out after slowdown during the first lockdown.

14 Jan 2021

Islington is revealed as the house price growth winner for 2020

Research from Halifax reveals the UK house price growth winners in 2020 is Islington in London with values 13.4% up last year.

12 Jan 2021

First time buyer have more choice as mortgage deals double

The number of 10% deposit mortgage deals almost double as lenders offer first time buyers more choice to get on the property ladder.

04 Jan 2021

Wealthy home movers boost value of agreed sales by 26pc for 2020

Strong demand from affluent home movers has boosted the total value of sales agreed by 26% in 2020 compared to the previous year.

28 Dec 2020

Stamp duty holiday extension not being considered by government

The government is not considering a stamp duty holiday extension after calls for more time following the latest Coronavirus Tier 4 rules.

14 Dec 2020

Asking prices for property expected to rise 4pc in 2021

Rightmove has forecast average asking prices rising 4% across the UK in 2021 as people place housing ahead of economic uncertainty.

04 Dec 2020

Fewer homeowners think their property has increased in value for November

For the month of November a survey from Halifax showed 14% of households believe the value of their homes has increased.

01 Dec 2020

Slowing demand for housing remains third higher than a year ago

Demand for housing is a third higher than a year ago although it has been slowing since the start of the stamp duty holiday.

20 Nov 2020

Top 20 fastest selling locations when buying UK properties

It helps sellers and buyers if properties can sell fast and here are the results from Zoopla of the top 20 fastest selling UK homes.

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.

    2021 © London City Mortgages.
    Website designed & developed by Spyre Media