Latest mortgage news


27 May 2022

Record rise in house prices now £55,000 up on pre-pandemic levels

In the UK asking house prices have risen to record levels and are £55,000 higher over the last two years before the pandemic started.

18 May 2022

House prices in London have gone up the most over 10 years

London house prices have increased the most over the last 10 years with a significant rise in equity for homeowners.

27 Apr 2022

Mortgage costs hit a five year high as central banks raise base rates

After the Bank of England raised base rates to 0.75% lenders have reacted by increasing the cost of mortgages reaching a five year high.

16 Apr 2022

House prices in seaside towns rise 8pc as demand remains strong

Homes on the coast attract a premium and house prices are up 8% on the previous year as buyers seek to improve their quality of life.

14 Mar 2022

15 million homes can benefit from energy efficiency upgrades

Detached homes face the biggest energy costs due to lack of efficiency and in need of upgrades as we face a rise in the fuel energy cap.

25 Feb 2022

Detached home values at £425,000 with higher demand

The average value of detached homes has increased at twice the rate of smaller properties to £425,000 with a surge in buyer demand.

02 Feb 2022

Demand for properties at record highs up 50pc in cities and suburbs

Strong bounce back in demand this year up 50% on usual levels as buyers search for more space in cities and suburbs as offices reopen.

25 Jan 2022

Record cash from equity release due to rising cost of living

Cash accessed using equity release increased 24% last year as homeowners benefit from rising property value to meet living costs.

07 Jan 2022

UK house price winner in 2021 revealed with 21pc rise in values

Towns with the highest house price growth in 2021 have seen values rise as much as 21.8%, three times higher than the national average.

22 Dec 2021

What it cost you to live on the most expensive UK streets

You need to pay almost £29 million to live on the UK’s most expensive street and all the top ten are located in London.

06 Dec 2021

House prices ease after rising 6.9pc in a year

Higher demand has seen house prices rising 6.9% in the last year following the Covid lockdown with prices starting to ease.

19 Nov 2021

House prices drop offering buyers a bargain before the Boxing Day

People are distracted with the festive period and lower house prices in the pre-Christmas lull offer buyers many property bargains.

05 Nov 2021

Strong house price growth for regional markets in 2022

Record sales of 1.5 million homes are expected for this year and the strongest house price growth in 2022 will continue in regional markets outside London.

08 Oct 2021

Demand for property remains strong sending house prices higher

After the end of tapered stamp duty demand for property is historically high with low supply pushing house pieces to new highs.

06 Oct 2021

Homebuyers pay £40,000 more to live in the most efficient properties

Energy prices are rising and people pay a ‘green premium’ of £40,000 to live in the most efficient properties rather than less sustainable homes.

15 Sep 2021

Suburb prices rise faster than cities as buyers search for space

Demand for more space is driving house prices higher in the suburbs as the pandemic changes the lifestyles of city homeowners.

14 Sep 2021

Standard Life to offer equity release product increases choice

Equity release buyers will benefit from more choice as Standard Life is to enter the market and increase competition.

10 Sep 2021

Mortgage rates reduce further for those with the most equity

Lenders reduce rates as low as 0.84% for home movers and remortgage buyers with the most equity with more competition.

26 Aug 2021

Premiums paid to live in market towns increases 8pc during lockdown

You pay a £36,116 premium to live in market towns during lockdown, up 8.4% for the year as people look to improve their lifestyle.

16 Aug 2021

Winchester is the least affordable UK city to live and work

Winchester replaces Oxford as the least affordable city to live and work with the highest average property prices now 14 times annual earnings.

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.

    2022 © London City Mortgages.