Latest mortgage news


25 Jul 2018

First time buyers pay 13 times their earnings to own London property

London house prices exceed first time buyer annual earnings by 13 times and is more than twice the multiple of the North East.

23 Jul 2018

Fee free mortgage numbers from lenders reach new highs

Residential mortgage numbers have reached a new high and of these 40% are offered without arrangement fees from lenders.

20 Jul 2018

Home mover numbers behind first time buyers for the first time

The number of home movers have dipped to under half of all house purchases and now behind first time buyers for the first time since 1995.

12 Jul 2018

First time buyer purchases rise strongly despite affordability limits

The number of first time buyers increased 20% for the month and up for the year even though higher house prices limit affordability.

02 Jul 2018

A fifth of home owners over 50 to use their property to fund retirement

There are some 3.9 million people across the country plan to release equity from their property to fund their lifestyle when they retire.

29 Jun 2018

House price gap between London and other cities is narrowing again

Regional cities have higher house price growth and narrowing the gap with London as the capital struggles to make progress.

27 Jun 2018

House price growth slows to a five year low in June, says Nationwide

Growth in house prices fell to its slowest pace with ongoing pressure on household budgets and subdued economic growth.

25 Jun 2018

Five year fixed rate mortgage deals more competitive from lenders

Lenders are eager to attract long term business with competitive five year fixed deal only slightly more expensive than shorter term rates.

23 Jun 2018

Living in seaside towns is good for your wealth and happiness

Desirable seaside towns on the South coast will cost you £627,000 but much less in the North of Britain and still rank highly on the happiness score.

14 Jun 2018

Remortgage buyers return by locking into attractive fixed-rate deals

The number of people remortgaging has increased by 36% for the year as homeowners lock into new competitive deals.

08 Jun 2018

Homes close to supermarkets can add £40,000 to house prices

Having a premium brand supermarket on your doorstep can add over £40,000 to the value of your home or twice that of budget stores.

23 May 2018

House price growth in Scotland is leading the country, says ONS

UK house prices in the country remains steady with the largest annual price growth recorded in Scotland rising 6.7% for the year.

23 May 2018

First time buyers in London pay twice as much to get on the property ladder

It cost double to purchase your home if you are a first time buyer in London compared to anywhere else in the country.

23 May 2018

Remortgaging rises as Londoners benefit from low rates to find best deals

The competitive marketplace and low interest rates is helping remortgage buyers in London find the best deals to keep repayment costs down.

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.

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  • 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.

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