Latest mortgage news


29 Oct 2018

Homeowners need £40k extra to live in English market towns

Living in a picturesque English market town costs homeowners £41,633 extra with the most expensive within the London commuter belt.

24 Oct 2018

Fixed mortgage rates increased from record lows over the year

Record low rates are a thing of the past as fixed mortgage deals increase in cost over the year despite competition from lenders.

20 Oct 2018

House prices are £500,000 less within a 60 minute commute to London

Homeowners living within 60 minute commuting distance by train to Central London pay nearly 60% less for an average property.

17 Oct 2018

House price for East Midlands has strongest growth across the country

East Midlands was the fastest growing region with house prices rising 6.5% for the year outpacing the rest of the country.

15 Oct 2018

Subdued house prices opportunity for first time buyer house hunters

House prices remain subdued creating an opportunity for first time buyer house hunters as home owners struggle to sell their home.

02 Oct 2018

London property values lower for the fifth consecutive quarter

Property values in London are lower for the fifth quarter with the North of England the worst performing region down over for the year.

27 Sep 2018

Most expensive streets in Britain with property prices of £35m

Britain’s most expensive properties are likely to be found in Kensington Palace Gardens averaging £35m to buy a home.

27 Sep 2018

First time buyers need 18% more income to own a home in UK cities

The earnings a first time buyers need to to get on the property ladder in a UK city has increased by £8,000 over the last three years.

24 Sep 2018

Equity release growth driven by greater product flexibility

Greater product flexibility is driving rapid growth in homeowner demand for equity release with 120% more lending in the last two years.

19 Sep 2018

Social housing gets £2bn cash to build new affordable homes

Prime Minister Theresa May has pledged £2bn of funding for social housing building tens of thousands of new homes.

12 Sep 2018

Remortgage buyers rise 23% to secure fixed deals before rate rise

The number of remortgage buyers locking into attractive deals has increased 23% ahead of the Bank of England rate rise.

05 Sep 2018

Help to Buy is a success by helping 170,000 home buyers

The government’s Help to Buy scheme is an unmitigated success by helping 170,000 home buyers to realise their dream property.

01 Sep 2018

House price growth is nearly twice as fast near top state schools

Homes near the UK’s top thirty schools have seen price growth at 35% nearly twice that of the national average over the last five years.

31 Aug 2018

Help to Buy demand rises 21pc while house price growth slows

There has been a fall in house prices for the month while demand for Help to Buy has increased by 21% over the year.

29 Aug 2018

London asking prices drop £19k in August brings down the whole market

Average house prices in London fall -3.1% in August as sellers try to secure quick sales dragging down the UK property market.

18 Aug 2018

Greater London house prices per square metre at eight year low

The price per square metre for London properties stalls and is the lowest in Great Britain stalling for the first time in eight years.

13 Aug 2018

Interest rate rise likely to increase mortgage costs for homeowners

The Bank of England has raised interest rates by 0.75% which increases the cost to homeowners with variable rate mortgages.

11 Aug 2018

London first time buyers need £115,000 deposit to buy their home

First time buyers must have a deposit of £115,000 to secure their first home as London house prices rise 48% in the last ten years.

03 Aug 2018

First time buyers save £284 million since stamp duty was abolished

Since stamp duty was abolished for first time buyers with homes valued under £300,000 total savings have amounted to £284 million.

30 Jul 2018

Young homebuyers should get loans for deposit to get on the property ladder

The government should give first time buyers loans for their deposit to buy their homes to create a culture of home ownership.

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.

    2024 © London City Mortgages.