Latest mortgage news - House Prices
House price rise exceeds inflation according to ONS
The Office for national Statistics (ONS) latest statistics shows that house prices are rising faster than inflation.
House prices rise at fastest rate from Halifax survey
The Halifax house price index increase of 4.6% is the fastest rise in the last three years.
Homes in Salcombe are the most expensive seaside places to buy
The town of Salcombe in Devon is the most expensive place to buy a seaside home costing an average of over £1.2 million.
Demand from buyers returns despite higher mortgage rates
Buyer demand is down only -11% compared to 2019 and recovered from the September mini budget even though mortgage rates are higher.
York had the strongest house price rise of 23pc in 2022
Last year the highest house price rise was for the city of York increasing 23% and adding almost £70,000 in value for the average home.
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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.