If you are single and looking to step on the property ladder the most affordable homes can be found in outer London boroughs.
City house prices have outpaced the country with Chichester recording a 62% rise in property values over the last five years.
London house prices to fall two percent during 2019 whereas half of regional cities recorded double digit growth post Brexit.
Asking prices from sellers in London have seen the largest fall with the average under £600,000 for the first time since 2015.
Property values in London continue to fall dragging down UK house prices to the lowest annual growth levels in five years.
Properties in the New Forest are the most expensive in national parks and more than double the cost of the county average.
Homes in Slough are three times more likely to benefit from modernising to add property value than anywhere else in Britain.
Impact of Brexit is not holding back regional cities benefiting from over 6% growth in house price and high level of market activity.
An uncertain economic outlook from Brexit and squeeze on household budgets sees house prices at slowest growth since May 2013.
Living in a picturesque English market town costs homeowners £41,633 extra with the most expensive within the London commuter belt.
Homeowners living within 60 minute commuting distance by train to Central London pay nearly 60% less for an average property.
East Midlands was the fastest growing region with house prices rising 6.5% for the year outpacing the rest of the country.
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.
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.