Data from the CML shows the number of loans to homebuyers is 8% lower for October indicating a slowdown in the UK market.
Research from the CML shows the number of London home buyers has increased since the Brexit vote with affordability remaining unchanged.
The cost of a mortgage as a proportion of household income has reached an historic low although there is no increase in house purchase activity.
The Treasury is to give the Bank of England powers to limit lending to the growing buy-to-let mortgage market to protect the financial system.
The latest index from the Nationwide shows no change in house prices as demand remains subdued as a home purchase is less affordable.
The government has closed the Help to Buy mortgage guarantee scheme that has helped 86,341 first timer buyers on to the housing market.
Mortgage age limits for older borrowers increase from age 75 and over due to changing demographics and people working longer.
Data from the CML has revealed older borrowers have higher levels of equity to debt with repayment rather than interest only mortgages.
One in six families have been offered a smaller mortgage from a lender due to their childcare costs adding to parents stress and anxiety.
Growing competition from lenders has seen more flexibility and choice for consumers and lower interest rates, says Moneyfacts.
Lending to first time buyers and home movers decreased in July and recovered in August despite fear of a crash after the Referendum.
Data from the Council of Mortgage Lending show first time buyers are driving the market with lending up 25% to £5.5 billion over a year.
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.