Nanocomposites based on the general formula ((1–x) CFO + (x) LCFO) were successfully synthesized using citrate-nitrate autocombustion technique. Properties of the nanocomposites were characterized by X-ray diffraction and transmission electron microscope. Magnetic properties revealed a colossal compositional change in the coercivity for the nanocomposites despite its small value for the two parents. The saturation magnetization and remanence magnetization were found to decrease linearly with the antiferromagnetic phase (AFM) content rose. The dielectric constant was found to increase with increasing (AFM) content. Potential applications of the nanocomposites in magnetic random access memories (MRAMS) and spintronics are recommended.