90% of HNWIs face mortgage rejection, claims lender
'Both high-earning professionals and successful entrepreneurs will often struggle to secure the mortgages they want from conventional mainstream lenders due to the complexity of their incomes,' says Investec.
Major lender pauses mortgage deals for new customers
HSBC has pulled home-buying products after a surge of enquiries as borrowers look to beat another interest rate hike.
By PrimeResi
‘Proud to pay more’: Most HNWIs want higher wealth taxes, say millionaires
'The true measure of a society can be found, not just in how it treats its most vulnerable, but in what it asks of its wealthiest members,' say Patriotic Millionaires Marlene Engelhorn and Stefanie Bremer
By PrimeResi
Mortgage lending to fall in 2024, predicts UK Finance
'We expect lending to remain weak in 2024, with a gradual improvement in affordability reflected in a modest increase in activity levels in 2025,' says banking industry trade body.
By PrimeResi
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Knight Frank names new Heads of London Prime & Super Prime Sales
PCL promotions for Stuart Bailey & Charles Olver.
By PrimeResi
First Look: Reuben Brothers reveals luxury apartment scheme at £1bn Piccadilly Estate project
Boutique AHMM-designed development is delivering nearly 30 new residences as part of a huge transformation underway in London's most prestigious district.
Boutique Knightsbridge agency acquires longstanding Chelsea firm
NVP has added lettings & management company HLR to its stable & is on the lookout for further acquisitions.
JLL opens new west London office
Firm responds to 'growing demand' for its services in & around Kew, Chiswick, Brentford & Acton.
In Pictures: Pawson-designed ‘masterpiece’ up for sale in Mayfair
Minimalist 1987 creation was designed by the acclaimed architect for the renowned art collector Doris Lockhart Saatchi.
BNP Paribas looks to sell Strutt & Parker – report
Reports suggest the French banking group 'has begun sounding out buyers' for the 130-year-old UK estate agency.
By PrimeResi
Fast-growing luxury agency recruits two new lettings directors
United Kingdom Sotheby’s International Realty continues expansion, bringing in PCL specialists Minnie Stainrod & Olivia McSweeney.
London Square picks up prime Vauxhall development site
Resi developer continues its acquisition spree in central London.
By PrimeResi
Law firm toasts super-prime success at Chelsea Barracks
Global firm has advised on over £140mn of sales at the top-end resi project in recent months.
City law firm names new Head of Residential Property
Super-prime specialist Parveen Abbas has stepped up to lead the 257-year-old practice's resi real estate division.
By PrimeResi
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CBRE upgrades UK house price forecast to positive territory
Major agency now expecting growth of 1% in 2024 in anticipation of 'modest' second-half recovery; London to outperform over the next five years with growth of 18.6%.
‘Iconic’ freehold block hits the market in Belgravia
'Exceptionally rare' proposition on Eaton Place is expected to attract global interest.
Savills trading ‘comfortably ahead’ of last year
Most prime resi markets have remained resilient, reports global real estate firm.
Luxury design firm targets ‘next gen wealth’ with new sister-brand
New offering from Taylor Howes is aimed at developers & private clients seeking a 'quick turnaround and affordability'.
‘The industry wants regulation & consumers need it’, Propertymark policy chief tells MPs
Trade body estimates that failed transactions cost consumers around £260mn a year, while estate agents and conveyancers lose c.£1bn, and approximately 4 million working days annually.
By PrimeResi