Bridging loan activity bounces back
Short-term property lending has increased, while the traditional mortgage market has slumped in the face of rising interest rates.
Bridging loan activity surges 68% amidst mortgage market uncertainty
Increase in short-term property lending has been driven by demand from residential homeowners.
Mortgage borrowing continues to slide
Fresh data from UK Finance and the Bank of England shows a sharp decline in property lending.
Mortgage approvals have fallen by 26% in the last year
Mortgage lending has dropped to the lowest level on record, if the period since the onset of the Covid-19 pandemic is excluded.
Most read
Luxury property agency targets global UHNWIs with new ‘billionaires’ division’
Elite arm of UK Sotheby's International Realty will offer super-rich clients access to off-market trophy homes, fine art, jewellery & classic cars.
Sale agreed on Spink-designed super-home in Kensington
11,000 sq ft contemporary mansion was guided at £27.5mn and attracted competitive interest.
Major estate agency group reportedly hits the market
Lloyds Bank-backed Lomond Group could be valued at 'well over £100mn'.
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.
Boutique Knightsbridge agency acquires longstanding Chelsea firm
NVP has added lettings & management company HLR to its stable & is on the lookout for further acquisitions.
In Pictures: High-profile Belgravia mansion hits the market at £23.5mn
Storied Lyall Street residence is 'one of the finest houses in the district', say agents.
Côte d’Azur landmark emerges as £300mn luxury resi scheme
London-based developer Caudwell is transforming a famous former Art Deco hotel into 39 ultra-luxe residences.
Ranked: Countries & cities by billionaire population in 2024
Huron's latest Rich List points to a decline in China's wealth, with New York and London emerging as the world's top billionaire cities.
US super-broker reveals secrets of his success
'I just announced it on a Monday and I let everybody ask. How do I buy it?' Ryan Serhant explains how he pulled off the record-breaking launch of Mercedes Benz Places in Miami.
Watch: The official trailer for ‘Buying London’
Will you be tuning in on May 22nd?
LATEST ARTICLES
Property industry reactions: Bank Rate held at 5.25% for a sixth time
The latest inflation figures are 'encouraging,' says the Bank of England, 'but we are not yet at the point of cutting interest rates.'
Knight Frank names new Heads of London Prime & Super Prime Sales
PCL promotions for Stuart Bailey & Charles Olver.
Boutique Knightsbridge agency acquires longstanding Chelsea firm
NVP has added lettings & management company HLR to its stable & is on the lookout for further acquisitions.
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.
Buyer demand ‘mellows’ while property listings rise – RICS
'There is still a strong perception that activity in the market will pick up in the latter part of the year and into 2025, irrespective of any political uncertainty around the general election,' says the…