Finance

The latest Bank of England data shows a sharp drop in mortgage lending and mortgage approvals in the aftermath of the short-lived mini-Budget.

Prime property markets are relatively insulated from mortgage rate hikes, says Knight Frank - but transaction numbers are still likely to drop-off in the coming years as the wider housing market cools

CapitalRise has agreed a big finance package to create a new super-prime mansion in Virginia Water.

Financial markets are currently forecasting interest rates of around 4

The UK's base rate of interest has jumped by 0.75% in the biggest single rise since the 1980s.

A pudding entrepreneur has landed a significant Stamp Duty bill after a 'misguided' attempt at a refund based on mixed-use rather than residential rates for a country home

Property lender pursues its 'aggressive growth strategy' with another top-table change.

Birchwood Real Estate Capital was set up earlier this year by former Blackstone, L&G and Delancey exec Lorna Brown, with backing from WR Berkley.

Wales is cutting the Land Transaction Tax for lower-value homes, while raising rates for properties above £345k (the top c.15% of the market).

Virgin Money, Halifax and the Skipton Building Society are amongst those to have pulled mortgage products.

A surprisingly mixed set of responses from the property sector, featuring insights from Savills, Knight Frank, Rightmove, Maskells, Cluttons, Jackson-Stops, JLL, Winkworth, Carter Jonas, Chestertons, …

Since 2008, renovations and alterations to residential properties that have been empty for at least two years are eligible for a reduced VAT rate of 5%, writes Nick Cunningham of Stacks Property Search.