Finance
Tories float September Stamp Duty cut
The Chancellor is considering raising the SDLT threshold to £300k, according to newspaper reports.
Mayfair mews project secures £6.5mn loan
Developer plans a 'transformative' redevelopment of the house on Mount Row, funded by a big-ticket loan from CapitalRise.
Labour pledges to close Tory non-dom ‘loopholes’ amidst wider tax avoidance crackdown
Chancellor-in-waiting Rachel Reeves has vowed to 'take on the tax dodgers because if you make your home and do your business in Britain, then you should pay your taxes here too.'
Sentiment improves as interest rates appear to be on the way down
Mike Boles, head of Private Office at SPF, discusses the outlook for interest rates and mortgage pricing as inflation falls.
Property industry reactions: Mortgage approvals climb for fifth month
'The recovery in housing market activity is taking hold despite an uncertain start to the year for mortgage rates,' comments Simon Gammon, Managing Partner at Knight Frank Finance.
CapitalRise closes £4.9mn loan in Chelsea
Prime property finance firm completes speedy turnaround to fund acquisition & development of a property on Cadogan Street.
Grosvenor unveils ‘significant expansion’ of residential lending operation
Property firm allocates £900mn to resi debt as it continues to diversify.
Property industry reactions: BoE holds interest rates at 5.25% for fifth time
'Monetary policy will need to remain restrictive for sufficiently long to return inflation to the 2% target sustainably,' says the Monetary Policy Committee, but many prime resi pundits expect interest…
CapitalRise boosts funding facility by 50%
Prime property finance firm is 'diversifying and deepening its capital sources' in order 'to support even more high-quality property development projects across Prime London, the Home Counties and beyond
Coutts boosts lending ratio ‘to support clients as they reach the highest rungs of the super-prime property ladder’
Specifically targeting Prime Central London, the lender wants to help HNWIs 'take advantage of a recent uptick in listings of super prime properties for sale'.
PCL agency heralds ‘new era’ with big-ticket Bitcoin deal in Knightsbridge
'It's not just a transaction; it's a revolution,' says Knightsbridge Prime Property, after completing a £45k pw rental deal with cryptocurrency.
‘One of the finest houses in Marylebone’ bought with £17.2mn loan
A 'hugely influential figure in the fashion industry' has bagged a £30mn home with private access to Regent's Park.