Finance
Big-bucks mortgages spread beyond London heartland
Savills analysis reveals an 18% rise in £500k-plus lending outside Southern England since 2021, despite a 36% jump in borrowing costs.
Investigation links £2.2bn of UK new-build property with ‘suspicious’ wealth
Transparency International points fingers at developers and conveyancers; calls for an expansion of AML requirements.
Battersea Power Station secures £280mn refinancing for next phase
Malaysian-backed developer lands fresh finance facility as work begins on Gehry-designed homes and plans progress for the remaining 16 acres.
Chancellor ‘rules out’ lowering mansion tax threshold to £1.5mn
John Healey reportedly rows back on cutting the HVCTS entry point in this month's Budget, following backlash from London MPs.
Property finance advisor reports 80% transaction jump
Three-year-old firm arranged £254mn of new lending in H1.
Industry Reactions: Mortgage approvals drop to lowest level since 2023
Fresh Bank of England data suggests home-buying activity is slow and slowing.
Industry Panel: How 15 prime resi leaders would redesign England’s property tax system
Exclusive PrimeResi survey finds most respondents favour shifting the tax burden away from transactions and towards property ownership - but opinion is split over abolishing SDLT altogether.
MPs call for Stamp Duty ‘loophole’ to be closed after blockbuster Chelsea mansion deal
Investigation finds five modest flats were included in the reported Providence House sale, with tax experts putting the resulting SDLT difference at around £18.5mn.
Buy-to-let beats stock market over 30 years – but times have changed
It's been 30 years since the first BTL mortgage launched; Hamptons describes the product as 'one of the largest wealth-creation engines of modern British history'.
Big-ticket mortgages rise as wealthy buyers turn to debt
More than £3bn was advanced through regulated £5mn-plus mortgages in the year to March, with London accounting for nearly nine in ten deals.
Property Industry Reactions: Interest rates held at 3.75% for sixth time
But the Bank of England has warned rising inflation means a rate hike is getting more likely.
Premier League arrival lines up £5.2mn mortgage ahead of UK move
90% LTV facility structured for international player buying a £5.8mn home before his new six-year contract kicks off.