Finance
High-end mortgage broker boosted by ‘resilient’ super-prime property markets
Enness Global reports finance applications reached £5.3bn in H1, as average property values topped £20mn.
CHAPS outage hits property deals
A 'global payments issue' delayed many high value and time-sensitive payments, including some house purchases, but has now been fixed.
30% jump in Suspicious Activity reported by estate agents
'While SARs submissions from estate agents have grown, so have the risks posed by fraud and money laundering, warns Thirdfort.'
CapitalRise taps into ‘high demand’ for bridging loans in PCL
Firm secures new £30mn funding line as appetite for short-term finance grows.
Boutique developer secures £48mn loan for mixed-use Queensway scheme
OakNorth backs Vabel's 'most prestigious multi-unit prime central London scheme to date' as neighbourhood's £3bn transformation gathers pace.
Mortgage lending drops, but remains higher than last year
Slightly fewer new mortgages were approved in May than in April, but substantially more than at the same time last year.
Enness Global bolsters Scottish presence
High-value international mortgage broker adds senior role in Edinburgh.
GB Bank moves into Mayfair with heavyweight backing
'Strategic expansion' sees property finance firm launch in London, following investment from Sameer Gehlaut's Hera Holdings.
Property Industry Reactions: BoE holds interest rates at 5.25% again
'No great surprise,' say property market pundits, as the Bank Rate is maintained at a 16-year high for a seventh time.
Maslow backs resi transformation of ‘iconic’ north London police station
Developer secures £13mn finance package to unlock 29-unit scheme in Crouch End.
D-Day for the central banks? Ollie Marshall on why economic policy needs a new strategy
Can the conventional weaponry rolled out by central banks ever be as effective as it was in yesteryear, asks top buying agent.
Mortgage approvals are up 26% on the year
Mortgage approvals for house purchases are now 'back to 94% of their pre-pandemic level,' notes Savills, despite fresh Bank of England showing a slight month-on-month dip.