Finance
Boutique lender to deploy £100m as demand for private credit ‘skyrockets’
Deal with private family office gives Ed Matthews' Mera IM the firepower to become 'one of the UK’s leading providers of real estate finance'.
Family Fortunes: Have we reached peak property inheritance?
With recent data revealing that over 50s now hold nearly 80% of all of the UK’s privately held housing wealth, Gemma Mallett runs through the oft-misunderstood rules surrounding gifts of properties.
Industry Reactions: Bank of England raises base interest rate to 5%
'If we don't raise rates now, it could be worse later,' explains Bank of England chief, as interest rates climb to a 15-year high.
OnTheMarket launches financial services division
'The launch of OnTheMarket Money is another key step in our evolution towards becoming a ‘one stop shop’ technology company that provides services for agents and consumers, across the entire property…
Mortgage lending tumbled by 16% in Q1
'Lenders are all doing less business than they would like to be, and have shown willingness to absorb some volatility in order to remain competitive,' says Knight Frank Finance after checking the latest…
Major lender pauses mortgage deals for new customers
HSBC has pulled home-buying products after a surge of enquiries as borrowers look to beat another interest rate hike.
Wealth managers are ‘politically biased, ethically compromising & failing clients’, argue industry insiders
'It is clear that the private wealth industry has to change and to modernise in order to meet the expectations of its own staff and clients, as well as those of society more broadly,' concludes the Progressive…
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.
CapitalRise backs new Octagon mansion project in Surrey
£5mn loan will fund the development of a 13,000 sq ft dwelling on the exclusive Wentworth Estate.
Currency Matters: It’s not all about the rate of exchange
David Huggett runs through the most important considerations when dealing with buyers & sellers who are moving money internationally.
Bridging loan activity surges 68% amidst mortgage market uncertainty
Increase in short-term property lending has been driven by demand from residential homeowners.
Developer secures £7.4mn to build two new luxury homes on ‘exceptional’ Marlow site
Two significant new detached houses are to built on a 15 acre site in a Buckinghamshire Area of Outstanding Natural Beauty.