Finance
HM Treasury seeks views on AML compliance reform
Four options to reform AML provision have been proposed by the government.
Currency Matters: Inflation cools, but is it really the beginning of the end?
David Huggett explains what the latest economic movements mean for international investors eying UK assets.
Development lender boosts credit team with two new hires
Precede Capital has originated and arranged almost £1.7bn in real estate loans since launching in March 2021.
‘Holiday homes loophole’ to cost councils £170mn this year
'The problem is not second homeowners, it is politicians failing to understand the issues and having the courage to do something about it,' says top property agency.
Lendinvest secures £500mn mortgage backing
Tech-led lender has bagged more investment 'to support the scaling of BTL and residential mortgage products'
Mortgage approvals ticked up slightly in May – BoE data
'Not as bad as some we may have feared,' says North London estate agent Jeremy Leaf - but Savills warns that June's lending statistics 'will be more telling given the timeline of turbulence in the mortgage…
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.