Finance
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.
Interest rates may be topping out but ‘two-thirds of Britain’s mortgage-rising pain is still to come’
Think tank warns that higher interest rates have yet to affect the majority of mortgaged households, and this year will be 'particularly bruising' for many homeowners.
Property industry reactions: Interest rates rise to 4.5%
The Bank of England's Monetary Policy Committee has raised the base rate of interest again, by 0.25% to 4.5%.
SPF plots international expansion drive
High-end mortgage brokerage significantly boosted its revenue and headcount in 2022.
Coutts opens mortgage range to intermediaries
HNW bank now offers finance for property purchases and remortgages via brokers.
Mortgage approvals saw ‘significant’ jump in March
The latest Bank of England mortgage statistics illustrate the property market's 'convincing rebound', says Knight Frank, while Savills suggests the March data 'reflects an increasingly stable and competitive…
Middle Eastern investment firm to build $2bn UK residential property portfolio
Rasmala plans to create a huge resi investment fund, focusing on build-to-rent and serviced apartments in and around London.