Finance
Mortgage lending dips but approvals rise
The property market is "rife with nerves", says Knight Frank Finance after looking at the latest BoE mortgage numbers.
A fifth of property sellers miss new CGT payment deadline
A Freedom of Information Request by the Financial Times has revealed a big problem with the new Capital Gains Tax timeframe...
More home-buyers are turning to short-term lending to beat competition
Bridging lending activity has risen sharply, as investors and home-buyers turn to short-term lending solutions to secure a property in a competitive market.
Bank of England bumps interest rates up 0.5% to 1.75%; warns of a recession by the end of the year
Today's rate rise is the biggest increase in 27 years, and comes as the BoE warns that the UK will be in a long recession by the end of this year.
Mortgage approvals drop as higher interest rates start to bite
The number of home-buyer mortgage approvals has fallen below the pre-pandemic average, according to the Bank of England. “Higher interest rates are starting to bite," says Savills.
Six ways to improve housing taxation around the world
“There is significant scope for countries to improve the design and functioning of housing taxes,” declares the OECD, as it advises high-income economies including the UK to cut residential transaction…
BoE Governor warns of bigger interest rate jump next month
"There are no ifs or buts in our commitment to the 2% inflation target,” said Andrew Bailey, as he confirmed a 0.5% base rate hike is "on the table" for August.
Sancus appoints Group Property Director
Guernsey and London-based property finance firm makes another senior hire.
Boutique lender ‘saves’ Knightsbridge scheme with £19mn refi deal
A speedy turnaround was required after development costs spiralled.
CapitalRise backs new luxury resi projects in Belgravia & Surrey
Prime property finance firm funds transformation of ‘outstanding’ Grade II listed property near The Berkeley, and ‘one of the most impressive development opportunities in Surrey in the last decade’…
Mortgage lending rises back above pre-pandemic levels
Net borrowing of mortgage debt by individuals increased to £7.4bn in May from £4.2bn in April, according to the Bank of England's Money & Credit data. This is above the pre-pandemic average of £4.
Government moots multi-generational mortgages
50-year mortgage terms could allow inherited debt and prop-up house price inflation.