Finance
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 £4.3bn
Government moots multi-generational mortgages
50-year mortgage terms could allow inherited debt and prop-up house price inflation.
£770mn finance deal puts R&F back on track in Nine Elms
London's £1bn One Nine Elms development is now scheduled to complete by the end of 2023, following a huge funding deal with a consortium of lenders.
Major developer launches ‘Central London’s first property tokenisation project’
"Knight Dragon has just revolutionised the entire European property market and will now move to do so internationally," declares founder Sammy Lee, as the developer looks to blockchain tech to boost investment…
BoE drops mortgage affordability test
"Removing the current stress testing could mitigate some of the impact of higher interest rates," suggests Savills, and is "not as reckless as it may sound".
Alexander Hall chief steps down
Dom Scott is handing over the leadership of Foxtons Plc's mortgage broking business to Tom Davies next month.
BoE bumps base rate up to 1.25%
Britain's central bank hikes interest rates again in a bid to curb inflation.
In Pictures: Famous Notting Hill terrace transformed into seven luxury apartments & boutique shops
The Victorian parade on Westbourne Park Road featured in Richard Curtis' 1999 romcom Notting Hill.
‘Aggressive growth strategy’ sees Sancus add another new recruit
Property bridging and development lender Sancus is in the midst an "aggressive growth strategy".
BoE raises interest rates to a 13-year high
The Bank of England expects interest rates to climb to around 2.5% by mid-2023.