Finance
£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.
Mortgage lending stays well-above pre-pandemic norms
The latest Bank of England data show a slight drop in mortgage approvals.
Contemporary country house development secures £3.9mn loan
Luxury property financier CapitalRise has stepped in to provide a development loan for a high-spec barn-style family home project in Hampshire's South Downs.
Mike Boles: Mortgage rates may be rising but borrowing remains attractive
As the cost of living rises at its fastest rate in 30 years and the Bank of England warns that inflation may hit 8 per cent, possibly higher, it’s unsurprising that interest rates are also edging upwards.
Luxury retirement developer secures massive loan for Kensington scheme
Cheyne Capital has agreed its second big finance deal with high-end retirement developer Riverstone, backing a Kensington scheme to the tune of £220mn.