Finance
Mortgage lending drops, ‘confirming that the froth has come out of the market’
The average mortgage value was £235,474 in February - a significant 4.6% higher than the previous month, and 10.4% up one the year.
Blenheim Estate launches ‘a new approach to property development’ for other landowners
Aristocratic venture "enables landowners to retain a long-term involvement in the development of their land," offering "patient capital" to allow inherited estates to stay in the family.
Wilben secures another Chelsea development prospect
CapitalRise has provided a bridging loan for the acquisition of a £1.7m property in Chelsea, which the developer plans to demolish and replace.
BoE considers withdrawal of mortgage affordability test, as rates set to rise
“Letting people borrow more money looks like a risky move at a time when house prices are sky high and the outlook is uncertain," comments one analyst as the Bank of England opens a consultation on loosening…
Mortgage lending rises
January's mortgage lending data shows activity is running above pre-pandemic levels.
Real estate lender Précis adds heavyweight legal chief
Précis Capital was set up last year Randeesh and Daljit Sandhu and Karen Dunstan, with backing from TowerBrook Capital Partners.
Unreal Deals: Is crypto the future for real estate?
The Sotheby’s International Realty team delves into the prospects for cryptocurrency in international real estate markets.
Developer secures £14.9m loan for boutique Highgate scheme
ME Developments' Highgate Mews project will be delivering 13 new luxury apartments near Hampstead Heath
J3 builds team with ambitious growth plans
Recently-launched finance and insurance advisor plans to triple in size this year.
CapitalRise backs 23-apartment Gloucester Road scheme
"High calibre borrower" secures £8.3m to finance the development of a Victorian townhouse in South Kensington.
Second home tax loophole closed
New rules mean holiday lets must be rented out for a minimum of 70 days a year to qualify for lower local tax rates.
Watch: Hollinrake proposes a new wealth tax on non-resident property owners
MP and former estate agency boss Kevin Hollinrake has outlined a series of proposals to make Britain's housing market more fair and equitable - including a new wealth tax on overseas buyers of UK property.