Finance
Sancus builds UK business development team
Niche property finance firm has recruited four new faces in the last few months.
Mortgage lending bounces to nearer-normal levels
67,000 home purchase mortgages were approved in November, according to the Bank of England; the lowest figure since June 2020, but near the 12-month average up to February 2020.
December’s rate hike makes January a unique opportunity for borrowers
Lenders get hit with new targets at the beginning of the year and CEOs will want to make hay while the going is good, writes Alex Ogario
Wilton Crescent refurb project bags £17.5m loan from CapitalRise
Super-prime townhouse renovation project in Belgravia has been valued in its current state at £27m.
BoE nudges interest rates up to 0.25%
"The rise has been a long time coming, and with inflation now at decade high levels, there really is little alternative," comments Strutt & Parker, while Knight Frank Finance says "it’s clear that the…
Mortgage lending set to ‘return to more stable levels of activity’ after 2021’s surge – UK Finance
"The outlook for the housing and mortgage markets over the next two years is for a return to more stable, balanced picture following the upheavals of the last two years," predicts banking trade body…
Historic Mayfair townhouse project secures mezzanine loan
CapitalRise has financed another notable luxury residential project in Prime Central London.
Capital Gains Tax should be extended to nearly all homes, argues top think tank; here’s how it could work
Home-owners have benefitted from an "unearned, unequal and untaxed £3 trillion capital gains windfall" over the last 20 years, says the Resolution Foundation;
Lloyds eyes massive buy-to-let expansion
Lloyds Banking Group's new buy-to-let division, Citra Living, could see its budget quadruple to £1 billion or more, according to "people familiar with the deliberations."
Government rejects CGT & IHT reforms, for now
A proposed overhaul of the Capital Gains Tax regime has officially been shelved by the Treasury.
Start-up J3 aims to ‘shake up the insurance and property finance sectors’
Former London Belgravia team has launched J3 Advisory to make it "quicker and more effective for property developers to get both the insurance and finance that they need."
Kingsley Napley creates new tax practice
“The intention is to service tax matters in-house more than the firm has done historically and to add further specialists in due course,” says top law firm as it recruits new partners.