Finance

Dom Scott is handing over the leadership of Foxtons Plc's mortgage broking business to Tom Davies next month.

Britain's central bank hikes interest rates again in a bid to curb inflation.

The Victorian parade on Westbourne Park Road featured in Richard Curtis' 1999 romcom Notting Hill.

Property bridging and development lender Sancus is in the midst an "aggressive growth strategy".

The Bank of England expects interest rates to climb to around 2.5% by mid-2023.

The latest Bank of England data show a slight drop in mortgage approvals.

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.

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.

Cheyne Capital has agreed its second big finance deal with high-end retirement developer Riverstone, backing a Kensington scheme to the tune of £220mn.

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.

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.

CapitalRise has provided a bridging loan for the acquisition of a £1.7m property in Chelsea, which the developer plans to demolish and replace.