Finance
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.
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.