Finance
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.
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