Finance
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.
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.