Finance
Mortgage borrowing falls from a record high, but approvals rise
The Bank of England reports that net mortgage borrowing fell from a record £11.5 billion in March to £3.3 billion in April.
Century Capital recruits industry heavyweights ahead of ‘major growth phase’
The specialist prime lender has signed up Ian Axe and Simon Golesworthy as part of a new institutional management team.
£100m government loan to unlock 3,000 homes at Canada Water
Backing will fund infrastructure works at British Land’s 53-acre mega-scheme.
‘Use it or lose it’ land tax mooted again
The government is "privately considering" a plan to impose a land-banking tax on property developers, according to a report in The Times.
Housebuilder sues for £6m over tax advice
London property developer Mount Anvil is reportedly suing KPMG after receiving an unexpectedly large tax bill.
Mortgage choices blossom
There's been a spurt of new mortgage products in the last month, with deals requiring a small deposit seeing the biggest increase.
Ask & OakNorth Bank back boutique resi project in St John’s Wood
Benjamin Goldkorn, founder of restaurants Ichibuns and Endo at the Rotunda, is reworking two properties on Hamilton Terrace into seven apartments and two duplexes.
New app promises to solve complex Stamp Duty calculations
"Compass" has been created by a team from Cornerstone Tax Advisors.
Mountwood secures backing for £28m west London scheme
34-unit regen project is transforming a disused brownfield site on Fulham Palace Road in Hammersmith.
Consultation opens on the new Residential Property Developer Tax
Property developers should pay a "fair share" of the cost of the cladding scandal, says the Government, as it provides more detail on plans for a two-pronged tax on housebuilders.
ATED receipts dwindle as enveloping loses its appeal
Receipts from the Annual Tax on Enveloped Dwellings fell by 8% (c.£11m) for the 2019/2020 financial year; they have dropped by 28% (c.£50m) since the 2016 peak.
Stamp Duty receipts rocket
HMRC's revenue from SDLT was 22% higher last month than in March 2020.