Finance
Mortgage approvals fall again, but remain above pre-pandemic levels
UK borrowers repaid £1.4bn of mortgage debt in July; it's only the second time in a decade that the Bank of England's data has shown a net repayment.
Chelsea buyer seeks massive Stamp Duty rebate over communal garden usage
A buyer is trying to reclassify a house purchase on Tedworth Square to benefit from mixed use SDLT rates - which could mean a tax rebate of nearly £900,000.
CapitalRise backs £14m office-to-resi scheme in Bloomsbury
Prime property lender funds the conversion of two historic townhouses on Great James Street; reports rising appetite for office-to-resi projects in PCL.
Mortgage lending reaches a record high
Net mortgage borrowing reached an all-time high of £17.9 billion in June, according to the Bank of England - smashing the previous record, set in March 2021, of £11.5bn.
Foxtons looks to offload its Alexander Hall mortgage arm
High-profile estate agency confirms that it is "reviewing strategic options" for its mortgage business, Alexander Hall.
LendInvest to float
Christian Faes' property finance platform had planned an IPO for 2019, but postponed the move. It now hopes to raise £40m by listing on the London's AIM stock exchange.
Barclays names new real estate chief
Jason Constable has stepped up to become Barclays' Head of Real Estate for Corporate Banking.
Octopus hires new head of resi development lending
Andy Scott has joined the real estate lender and investor from Secure Trust Bank.
Interview: Paul Munford of Century Capital on doubling down on prime property lending
The CEO of Mayfair-based lender Century Capital discusses the current climate for HNW borrowers, key trends amongst his client base, and the post-pandemic prospects for the prime London market...
Treasury Committee rules out permanent Stamp Duty cut
"Any permanent cut or removal of SDLT would be likely to have a significant cost to the Exchequer," concludes HM Treasury.
Opes brings in new sales director to lead resi push
Knightsbridge-based mortgage brokerage has completed £14m worth of PCL loans in the last week.
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.