Finance
90% of HNWIs face mortgage rejection, claims lender
'Both high-earning professionals and successful entrepreneurs will often struggle to secure the mortgages they want from conventional mainstream lenders due to the complexity of their incomes,' says Investec
‘Proud to pay more’: Most HNWIs want higher wealth taxes, say millionaires
'The true measure of a society can be found, not just in how it treats its most vulnerable, but in what it asks of its wealthiest members,' say Patriotic Millionaires Marlene Engelhorn and Stefanie Bremer
CapitalRise secures £250mn funding line to ‘turbo-charge’ growth
Massive new financing 'enables us to turbo-charge our growth and serve increasing numbers of borrowers,' says CapitalRise chief Uma Rajah.
Century Capital appoints new COO
Short-term property finance specialist Century Capital has added three new faces to its team, including a new Chief Operating Officer.
Property giants launch £100mn resi co-investment strategy
Partnership will provide loans of up to £60mn for resi projects with strong environmental creds in London and across the UK.
Register of Overseas Entities reaches ‘significant milestone’ with over 30,000 registrations
Government chalks up a win as Companies House says its focus remains on 'rigorously enforcing compliance.'
Spring Budget date set for 6th March 2024
Jeremy Hunt will outline the government's latest round of tax policies in early March, ahead of a probable General Election later in the year.
Currency Matters: 2024 likely to be the same, but different
Trying to find the ‘absolute optimum’ in any market is ultimately a fool’s errand, writes David Huggett.
Industry Reactions: BoE holds interest rates at 5.25%
'The Bank of England’s decision to hold Bank base rate at 5.25% is likely to bring more confidence to the UK housing market,' says Savills.
Mortgage lending to fall in 2024, predicts UK Finance
'We expect lending to remain weak in 2024, with a gradual improvement in affordability reflected in a modest increase in activity levels in 2025,' says banking industry trade body.
Specialist lender refinances £175mn London mansion
Cohort Capital completes another PCL mega-deal as ultra-prime sector 'remains well insulated from wider economic headwinds'.
Mortgage approvals rise as interest rates stabilise
Bank of England data tell of another increase in mortgage approvals, prompting Savills to suggest 'some confidence is beginning to return' to the property market.