Finance
Foreign Office warns of ‘Magnitsky-style sanctions’ on Chinese individuals
Sanctions against individuals following China's antics in Hong Kong could involve high-value property assets in the UK.
Government review pitches £14bn CGT hike, potentially doubling rates for second-home owners
There are "a range of areas in which Capital Gains Tax is counter-intuitive and creates odd incentives", says the Office of Tax Simplification in a comprehensive review of the CGT regime.
Oaknorth backs boutique resi schemes in Hampstead & Surrey
£7m and £6.55m loans deployed to help firms with both sales and development.
Mortgage approvals climb to highest level since 2007
The latest Bank of England figures show a continued increase in mortgage lending since the Spring Coronavirus lockdown.
Industry heavyweights urge Chancellor to extend the Stamp Duty holiday
A raft of property industry players have penned an open letter to Chancellor Rishi Sunak, entreating him to extend the Stamp Duty holiday for another six months, and taper the end to avoid a "cliff-edge"…
Super-prime developer launches a ‘buy now pay later’ scheme for London trophy mansions
Billionares and millionaires have been asking to rent K10 Group's super-mansions - including the £75m Amberwood House in Knightsbridge and the £30m Culross House in Mayfair - prompting the developer…
Briefing Note: Securities-based lending for HNWIs
"Securities-based lending can be an exceptionally useful tool in the mortgage process for high net worth individuals," writes Enness boss Islay Robinson.
New chief for trade body UK Finance
Former Barclays and Lloyds heavyweight to join banking lobby body, replacing Stephen Jones.
Johnson vows to turn ‘generation rent into generation buy’ in ‘the biggest expansion of home ownership since the 1980s’
Prime Minister pitches fixed-rate mortgages of up to 95% loan-to-value for first time buyers.
Autumn Budget cancelled
"Now is not the right time to outline long-term plans - people want to see us focused on the here and now," says HM Treasury. "So we are confirming today that there will be no Budget this autumn."
Zorin secures £200m for UK SME resi development plays
American hedge fund giant Avenue Capital has pledged £200m to Luke Townsend's Sir John Beckwith-backed specialist property lender, for property development and investment loans for SME housebuilders…
Slim pickings for buyers as lenders cull mortgage products
A typical buyer with a 10% deposit currently has a limited choice of around 60 mortgage products, according to Moneyfacts - down from 779 at the start of March.