Finance
Significant wealth tax hikes ‘should now be very firmly on the UK policy agenda’
"Low-hanging" wealth & property taxes could rise to cover Covid-19 costs, suggests a political economist Professor Richard Murphy.
UK’s ‘frozen’ mortgage market begins to thaw
Lenders are raising LTVs, embracing desktop valuations and hunting for business, notes Knight Frank
Yoo Capital raises £200m for UK property fund
'YCFII will enable Yoo Capital to bring further substantial capital to key projects in central London and other major cities', says Yoo Group chairman John Hitchcox
Agency sounds warning over mortgage holidays
Missing payments could still show up on a credit score, says Chestertons after fielding enquiries from people who are 'not in any particular financial difficulties'
Moda secures backing for one of Scotland’s biggest build-to-rent schemes
Springside in central Edinburgh will deliver 476 new rental homes.
Bloomberg: Ultra-wealthy pull cash from mansions to buy beaten-down assets
Tom Metcalf reports for Bloomberg how UHNW homeowners are turning to their real estate holdings to access cash as the pandemic pummels global markets
HNW mortgage lenders move to remote valuations to keep super-prime markets moving
"Private banks once opposed to accepting remote and desktop valuations began tentatively changing their approach this week in a move that could stem sharp declines in prime property market activity," says…
Lenders have now pulled half of all home-buyer mortgage products
Banks have shelved around half of their mortgage products in the least few weeks in response to the Coronavirus crisis and 0.25% interest rate.
Best Laid Contingency Plans: Considerations for business directors in a challenging financial climate
Some sage advice for business leaders in tough times from Blair Nimmo, KPMG's UK Head of Restructuring and Global Head of Insolvency.
Bridging lender pushes through three prime deals despite lockdown
"It is more important now than ever that we maintain a business as usual attitude and remain as resilient as possible in an otherwise chaotic climate," says Century Capital's Head of Lending.
Mortgage market could be frozen as lenders pull products
Banks & Government said to be in talks about pausing or adapting the mortgage market in light of the Coronavirus lockdown.
Bank of England cuts interest rates to historic low of 0.1%
Emergency move marks the second rate cut in eight days