Finance
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.
Sunak floats CGT hike in a ‘triple tax raid on the wealthy’
Bank Holiday weekend newspapers carry "leaks" of Treasury plans for a "£30bn triple tax raid" and/or a "quintuple whammy of tax increases".
Century backs a brace of prime country development prospects
Lender helps developer pull off an opportunity to acquire commercial asset of ‘great provenance’ in Sussex, after funding the same client's purchase of a dilapidated mansion in Hampshire...
Northern bridging specialist makes a move on London
Cheshire-based Kenton Finance is setting up new offices in Mayfair and Canary Wharf to help grow its presence in the capital’s property market.
Valuers are re-pricing 4% more properties post-lockdown, reports surveying firm
'Contrary to speculation based on isolated cases...the market remains robust', says major player Esurv...
Green Homes Grant: Key points & implications for property owners
Sarah Wales of law firm Womble Bond Dickinson gives a concise summary of the Green Homes Grant and its implications for homeowners and landlords.
BoE records four-fold increase in mortgage approvals
...but June's total of 40,000 was still 46% below February’s pre-Covid level of 73,700.
Think tank calls for a Property Capital Gains Tax to ‘pay for the coronavirus’
Michael Johnson and the Social Market Foundation are calling for "tens of billions of pounds of new taxes to be levied on increases in the value of homes", with a new Property Capital Gains Tax replacing…
Fairway’s resi fund snaps up £70m-worth of PCL property from Grosvenor, as blue chip investors look for a safe haven
"In macro-economic terms, Covid is just about as bad as it gets," says Leconfield and Fairway Capital founder George Brooksbank.
Details of next year’s non-resident SDLT surcharge published
The 2% foreign buyer levy "may help to control house price inflation, by leading to a reduction in residential property purchases by non-UK residents," suggests HM Treasury.