Finance
New mortgage industry marketing body launches
The Mortgage Market Alliance is a "collaborative new voice for the mortgage industry that will promote the strong availability of mortgage lending and product choice to an increasingly diverse range of…
Cash buyers pay an average of 9% less for a home than mortgagers
The average price paid by cash buyers for a home in the UK is 9% less than that paid by mortgaged buyers... But it's a different story in London.
Latest mortgage data shows a resurgence of buy-to-let activity
The number of home-mover, remortgage and buy-to-let lending picked up in December, reports UK Finance.
City high-rollers return to Prime London
Proportion of £2m+ buyers from a City/finance background hit a six-year high in 2019
Iron Bridge acquires ex-CPC finance firm Orlandis Capital
Iron Bridge Finance has snapped up a majority stake in real estate JV equity provider Orlandis Capital, which was party of Christian Candy's CPC Group until a management buyout in 2018.
GPE signs ‘innovative’ green finance deal
Great Portland Estates has agreed a £450m credit facility linked to its "environmental, social and governance" performance.
Government pledges £1bn for SME housebuilders
The ENABLE Build programme - announced in the 2018 Budget - will shortly begin guaranteeing loans to smaller regional property developers.
Mortgage approvals jump to highest level since 2015
2019's gross mortgage lending total was still below 2018's level, despite a flurry of approvals in December.
Investor gets back into prime London with £100m debt deal
Developer Regal London has secured £100m of senior debt from ICG-Longbow for a resi development in St John's Wood.
New mortgage lending dips by 10%
10.6% fewer homemover mortgages completed in November 2019 compared to the same month a year earlier - although the decline "reflects particularly strong home-purchase activity in November 2018"
Warren Buffett’s prime London estate agency launches property finance business
Berkshire Hathaway HomeServices Kay & Co has teamed up with mortgage brokers John East and David Longhurst to launch Connaught Private Finance.
Fortwell funds west London scheme with £15m loan
Development facility marks the firm's first resi construction loan in London since 2016