Finance
Pensions are worth more than property for the first time
The average UK house price is now £230,000, while the average final salary pension pot is worth £233,000...
Mortgage approvals sink to seven-year low
Latest stats from the Bank of England show just 56,200 approvals for house purchases were recorded in March - the fewest since March 2013
Over 85% of BTL lenders ‘still in the game’
No need for landlords to panic, says broker
Banks limit lending on high-end homes
'Using an automated valuation and a bit of Google Street View is considered too legally risky for the more expensive properties', says one lender
Borrower secures £7.5m to refurb Belgravia mega-mansion
Property lender Century Capital overcomes market challenges to complete three chunky financing deals, involving a £30m renovation project in Belgravia, a £40m resi scheme in Kings Cross, and a £2m Chelsea…
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…