Finance
Coronavirus mortgage payment holiday to be extended
Struggling borrowers will be able pause or reduce mortgage payments until 31st October.
Maslow launches a Loan Book Liquidity Fund
“The pandemic has caused companies to relook at their business models," says development finance firm Maslow Capital.
Covid-19 has ‘brought to an immediate halt the unbroken upward trend in global HNW growth over the past decade’
Dollar millionaires now control nearly a third of the world's total private wealth, reports Wealth-X, after "a decade, and more, of plenty" - a period that has been ended by the pandemic.
New £100m property fund launches, focused on international luxury developments
M Capital is being launched next month by Montague Property founder Thomas Balashev, Dylan Mitchell of Worldwide Property Company, and Mattias Sandvall of Sandvall Invest.
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