Finance
BoE cuts interest rates in response to ‘the economic shock from Covid-19’
The Bank of England has cut the base interest rate by 0.5%, taking it back down to a mere 0.25%, as part of a package of emergency measures to cope with the economic effects of the Coronavirus outbreak.
Italian Government suspends home mortgage payments over Coronavirus outbreak
Unprecedented move will see a moratorium on home mortgage payments and household bills across Italy; UK lenders start offering payment holidays.
Candy wins £2m Chelsea mansion Stamp Duty appeal claim
The Tax Tribunal has given Christian Candy the right to appeal a £1.92m Stamp Duty bill on Gordon House, which he acquired for £68m in 2012 but then gifted to his brother.
Investec backs Brill Place tower with £35m loan
Resi-led scheme in King's Cross will deliver 54 luxury apartments in a new 22 storey tower.
Mortgage approvals recover to 2016 levels
Mortgage approvals for house purchase rose to 70,900, the highest since February 2016, according to official data from the Bank of England.
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.