Finance
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
Hilltop provides £2.6m loan for Hexham resi development project
Hilltop Credit Partners makes its first SME development loan, backing a heritage office-to-resi conversion by The Morton Group in Northumberland
Javid confirms Budget 2020 date: Wednesday 11th March
The new Government's first Budget will be delivered on 11th March 2020; it will "usher in a decade of renewal" says Chancellor Sajid Javid.
Meyer Bergman joins forces with CC Land for £1.25bn Whiteleys scheme
Meyer Bergman and CC Land have formed a joint venture to bring forward the ambitious reinvention of the Bayswater landmark, with additional backing from Apollo.
Industry body names new mortgage chief
RBS' Lloyd Cochrane is to be the new chair of UK Finance's Mortgages Product & Service Board, replacing Richard Rowntree
Mortgage mis-selling ‘could be the next PPI’
Legal cases are being brought against mortgage brokers who allegedly "mis-sold" interest-only products; potential compensation payouts could run to "billions"...
Mega-mortgages hit five-year high
185 residential mortgages for £5m or more were dished out in the last 12 months across the UK, with a combined value of £1.8bn
UK Sotheby’s Realty to ‘explore tokenisation’ of two luxury properties
UK Sotheby’s International Realty has partnered with PropTech platform Smartlands to look into blockchain-powered fractional ownership options for a London penthouse and a Greek villa.