Finance
OakNorth moves into the HNW mortgage market
Four-year-old bank has ambitions to build a £260m mortgage loan book by the end of the year, targeting affluent buyers and unconventional incomes
Goldman Sachs rolls into UK build-to-rent with £118m Birmingham deal
A massive development loan to fund Moda Living's 42-storey residential tower in central Birmingham is Goldman Sachs' first foray into the UK's build-to-rent sector
Opinions sought on new money-laundering rules for high-end letting agents
The EU's Fifth Money Laundering Directive is slated to come into play in January, requiring UK letting agents dealing in rents above €10k per month to carry out AML checks on their clients.
Damac refinances luxury London tower in ‘a vote of confidence in the UK’
Dubai property developer is 'currently engaged in detailed discussions' to secure its next big London project
London’s HNW advisors reveal post-Brexit fears
Majority of intermediaries in the property and private wealth communities expect a 'sharp decline' in the number of international HNWIs calling London home, according to a new sentiment survey
LendInvest secures £200m backing to enter regulated home loan market
Christian Faes' online finance marketplace is gearing up to launch its first regulated mortgage product this year
Rent or Buy: Does the British obsession with home ownership pay off?
Professors Colin Jones and Abdulkader Mostafa of Heriot-Watt University and Edinburgh Business School have explored the bottom-line implications of buying a home rather than renting.
ATED receipts tumble as property owners de-envelope & relief claims escalate
Westminster and Kensington & Chelsea provided nearly three-quarters (73%) of all receipts from the Annual Tax on Enveloped Dwellings in 2017-18
Britain’s wealthiest pay half the IHT rate of smaller estates
'Some aspects of inheritance tax are ripe for reform', argues a wealth management firm after discovering that £10m+ estates tend to pay half the effective rate of smaller inheritances
Mortgage approvals dip – but not by as much as some thought
Data mix-up at UK Finance causes dramatic but erroneous 'six-year low' headlines.
Fortwell goes on a lending spree in Manchester & Birmingham
Property finance firm has lent £31m and £55m to fund two major resi schemes in key regional cities.
CapitalRise smashes crowdfunding target
Over 500 investors have backed the luxury property crowdfunding platform, raising nearly £2m to "accelerate expansion"