Finance

Short-term property finance is becoming more prevalent.

A former advisor to Rishi Sunak - who also devised the Covid furlough scheme - has come up with 'a practical alternative to replace Stamp Duty & Council Tax'.

Growth in bridging loans 'seems to be fuelled by the urgent need to prevent chain breaks in property transactions,' say lenders.

The specialist bank, which is backed by Clivedale founder Sameer Gehlaut's Hera Holdings, aims to double its workforce this year.

Funds secured from CapitalRise and Colliers will be used to acquire the freehold title of a mixed-use building on South Audley Street, with a view to creating a super-prime resi scheme.

BNP Paribas Group is in exclusive talks to acquire AXA Investment Managers, in a deal that would create a European finance behemoth with €1,500bn of assets under management.

Property industry insiders express relief at the first base rate reduction in more than four years.

The Treasury has revealed measures to clamp down harder on international wealth as it aims for a tax regime that 'is both fair and as competitive as possible.'

The latest Bank of England data 'suggest that buyer and seller confidence remain consistent despite recent political changes,' says OnTheMarket chief Jason Tebb.

£20mn-worth of loans were agreed in nine days for schemes in Berkshire, Chelsea & Ealing.

Enness Global reports finance applications reached £5.3bn in H1, as average property values topped £20mn.

A 'global payments issue' delayed many high value and time-sensitive payments, including some house purchases, but has now been fixed.