Finance
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"
Oaknorth triples profits
Challenger bank claims to have bankrolled the creation of 10,000 new homes since it launched in 2015.
12% of HNWIs ‘have been turned down for a mortgage’ in the last ten years
New research by Butterfield Mortgages lambasts 'tick box' methods of high street lenders
Mortgage lending is ‘off to a strong start’ in 2019
The latest monthly update from UK Finance indicates that more home-movers and first-time buyers were active in the mortgage market in January this year compared to last.