Finance
Grosvenor unveils ‘significant expansion’ of residential lending operation
Property firm allocates £900mn to resi debt as it continues to diversify.
Property industry reactions: BoE holds interest rates at 5.25% for fifth time
'Monetary policy will need to remain restrictive for sufficiently long to return inflation to the 2% target sustainably,' says the Monetary Policy Committee, but many prime resi pundits expect interest…
CapitalRise boosts funding facility by 50%
Prime property finance firm is 'diversifying and deepening its capital sources' in order 'to support even more high-quality property development projects across Prime London, the Home Counties and beyond
Coutts boosts lending ratio ‘to support clients as they reach the highest rungs of the super-prime property ladder’
Specifically targeting Prime Central London, the lender wants to help HNWIs 'take advantage of a recent uptick in listings of super prime properties for sale'.
PCL agency heralds ‘new era’ with big-ticket Bitcoin deal in Knightsbridge
'It's not just a transaction; it's a revolution,' says Knightsbridge Prime Property, after completing a £45k pw rental deal with cryptocurrency.
‘One of the finest houses in Marylebone’ bought with £17.2mn loan
A 'hugely influential figure in the fashion industry' has bagged a £30mn home with private access to Regent's Park.
Required Reading: The Budget 2024 for HNWIs & business owners
Mishcon de Reya's team of tax and legal experts talks us through the key points of this year's Spring Budget, including the end of the Non Dom regime, changes to Capital Gains Tax on residential property,…
‘Another missed opportunity’: Prime property industry reactions to the Spring Budget 2024
Featuring insights from: Black Brick, Chestertons, Fine & Country, Harrods Estates, Heaton & Partners, Jackson-Stops, Janine Stone, Knight Frank, Lomond, London Central Portfolio, Prime Purchase, Propertymark,…
Budget 2024: Hunt scraps Non Dom status, abolishes Furnished Holiday Lettings relief & cuts CGT rates for residential property
The Non Dom regime is being replaced with a 'modern, fairer, simpler' tax system based on residency, says the Chancellor.
Treasury considers scrapping Non-Dom status
Next week's Budget could see changes for HNWIs who live in the UK but have tax residencies overseas.
Mortgage approvals rise again as borrowing costs ease
40% more home purchase mortgages were approved in January this year than in January 2023.
Lloyds tweaks house price forecasts, anticipating ‘more modest’ declines in 2024
'We expect house prices to fall between 2% and 4% this year,' says Britain’s biggest mortgage lender.