Finance
Property Industry Reactions: BoE holds interest rates at 5.25% again
'No great surprise,' say property market pundits, as the Bank Rate is maintained at a 16-year high for a seventh time.
Maslow backs resi transformation of ‘iconic’ north London police station
Developer secures £13mn finance package to unlock 29-unit scheme in Crouch End.
D-Day for the central banks? Ollie Marshall on why economic policy needs a new strategy
Can the conventional weaponry rolled out by central banks ever be as effective as it was in yesteryear, asks top buying agent.
Mortgage approvals are up 26% on the year
Mortgage approvals for house purchases are now 'back to 94% of their pre-pandemic level,' notes Savills, despite fresh Bank of England showing a slight month-on-month dip.
Currency Matters: Keep calm and carry on
We can expect lots of 'noise' over the next few weeks, but there are three things that move markets significantly, explains David Huggett...
Bridging lending activity holds steady as interest rates dip
More home-buyers are turning to bridging loans to prevent chain-breaks, while demand from businesses for short-term property funding doubled from Q4 2023 to Q1 2024.
Speedy £12.4mn loan rescues Mayfair mega-deal
Delays with previous lender had put £20mn transaction in jeopardy, reports Cohort Capital.
Arc & Co expands advisory team
Andrey Redman, formerly of Wimmer Family Office, Knight Frank & PwC, joins Fitzovia-based finance firm as a director.
Tories float September Stamp Duty cut
The Chancellor is considering raising the SDLT threshold to £300k, according to newspaper reports.
Mayfair mews project secures £6.5mn loan
Developer plans a 'transformative' redevelopment of the house on Mount Row, funded by a big-ticket loan from CapitalRise.
Labour pledges to close Tory non-dom ‘loopholes’ amidst wider tax avoidance crackdown
Chancellor-in-waiting Rachel Reeves has vowed to 'take on the tax dodgers because if you make your home and do your business in Britain, then you should pay your taxes here too.'
Sentiment improves as interest rates appear to be on the way down
Mike Boles, head of Private Office at SPF, discusses the outlook for interest rates and mortgage pricing as inflation falls.