Finance
Lending industry is ‘in the midst of a price war’ as challengers flood the market
"Borrowers have never had it so good", commented one respondent to Target Group's survey of the lending industry, as nine out of 10 banks, building societies and P2P lenders said they believe that the…
Behind the Numbers: Mortgage lending is actually still 46% down on pre-crash levels
Last week's Council of Mortgage Lenders numbers (reported here) show that gross mortgage lending for the UK is, overall, on the rise.
Hill plots land bank boost after closing £150m financing deal
Top 20 housebuilder Hill is looking to significantly expand its land bank across London and the South East after securing a major financing deal.
Hill's 'Woodstock House' project in Esher
Gross mortgage lending reaches highest level since 2008
The Council of Mortgage Lenders estimates that gross mortgage lending reached £19.9bn in December. That's is 3% lower than November's £20.5bn, but 23% higher than December 2014's £16.2 bn.
‘Now is not yet the time to raise interest rates’ – Carney
Bank of England Governor Mark Carney has ruled out an imminent interest rate rise.
Strawberry Star closes £25m London property fund; co-investors to bring in another £50m
Strawberry Star has closed its debut property investment fund after securing £75m to splash on "some of the best property investments in London".
Shawbrook and Urban Exposure announce tie-up
Shawbrook Bank and development finance outfit Urban Exposure have teamed up to provide resi developers with a whole gamut of loan options.
The pitch to developers is all about streamlining;
PCL investors to swerve SDLT surcharge by ‘going large’
Buying agency Black Brick has reported a "flurry of activity" from investors since George Osborne announced the new stamp duty surcharge on buy-to-let and second homes.
LaSalle splurges £55m on first UK PRS fund acquisitions
LaSalle Investment Management has completed the first two direct investments for its UK Private Residential Fund, buying-up 270 purpose-built residential units in Leeds and London for £55m.
‘Most prime developments underinsured for loss of deposit’ says broker
A "groundbreaking" new insurance product has been launched for developers undertaking prime and large-scale projects, which could have a big impact on the way such schemes are covered.
London loses top ten European property investment ranking; now behind Istanbul & Budapest
London has tumbled out of the top ten European cities for real estate investment prospects, according to a new report from PwC and the Urban Land Institute.
Super-fast £3m bridge sets up £40m Mayfair mansion scheme
A luxury £40m residence is to be created in the midst of Mayfair after a BVI-based company secured a multi-million pound bridging loan in double-quick time.