Finance
London’s stamp duty burden breaches £3bn, but prime borough portions slip
London accounted for around 40% of the UK's total residential stamp duty receipts in 2014-15 - just over £3bn out of £7.
2% is the ‘new normal’ interest rate until 2020 – Cebr
The Centre for Economics and Business Research has pushed back its prediction for when the Bank of England will raise interest rates, to May or August next year.
Landbay recruits new Chief Lending Officer
Peer-to-peer lender Landbay has recruited a new Chief Lending Officer.
Industry veteran Paul Clampin joins from Paragon Group, where he was Director of mortgage underwriting.
Resi development lender Urban Exposure in US joint venture
A JV between US-based investment giant EJF and non-bank lender Urban Exposure has created a major new resi development finance offering.
Urban Exposure-financed project in London's Docklands
Dragonfly boss flies the nest
Property finance outfit Dragonfly has a new CEO.
The firm's Head of Sales and Marketing Mark Posniak has replaced Jonathan Samuels, who's left to start a new (non-property related) venture.
Australian government forces more sales in $1bn foreign investor crackdown
The Australian government's new crackdown on "illegal" overseas investors has already started snaring some pretty big fish.
Owners of residences in Sydney's exclusive Elizabeth Bay are under scrutiny
USA is the world’s ‘clear number one’ for residential investability – Savills
"Investors in international residential real estate should combine an understanding of macro metrics and an appreciation of local, shorter term drivers of house prices when making buying decisions," says Savills as…
Pension freedoms aren’t creating an over 55’s property bonanza
Future dealings in the property market by householders currently over the age of 55 will account for more than three million property transactions, worth a total of more than £775bn, says the Prudential.
Rowsley’s first Euro play backs Neville and Giggs’ ‘new Mayfair of Manchester’
Peter Lim, the Singapore-based billionaire part-owner of Salford City FC, has agreed to back football stars Gary Neville and Ryan Giggs' plans to develop a former police station in central Manchester into…
LCP launches new fund with 50-property ‘seed portfolio’
London Central Portfolio has just announced the launch of its "super fund", LCA III, which comes with a "seed portfolio" of 50 properties already in place.
Private Finance goes on broker recruitment drive as referrals rocket
Mortgage broker Private Finance is ramping up its team to deal with an increase in referrals from Strutt & Parker.
Appetite for long-term mortgages soars as August heats up
The number of homebuyers looking to secure a 30+ year mortgage has jumped from just 8% a year ago to 21% in Q2 2015, according to broker Mortgage Advice Bureau.