Finance
The myth of the cash-poor asset-rich
One of the core anti-Mansion Tax arguments - that property price inflation means that many owners of £2m+ "mansions" aren't that wealthy in a cash-to-splash way - has been belittled by some ONS stats.
New mortgage director for Brightstar
Specialist lending intermediary hub Brightstar, which completed a chunky £17m bridging loan with Christian Candy's Omni Capital last week, has recruited a new Director of Mortgages.
Cheques Please: Why new lending checks are absurd, counter productive, and won’t end well
New mortgage rules prefer corporate dullards to wealthy entrepreneurs, says our resident Doer Upper Alan Page, as he misses the joys of seeing a proper bank manager.
If you're rich you can't borrow.
Omni and Brightstar complete £17m bridge
Specialist money distributor Brightstar Financial and CPC Group's Omni Capital have completed a meaty £17.
40% of Brits would bet on property investments
40% of Britons believe that property is the best investment for generating returns, according to a YouGov survey commissioned by spreadbetting firm InterTrader.
Balls details plans for mansion tax on ‘ultra-high-value’ £2m+ homes
"How can it be right that the foreign buyer last month of a £140 million flat in Westminster will pay just £26 a week in council tax — the same as the average-value property in that council area?
Montello hits £250m a year mark
London-based real estate lending outfit Montello Finance has claimed it's now one of the most active bridging lenders in the UK after smashing through the £250m a year threshold.
International Investment in London Residential: A Summary
Much has been written about capital flows in to London residential, notably into the new build space, says JLL in a note that aims to "balance the issues at hand in a holistic manner" - without the bluster and…
Indian buyers and developers make £1bn move on Mayfair
After an extraordinary eighteen-month-long buying spree, ultra high net worth purchasers, investors and developers from India have become the dominant overseas force in the Mayfair property market, according…
Osborne gives BoE ‘weapons’ to guard against property market risks
"There is no immediate cause for alarm" about the property market, proclaimed George Osborne in last night's Mansion House speech, but "there are on the horizon things that should give us some causes…
Alternative lender launches prime resi loan service
An new "alternative finance" firm has decided to tap into the prime property lending market, offering loans of between £60k and £1m with a ten day turnaround.
Triangle completes on £212.5m Midtown deal
A consortium headed up by investment, development and asset management outfit Triangle has just completed on the acquisition of a major portfolio in Holborn.