Gross annual bridging lending hits £3.6bn
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.
Quick Buck: Bridging loans on the rise in Q2
Greater choice and increasingly competitive rates drove a chunky 16.9% hike in the number of borrowers taking out bridging loans in Q2, according to the Association of Short Term Lenders.
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.
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Brace of Mayfair mansions offered as ultra-prime redevelopment opp
A luxury resi reworking of the twin Georgian townhouses on South Audley Street could deliver a £65mn end product, agents suggest.
Rumourmill: Chancellor ‘plotting mansion tax raid’ on £2mn+ homes
More speculation about potential tax hikes in November's Budget event.
Telegraph: ‘How Britain’s most expensive house became a £250mn white elephant’
2-8a Rutland Gate is 'a barometer of the vigour of London’s so-called 'super prime' property market', says journalist Jonathan Ford.
Battersea Power Station owner reportedly mulls sale
It is suggested that BNP Paribas has been brought in to 'explore options' for the sale of non-residential parts of the landmark building.
Knight Frank’s Rory Penn on resilience, recalibration & finding opportunity in London’s prime property market
Q&A: The high-profile agency's London sales chief reveals a big-ticket deal tally and shares how the business is navigating 'peak uncertainty'.
Tapping the Top End: Lucian Cook on the potential impact of taxing luxury homes
As the Treasury signals tax changes, Savills' Head of Residential Research examines their potential impact on the prime property market.
London letting agency under fire over Chancellor’s rental mis-step
Rachel Reeves 'had not been made aware of the licensing requirement' when she rented-out her home in Southwark via a letting agency.
Property & Pre-Budget Propaganda: Charles Curran on the real effects of policy leaks & speculation
Maskells' MD reflects on how the recent raft of terrifying predictions are impacting on activity in the prime market - and why opportunistic buyers are still pressing ahead.
Knight Frank concludes South of France partnership
Agency points to ‘evolving strategic priorities’ as it announces another change to its French network.
Industry Reactions: Renters’ Rights Bill gains Royal Assent
New laws represent 'seismic' changes for landlords, tenants & letting agents.
LATEST ARTICLES
In Pictures: Touring a revamped Rutland Gardens townhouse with Rolls-Royce links
Design studio Taylor Howes completes a two-year reimagining of a storied Knightsbridge residence - which is now up for sale at nearly £17mn.
La dolce vita gets dearer: Italy doubles flat tax for wealthy new residents
As PM Meloni ramps up the annual levy for UHNWIs to help raise revenue, Knight Frank's Kate Everett-Allen explains the background to the changes & the implications for Italy’s luxury real estate market.
Industry Reactions: UK property transactions tick up
Housing market described as ‘remarkably resilient’ & 'broadly stable' as HMRC reports increase in September sales.
Development land market ‘under pressure’ as investors take pause
Sentiment in the UK's residential development land market remains positive, says Savills, but things are slow-moving.
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes.