HNW mortgage lenders move to remote valuations to keep super-prime markets moving
"Private banks once opposed to accepting remote and desktop valuations began tentatively changing their approach this week in a move that could stem sharp declines in prime property market activity," says Knight Frank
What to read next
Luxury property portal launches ‘all-in-one management tool’ for super-prime listings
Vyomm's vBusiness Suite is "not only the most advanced platform for real estate business, it's also a portal to the leading prime and super prime estate agent and developer networks to collaborate and…
Lenders cut bonuses from mortgage sums
Many mortgage providers are refusing to take variable bonus and commission payments into account when doing affordability calculations, or are ratcheting down the proportion they will lend against variable…
Mortgage market could be frozen as lenders pull products
Banks & Government said to be in talks about pausing or adapting the mortgage market in light of the Coronavirus lockdown.
Most read
Arts & Crafts gem on Kensington Palace Gardens reborn as six ‘world-class’ residences
Luxury developer REDD unveils set of super-prime homes following ambitious five-year restoration of Philip Webb-designed landmark.
Alex Michelin: How driverless cars will reshape the property market
Luxury development chief says driverless revolution could redraw the prime London map.
£12.25mn Chester Square townhouse finds buyer after agency switch
Boutique firm seals super-prime Belgravia deal after two previous agents had marketed the property.
‘New strategy’ drawn up for 15,000 sq ft Belgravia trophy
Three-building spread could be transformed into one of PCL’s most valuable private residences.
Boutique London agency names new MD; opens Fulham office
Landstones has moved into the former Draker space on Fulham Road.
Savills makes key resi hire in Dubai
Greg Stockton is on board to link UK developers with investors, wealth managers and adviser in the Middle East.
Green light for £2bn Vauxhall Square mega-scheme
Pilbrow & Partners' 69-storey Vauxhall regen project squeaked through Lambeth's Planning Committee.
Harding Green recruits another top Foxtons agent
Sloane Square ops director makes move to self-employed broker model after nearly 17 years with former firm.
Enness Global installs new Chief of Staff
Douglas & Gordon veteran joins the HNW finance firm.
Billionaire financier quits UK tax residency – but keeps massive Wiltshire mansion restoration project
One of Britain’s biggest taxpayers is reportedly relocating fiscal affairs overseas.
LATEST ARTICLES
‘The penny has dropped’: London’s supply of supersized apartments is drying up
‘Signs of urgency’ emerge around the capital’s top schemes as new figures reveal how Westminster’s size limit is reshaping the super-prime landscape.
Christie’s makes major New York play with launch of 120-agent brokerage
Luxury property brand builds new Manhattan operation around Warburg team, headed up by Kevelyn Guzman.
Global Branded Residence Survey 2026: Sector to top 300,000 units by 2031
New Knight Frank analysis flags big diversification, with growth beyond key cities and non-hotel brands set to account for almost 40% of branded resi supply within two years.
Buy-to-let company formations set to fall for first time since 2008
The pace of rental price growth increased again in August, as Hamptons flags a 'turning point' for property investors.
Zoopla flags first drop in rental supply for three years
Property portal expects average rents to rise 4-5% this year.