Home-buyers turn to short-term finance to save sales chains
Growth in bridging loans 'seems to be fuelled by the urgent need to prevent chain breaks in property transactions,' say lenders.
What to read next
One in 10 UK home buyers use overseas funds – claim
Due diligence platform flags the prevalence of cross-border funding in the property market.
Property industry reactions: Mortgage approvals declined in July
New Bank of England data illustrates 'the concerns and difficulties facing buyers', comments one prime resi pundit.
Home-buying activity proving ‘resilient but restrained’ this year
Property data firm says Q2 numbers 'demonstrate the market remains resilient despite a challenging backdrop.'
Most read
Russell Simpson recruits Strutts veteran Meacock
Notting Hill sales chief, who helped launch two high-profile London offices, makes move to the expanding family-run agency.
Another big-ticket deal sealed at Mayfair’s 60 Curzon
Four-bed apartment guided at nearly £25mn finds a buyer at the Thierry Despont-designed scheme.
UAE-backed firm sets ambition to become ‘London’s leading developer’
As rivals beat a retreat from the London market, housebuilder reports 236% sales surge and £5bn development pipeline.
Top-flight London design studio expands into Middle East
Laura Hammett is opening a permanent base in Dubai next month.
Priory Walk townhouse hits the market after superyacht-inspired overhaul
In Pictures: Classic Chelsea family home emerges from ambitious reworking by rjha Architects and a cast of specialist contractors.
Mansion tax territory: Three withdrawals per £2mn-plus sale; twice the wait for a buyer
New figures reveal the scale of the challenges facing the top end of England's housing market, with another Budget imminent and the HVCTS looming large.
The casualties of indecision: Louisa Brodie on when an asking price isn’t really an asking price
Banda's Head of Private Clients shares her take on 'an increasingly frustrating aspect' of the prime & super-prime rental market.
UK Sotheby’s lays claim to 88% of PCL’s £15mn-plus market
Luxury brokerage reports Q3 sales stats - including some eye-catching claims about its dominance at the top of the market.
‘There is a tangible value shift’: Alexander Lewis on Lancaster Gate’s coming of age
Development & investment guru explores how a wave of projects is transforming a long-overlooked corner of W2.
‘Selling Sunset’ brokerage sets sights on Dubai
Oppenheim Group lines up 7,000 sq ft base, with plans to double its agent team - and make Dubai its biggest office globally.
LATEST ARTICLES
UK Sotheby’s lays claim to 88% of PCL’s £15mn-plus market
Luxury brokerage reports Q3 sales stats - including some eye-catching claims about its dominance at the top of the market.
New figures reveal £541mn Stamp Duty slump after Reeves Budget
Knight Frank has been crunching the numbers ahead of John Healey's big speech, revealing a sizeable drop in high-end sales and the Treasury's tax take.
Groundhog Day: On Budget déjà vu & why London’s super-prime market refuses to roll over
Another Budget, another round of doom and gloom - but buying agency boss Richard Rogerson has been digging through the £10mn-plus sales figures, and London isn't quite as lifeless as some are saying.
In Pictures: 9,000 sq ft Kennedy-linked penthouse in South of France seeks $45mn
Caudwell debuts Invisible Collection-designed residence at Le Provençal, one of the biggest apartment launches on the French Riviera this year.
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes.