Mike Boles: Mortgage rates may be rising but borrowing remains attractive
As the cost of living rises at its fastest rate in 30 years and the Bank of England warns that inflation may hit 8 per cent, possibly higher, it’s unsurprising that interest rates are also edging upwards. SPF Private Office's Mike Boles explains what it means for borrowers…
Mike Boles is head of SPF Private Office offering advice on mortgages, insurance and wealth management to high-net-worth individuals and their families around the globe.
BoE considers withdrawal of mortgage affordability test, as rates set to rise
“Letting people borrow more money looks like a risky move at a time when house prices are sky high and the outlook is uncertain," comments one analyst as the Bank of England opens a consultation on loosening…
BoE raises interest rates to a 13-year high
The Bank of England expects interest rates to climb to around 2.5% by mid-2023.
Mortgage lending stays well-above pre-pandemic norms
The latest Bank of England data show a slight drop in mortgage approvals.
Companies in this article
SPF Private ClientsMost read
Knight Frank recruits Savills sales chief Kelly to lead London resi teams
Liza-Jane Kelly will join in September to run offices across the capital and grow the agency's new affiliate broker model.
By PrimeResi
London Square buys 800-home Earl’s Court scheme
Aldar-owned developer completes another significant resi acquisition in SW London.
By PrimeResi
Burnham’s rise revives the big property tax question
The former Manchester Mayor and Prime Ministerial hopeful has been a long-standing advocate of a Land Value Tax to replace Stamp Duty.
By PrimeResi
Dubai property developer named as prospective buyer of ‘£190mn’ London mansion
The FT cites 'people familiar with the matter' to identify the prospective new owner of The Holme in Regent's Park.
By PrimeResi
LonRes Awards 2026: The Winners
Updated with party pictures: 'Deals - and outstanding deals at that - are still being done,' says LonRes' Anthony Payne, as firms including Savills, Chestertons, DDRE Global, UK Sotheby's and Black Brick…
Property Industry Reactions: Starmer resigns, opening the door for a Burnham premiership
UPDATED: It's a 'double whammy,' says Becky Fatemi - 'uncertainty over future policy, followed by concern about the policies themselves.
By PrimeResi
Part-complete luxury resi project near Buckingham Palace offered for £35mn
Rare PCL development play 'ready for immediate start on site'.
Strutt & Parker recruits Knight Frank’s Glanville to lead prime cities push
BNP Paribas-backed agency steps up expansion across key regional markets.
‘Change’: Charles Curran on what a Burnham premiership could mean for London’s prime property market
'We see Mr Burnham as a negative for the Prime Central London property market for second home owners, foreign owners and landlords,' writes estate agency boss.
Knight Frank names first affiliate brokers after nearly 100 enquiries
The agency says the launch of its self-employed broker model has generated a 'hugely positive' response as wider growth plans target 36 London markets.
LATEST ARTICLES
Knight Frank names first affiliate brokers after nearly 100 enquiries
The agency says the launch of its self-employed broker model has generated a 'hugely positive' response as wider growth plans target 36 London markets.
First Look: Vabel unveils boutique Bayswater scheme as Queensway’s £3bn revamp gathers pace
The designer-developer has opened the doors to five show homes at Vabel Townhouse, with four more due to follow later this year.
‘The wealthy individual of 2026 is no longer selecting a single country’: Six trends shaping global wealth migration
An outflow of High New Worth Individuals from the UK is 'the canary in the mine' for economic policy, warns citizenship consultancy.
By PrimeResi
Crown Estate gears up for 30,000-home resi development drive
Landowner/developer reveals housing focus as new powers open door to more investment.
By PrimeResi
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes