Mortgage borrowing continues to slide
Fresh data from UK Finance and the Bank of England shows a sharp decline in property lending.
Mortgage approvals have fallen by 26% in the last year
Mortgage lending has dropped to the lowest level on record, if the period since the onset of the Covid-19 pandemic is excluded.
Bridging loan activity surges 68% amidst mortgage market uncertainty
Increase in short-term property lending has been driven by demand from residential homeowners.
Mortgage lending falls again as the housing market ‘suffers a prolonged hangover from the mini-Budget’
'There remains a huge amount of nervousness among borrowers, who aren't sure which way mortgage rates are likely to move next,' comments Knight Frank Finance on the latest BoE mortgage lending data.
Most read
Fast-growing luxury agency recruits two new lettings directors
United Kingdom Sotheby’s International Realty continues expansion, bringing in PCL specialists Minnie Stainrod & Olivia McSweeney.
The Buying Solution names new chief
Will Watson takes the reins at the top-flight property buying agency.
Super-prime London agency takes on PR support to marshal Netflix fame
Alex Bourne's London House will feature alongside DDRE in 'Buying London', which airs on Netflix from 22nd May.
City law firm names new Head of Residential Property
Super-prime specialist Parveen Abbas has stepped up to lead the 257-year-old practice's resi real estate division.
Savills & Fuller Gilbert serve up £18mn mansion in Wimbledon
High-spec specimen on Parkside is 'one of the most prestigious houses to come to the market in recent years'
‘Iconic’ freehold block hits the market in Belgravia
'Exceptionally rare' proposition on Eaton Place is expected to attract global interest.
Luxury design firm targets ‘next gen wealth’ with new sister-brand
New offering from Taylor Howes is aimed at developers & private clients seeking a 'quick turnaround and affordability'.
Less is moored: RBKC takes action against Chelsea ‘mega-boats’
Council updates on long-running saga at Chelsea Reach.
Sales hit £1.2bn at Chelsea Barracks
Developer Qatari Diar is rolling out the next phase of the flagship PCL scheme.
Well-known property consultancies join forces
Naismiths & Edmond Shipway boost capacity for 'broader range of sizeable and intricate projects' with new strategic partnership.
LATEST ARTICLES
Fenton Whelan completes £500mn Park Modern scheme, pitching ‘the most outstanding luxury apartments in London’
Most units at the PLP-designed development overlooking Hyde Park have already been spoken for - but the £60mn marquee penthouse is among those still up for grabs.
£13.95mn price tag for rare specimen opposite Chelsea Physic Garden
Will this eight-bed Victorian townhouse on Cheyne Place catch the eye of a super-rich flower show-goer?
Ranked: Britain’s 50 wealthiest property tycoons
How did the UK’s biggest real estate players fare amid the ups and downs of the last 12 months?
Monday Market Review: Key figures & findings from the last seven days
Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from LonRes, Hamptons, Knight Frank, Benham & Reeves, Rightmove, CBRE & more...
Watchdog flags ‘risks’ in new Biodiversity Net Gain rules
The 'novel and complex' government scheme to promote nature within property developments was launched 'without having all elements in place to ensure its long-term success', warns the National Audit Office