Main image: Mortgage approvals (seasonally adjusted), via the Bank of England
Mortgage lending climbs but new approvals dip
Total borrowing for house purchases has been rising since April 2024.
Unexpected dip for mortgage lending in November
Bank of England data show a decline in mortgage approvals as 2024 drew to a close.
By PrimeResi
Industry Reactions: Mortgage lending bounces back
Mortgage approvals were up 28% year-on-year in December, and the Bank of England thinks 'there is still optimism for further mortgage approval increases in the coming months, if bank rate cuts materialise.
By PrimeResi
Mortgage approvals rose again in October – BoE
'The mortgage sector is set for an extremely busy end to 2024 and an explosive start to 2025,' declares Alexander Hall chief Richard Merrett, in response to the latest Bank of England data.
By PrimeResi
Most read
Strutt & Parker strengthens super-prime lettings team
Long-established estate agency brings in lettings specialist Minnie Stainrod from UK Sotheby’s International Realty as part of new growth phase.
Interview: New UK Sotheby’s International Realty MD Alex Isidro on what’s next for the luxury brokerage
PrimeResi quizzes the high-profile real estate agency's recently-appointed boss about bumper sales figures, brand-building, and why this business is 'all about people, not property'.
£22mn penthouse sold in £50mn deal spree at top-end Kensington scheme
Lodha confirms launch date for next sales phase at Holland Park Gate following another run of big-ticket transactions.
Paperwork, penalties & PRS pain: What can we expect from Westminster’s new selective licensing regime?
As applications open, lawyers Emma Chadwick & Stephen Burke run through the background, practicalities & implications of the borough's latest policy - and what landlords & agents need to be actioning now.
London Square gears up to launch sales at landmark heritage conversion project
Ambitious transformation of former Surrey County Council HQ is to deliver 264 new homes, with completion set for 2027.
Developer secures financing for Marylebone townhouse transformation
Consented plans allow the former HMO to be reinstated as a single grand residence.
By PrimeResi
Seven key themes in the global branded residences sector
From standalone towers to wellness-led living, these are the big trends shaping luxury branded residences worldwide.
Ex-Cushman & Wakefield partners launch real estate advisory firm
Rufus Morgan, Lewis Smith & James Woolley have teamed up on the new venture, Medbourne, which will specialise in the UK Living Markets.
Influential committee calls for ‘major reform of the whole property tax system’
'The case for major reform of the whole property tax system – from Stamp Duty Land Tax to Inheritance Tax to Council Tax and VAT – is almost unarguable,' says Sir Vince Cable.
By PrimeResi
Luxury developer Amara Property adds Sales & Acquisitions Director
Warren Leader has joined Rutu Buddhdev's team.
By PrimeResi
LATEST ARTICLES
‘Landmark’ townhouse sale concluded in Chelsea
'Discerning buyers are focusing on best-in-class assets', says agency, confirming sale of near-£28mn trophy home as part of £100mn deal run.
Qatari Diar tops £1.5bn sales mark at Chelsea Barracks
Momentum continues at the ultra-luxury Belgravia scheme despite wider market headwinds.
Talking Heads: How Artificial Intelligence is transforming the luxury property industry
Luxury Property Forum members explore the opportunities, challenges and game-changing realities of AI in the prime residential sector - featuring insights from top-flight brokers & estates agency leaders,…
By PrimeResi
London brokerage recruits former Savills agent to lead ‘quality-driven expansion’
Sean Tully has joined Sean Barrett's The Agency Group as Director of Growth & Recruitment.
By PrimeResi
Fine & Country expands in Cornwall
John Holman & Mark Willson have taken on the estate agency brand's Mid West Cornwall license.
By PrimeResi