Mortgage lending slumps as interest rates rise
The latest Bank of England data shows a sharp drop in mortgage lending and mortgage approvals in the aftermath of the short-lived mini-Budget.
Mortgage lending dips but approvals rise
The property market is "rife with nerves", says Knight Frank Finance after looking at the latest BoE mortgage numbers.
Mortgage approvals drop as higher interest rates start to bite
The number of home-buyer mortgage approvals has fallen below the pre-pandemic average, according to the Bank of England. “Higher interest rates are starting to bite," says Savills.
Mortgage lending rises back above pre-pandemic levels
Net borrowing of mortgage debt by individuals increased to £7.4bn in May from £4.2bn in April, according to the Bank of England's Money & Credit data. This is above the pre-pandemic average of £4.
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Daniel Daggers will discuss what international expansion means for brokerages at the Inman Connect Conference in New York this week; as his luxury-focused firm reports a 70% rise in US buyer searches.
‘For those who can filter out the noise of recent weeks, it’s actually a smart time to buy’: Opportunity knocks in ‘good value’ country markets
Those able to hold their nerve could capitalise on the current mood of uncertainty & high levels of quality stock, says agency.
Prime Central London prices down by over 20% since 2014
Latest figures show declines have ranged from -9.6% in Bayswater to -26.3% in Earls Court since the peak; market now an 'attractive value proposition', says major agency.
Regent’s Park trophy mansion reportedly finds a buyer at £139mn
One of London's biggest ever luxury home sales.
UAE developer brings on football icon as ‘brand adviser’
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Regent’s Park trophy mansion reportedly finds a buyer at £139mn
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