Bob Diamond will Undoubtedly Return to the London Property Market

The new Barclay’s chief, Bob Diamond, praised in finance circles for his ability to get things done despite his critics in Westminster, will be returning to London in the new year. One commentator once said about him, “Make no mistake, if Bob wants something done, he knows the people to do it. He has a […]

It Is Getting Harder For First Time Buyers

Mortgage lending fell sharply in July, fuelling concerns that Britain’s banks are turning away first time buyers and preventing a recovery in the property market. According to Bank of England figures net lending fell sharply from June’s £518m to £86m, the fourth-lowest monthly lending figure since records began in 1993. However this may lead to […]

Investment Banks Look to Capitalise on UK Lending Market

  Many of the world’s leading investment banks are examining re-entering the UK property lending market, to take advantage of the best and growing number of deals. Whilst Deutsche Bank has already begun to finance new deals, other big names such as Morgan Stanley and Societe Generale are looking at beginning lending again.  Societe Generale […]

Developers Seek To Raise Cash From The Wealthy

Property developers struggling to obtain financing from private banks and high street lenders are turning to wealthy individuals for loans, according to estate agent Knight Frank. Rich UK-based individuals are providing short term mezzanine and bridging finance for property developers by clubbing together, individually providing loans or investing in specialist funds, according to Knight Frank’s […]

Prices Fall, But Affordabilty Has Deteriorated!

According to the Times, it is harder now to get on the housing ladder that it was two years ago. In two years the deposit needed to acquire the £135,343 average priced flat nationally has grown by 124 per cent to £33,883, as a result of the higher deposits being demanded by banks more concerned […]

£1m plus mortgage?

According to the FT, multi-million pound mortgages from high street lenders are heading for extinction, mortgage brokers said yesterday, as banks impose tough new limits on how much they will lend, or charge steep arrangement fees of up to £40,000. Abbey, Nationwide, Chelsea and Intelligent Finance have all slashed the maximum amount they will lend […]