A house in Mayfair that was sold for £19.175m in 2014 and put on the market this year at £25m has been sold - for just £15m.
Landlords association tells government to persuade banks to end practice by lenders representing 90% of market
Housing market affected by affordability, Brexit and uncertainty over interest rates
Banks became more cautious in mortgage lending in the third quarter of this year, and believe they will tolerate even less risk in the next three months.
UK Asset Resolution (UKAR), the holding company for Bradford & Bingley and Northern Rock, has sold a portfolio of equity release loans to Rothesay Life for £860m.
Banks remain "too big to fail" a decade on from Lehman Brothers' collapse, according to one of the world's main policy makers, sounding a warning days after Gordon Brown said the world is “in danger of sleepwalking" into a crisis.
Mark Carney says he set out to cabinet worst-case scenarios used in bank stress tests
Regulators overseeing Islamic banking must revise guidance on real estate exposures to align with the post-financial crisis capital rules of Basel III, a global industry body said on Sunday.
The UK looks set to face another 20 years of rock-bottom interest rates, Bank of England policymaker Ian McCafferty has said, a week after the central bank took its first steps in returning rates back to pre-financial crisis levels.
The Bank of England on Thursday raised its base rate for only the second time in a decade, inching it up from 0.5% to 0.75%. What impact will it have on your mortgage, savings and the property market?
The Bank of England has raised the interest rate for only the second time in a decade.
The rate has risen by a quarter of a percentage point, from 0.5% to 0.75% - the highest level since March 2009.
A leading bank has begun offering first-time buyers loans of 5.5 times their income – and they only need a tiny deposit
There has been a "significant" rise in homes being valued at less than what buyers have agreed to pay, the UK's largest mortgage advisers have said.
Mortgage restrictions could end reliance on property investment to drive economy
Interest rates might not rise next month after all, Mark Carney has said, surprising investors who were almost certain of a hike to 0.75pc.
Challenger bank OneSavings Bank has warned a cocktail of rising costs facing lenders could lead to higher UK mortgage rates, after warning investors its margins will deteriorate this year.
Lending for mortgages jumped in January by nearly a tenth, but borrowing by businesses to invest dropped back amid Brexit uncertainty, according to official figures that paint a “sluggish” picture of the UK economy.
Challenger bank Paragon has grown its lending by more than half in the space of a year despite a Government crackdown on its core buy-to-let mortgages market.
Global banking rules designed to prevent a repeat of the 2008 financial crisis have finally been agreed after a year-long deadlock.
The breakthrough was reached at a meeting of international financial regulators in Frankfurt today and updates the world’s financial rulebook, known as Basel III.
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