The Bank of England has launched a crackdown on buy-to-let mortgages as it braces for a wave of defaults in the face of the recession.
Threadneedle Street has warned banks that it intends to scrutinise risky areas more heavily given rising interest rates and a surge in inflation. Lending to landlords and small businesses is to face greater oversight.
Currently around £1tn is loaned to buy-to-let landlords.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
