View more on these topics

Sales of “super-prime end” properties rose by half in 2018: Octane Capital

The number of residential property sales at the “super-prime end” of the market doubled in 2018, despite Brexit related uncertainty, according to HM Revenue & Customs.

The figures show that 300 homes priced at £10m and over were sold in 2017, an increase of 100 from the previous year.

One third of these homes sold in 2017 were bought by second home owners.

Furthermore, the data reveals that the number of second home buyers purchasing properties over £2m more than doubled from 800 in 2016, to 1,900 in 2017.

Meanwhile, the number of homes sold for more than £1m exceeded 20,000 for the first time in 2017.

Octane Capital chief executive Jonathan Samuels says: “The mainstream property market saw transaction levels tail off considerably following the EU referendum vote, but at the very top end of the market activity levels soared as ultra-wealthy opportunist buyers cashed in on rapidly softening prices.

“The weakness of sterling means a fair percentage of these buyers were almost certainly based overseas, as some of Britain’s wealthiest cities became a goldmine for foreign investors seeking a bargain.

“The fall in the pound more than compensated for the 3 per cent stamp duty surcharge on additional properties.”



Octane Capital appoints new business development manager

Bridging specialist Octane Capital has appointed Francesca Woodhouse as its new business development manager. Woodhouse joins from Avamore Capital, where she was a senior BDM. Prior to that she worked at Clydesdale for a decade in various roles, including credit analyst and private client specialist. Since its launch last May the lender has grown its initial […]


Octane Capital moves into mainstream lending

Bridging lender Octane Capital has passed its first £100m of completions, after launching last year. The specialist lender says its plans to take its “product-less” model mainstream, by offering finance on more vanilla deals. Octane has expanded rapidly since launching in May 2017. From a team of three it now has 14 employees, and says […]

NatWest increases mortgage rates

NatWest has increased rates on a number of its residential and buy-to-let mortgage deals. These changes affect both purchase and remortgage products in its core and semi-exclusive ranges. It has also introduced some new five-year residential mortgages in its semi-exclusive range. Some of the biggest increases are on its core residential range. Its five-year fix […]

In Focus image

In Focus — May 2015: private medical insurance market in Germany

Welcome to the latest edition of In Focus. In this issue, Jelf examines the private medical insurance market for employers with expatriate workforces in Germany. This includes the common challenges faced in sourcing appropriate coverage, along with a selection of available solutions. This will be of particular interest to HR/reward decision makers with employees based in Germany. It will assess the cultural norms, risks and backdrop that are relevant to organisations with expatriate staff in this location.


News and expert analysis straight to your inbox

Sign up