Latest news

Here is a selection of Knight Frank Finance's most recent news stories and press coverage.

Base rate remains at 0.5%

Base rate set to celebrate one year at just 0.5%, but potential hikes edge closer - Knight Frank Finance comment on today’s Bank of England decision to keep the base rate on hold for the eleventh mon ... more »

Knight Frank Finance recruits more mortgage specialists 3rd February 2010

Simon Gammon, managing partner of Knight Frank Finance is pleased to announce that Matthew Connor and Katja Mills have joined the growing team of mortgage specialists at Knight Frank Finance. ... more »

Wealth Bulletin 27th January 2010

'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 agents Knight Frank.

Simon Gammon, managing partner at Knight Frank Finance, the mortgage advisory arm of the estate agent, said: "This is the first time we have seen this happening on a large scale. It can be a great investment for cash-rich individuals looking for a swift return which exceeds the UK base rate."

The Times, 27th January 2010

'I need a loan, what do you think these are worth' by Rebecca O'Connor

Simon Gammon of Knight Frank Finance, said: "If a buyer can use other assets in addition to the property as security, then he or she can end up effectively borrowing 100 per cent to buy, with the security split between assets."

The Sunday Times (Money), 8th November 2009

'Grab that cheap mortgage now. Rates may be as good as they get - if you make the grade' by Jennifer Hill.

Simon Gammon said "People who have never put a foot wrong are being rejected alongside those with a poor credit history, simply because they don't have enough track record of borrowing. Northern Rock says it's an active lender...'

Financial News, 2nd November 2009

'Top-end mortgages are strictly for VIPs' Only the wealthy elite can gain access to big loans in these straitened times, writes Tara Loader Wilkinson.

Simon Gammon said "For the right client, a private bank may offer a good interest rate of around 2%. But you have to be wealthy enough to put down a hefty deposit, have a spotless track record, have other interesting assets like trusts, businesses that may need selling in the future and money in deposit that may need managing - it is not enough to be rich."

The Times, 15th August 2009

'Mortgage lenders turn backs on those in 'risky' businesses of property and finance' by Rebecca O'Connor, Property Correspondent.

Simon Gammon, of Knight Frank Finance said: "The biggest hit has been for workers in the property industry. Next are investment bankers although it depends on which bank."

International Herald Tribune, 23rd July 2009

'London is stirring around' by Barbara Wall

Real estate agents say that the residential housing market is staging a convincing recovery in prime locations like London, but banks are still reluctant to lend. Simon Gammon, a managing partner at Knight Frank Finance, a real estate brokerage that deals in high end property, discussed the techniques that give wealthy clients an edge in the battle to secure financing for real estate purchases.

Mortgage Strategy, 29th June 2009

Tony Batchelder joins Knight Frank Finance

Tony Batchelder, former senior BDM at Halifax Intermediaries, has joined Knight Frank Finance as business planning manager.

Mortgage Strategy, 1st June 2009

'Legal and General in deal with Knight Frank Finance'

Legal & General has teamed up with Knight Frank Finance to provide protection to it's clients. Knight Frank has been a member of Legal & General's mortgage club since 2007.

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