HMRC estimated that raising the higher rate by 10 percentage points could cut receipts by £3.6bn in 2028-29.

The £25.9m facility was agreed at 75% LTV.

StreamBank’s new HNW Structured Finance offers loans of up to £5m for up to 60 months, for borrowers who need longer than bridging finance allows.

Investors buying through Upstix can now compare property investment funding against a specific listing before making an offer, with a Brickflow broker handling the deal.

The 60% LTV expat buy-to-let rate was 5.89% on 28 September, against 5.70% at 80% LTV.

The borrower repaid the £1.25m facility in full after refinancing through a long-term commercial mortgage.

The loan was secured at 11.41% LTV on a five-year fixed rate with no early repayment charges.

The proportion of price reductions taking an asking price below £2m nearly doubled after the Mansion Tax surcharge was announced.

Maslow’s AVM route covers loans of up to £1m, at up to 75% gross LTV for purchases and 60% for refinances.

London accounts for £450.9m of listings, 32.3% of the national total, with an average asking price of £2.36m.