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Molo has reduced buy-to-let (BTL) rates by 12 basis points (bps) across its standard and specialist product ranges. The reduced rates are available for UK residents only. Two-year fixed rates across standard BTL now start from 3.09%, and five-year fixed rates start from 4.87%. Specialist BTL rates, which include holiday lets, houses in multiple…
Corn is trading with Thursday morning losses of 3 to 4 cents. Futures closed the Wednesday session with contracts down 18 to 20 ½ cents in through next July, with deferreds up 4 to 11 ½ cents. Open interest was up just 199 contracts. Spillover gains from wheat and increasing Black Sea strikes was supportive….
Merchants and partners using the Maverick Payments platform can now access Findustry AI’s Chargeback Agent to automate the dispute workflow, the companies said in a Thursday (Aug. 13) press release emailed to PYMNTS. This capability is enabled by a new integration of Chargeback Agent into Maverick’s full white label, unified payments platform, according to the…
Billionaire Ken Griffin just parted ways with his last remaining retail property on Worth Avenue in Palm Beach, Fla., Commercial Observer has learned. Blackstone Real Estate has agreed to acquire the three-story office and retail building at 125 Worth Avenue, owned by Griffin since 2023, for $86 million in an all-cash deal, sources familiar with…
It seems as though rapper Drake is in the market for a new house—but it won’t be one that he lives in himself. Having earned viral acclaim in 2017 when he revealed he had bought a collection of Hermes Birkin bags for his future wife, the musician has now stepped up his marital gift-giving to…
After years of being told to spend our pensions last because they could be handed down free of inheritance tax, a new rule coming in from next April flips that guidance on its head. From 6 April, 2027, most unspent pensions passed on will be included in the estate for inheritance tax (IHT) purposes and…
Eliot Spitzer is putting the icing on the cake of his first Jersey City development with permanent financing. Spitzer Enterprises and partner Arden Group landed $109.5 million in debt from Northwestern Mutual for their multifamily property at 425 Summit Avenue, the Commercial Observer reported. The debt retires the construction loan for the 390-unit development in…
Two Harbors Investment Corp. (TWO) took its legal fight against the parent company of United Wholesale Mortgage (UWM) public Tuesday evening, calling the lender’s claims “baseless,” “frivolous” and “illogical.” It represents the first public comments by TWO since being sued by UWM Holdings Corp. (UWMC) on Monday, marking a new chapter in an ongoing corporate…
In real estate, we’re obsessed with the big numbers, what we “gross.” We talk about ‘GCI’ like it’s the only number that matters. We celebrate the $50 million year, the record-breaking penthouse sale, and the expansion into new markets (hello, California for SERHANT.!). But, after the 1099s are issued and the dust settles, a lot…
Australia’s corporate regulator has issued a fresh warning to retail investors after a review found online brokers are selling complex, high-risk products without properly explaining the dangers involved. The Australian Securities and Investments Commission (ASIC) examined nine brokers offering short-dated exchange traded options, futures, and fractional shares to everyday investors between March and June 2026….