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Hong Kong-based philanthropist and entrepreneur Yana Peel has been appointed chief executive of the Serpentine Galleries in London. The [Serpentine's] trustees took the unusual decision to choose a fellow trustee to fill the new post. Julia Peyton-Jones, who put the institution on the international map, is stepping down as co-director this month after 25 years at the helm.
Peel will work in partnership with Hans Ulrich Obrist...[who] takes on the new role of artistic director.
— The Art Newspaper
More on Archinect:After 25 years, Serpentine co-director Julia Peyton-Jones is leavingThe Serpentine Pavilions from the past: Where are they now?BIG to design 2016 Serpentine Pavilion, alongside smaller "Summer Houses" by Kunlé Adeyemi, Barkow Leibinger, Yona Friedman and Asif Kahn View full entry
Buy-to-let landlords should face new limits on the amount they can borrow, the Bank of England has proposed.
It suggested that lenders should be much stricter when deciding whether or not to grant landlords a mortgage.
Instead of just taking their rental income into account, the Bank wants lenders to look at their wider financial situation as well.
If adopted, the new rules could reduce lending to landlords by up to 20% over the next three years.
— BBC
According to the Prudential Regulation Authority (PRA), the newly-proposed standards should "curtail inappropriate lending, and the potential for excessive credit losses."The new strictures would take into account the costs a landlord accrues in order to rent a property, tax liabilities associated... View full entry
