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Robert Smith

ft.comUK
Interested in
Corporate DebtPrivate CapitalReal Estate FinanceFinancial Regulation
About

Robert Smith is corporate finance editor at the Financial Times, overseeing coverage of corporate debt, buyouts, private capital and the ways companies raise money. He brings that lens to real estate and credit markets, focusing on how complex financing structures, mortgage lending and investor protections interact around property-backed deals. His recent work traces the collapse of Market Financial Solutions and the consequences for borrowers, regulators and the wider bridging-loan sector.

Corporate finance and private capital

Smith oversees the Financial Times’ coverage of corporate debt, buyouts, private capital and anything else related to companies raising money. His remit includes the instruments and structures companies use to raise finance, from leveraged loans to private credit, and the investors who supply that capital. He works on the Due Diligence daily briefing, which focuses on corporate finance, mergers and acquisitions and private equity, giving readers a regular view of deal flow and risk in global capital markets.

Across this work, he treats financing as the core story rather than a background detail: who provides money, on what terms, and how those terms shape corporate behaviour. That perspective carries into his coverage of mortgage and real estate-linked lenders, where questions of debt, collateral and governance are central.

Market Financial Solutions and property-backed lending

A defining recent project is Smith’s series on Market Financial Solutions, a UK mortgage and bridging-loan provider that collapsed amid allegations of fraud. He has reported on the lifting of a travel ban on the company’s owner Paresh Raja, who had been prevented from leaving Dubai after administrators secured a worldwide asset freeze. In another article he details allegations that Raja “plundered” the business to fund a lavish lifestyle, with administrators claiming he extracted at least £1.3bn from the failed lender.

Smith follows the money into the real estate world, showing how vehicles controlled by Raja made loans in 2019 and 2020 to a property investment partnership tied to an accountant charged over alleged crime. He connects those loans, the bridge financing model and the collapse of MFS, giving a clear picture of how property-backed lending can expose investors and counterparties when governance fails. The cluster of MFS stories sits within a dedicated stream, underlining the depth of his reporting and his role in shaping the masthead’s coverage of this case.

Regulation, enforcement and investor protection

Smith’s reporting on MFS extends beyond the company itself to the response from regulators and courts. He has covered how the UK regulator opened a probe into the collapsed mortgage lender, highlighting concerns around its conduct and the implications for the wider market. His articles track legal measures including worldwide travel bans and asset freezes against Raja, explaining how administrators and courts seek to secure assets and protect creditors.

By returning to the story as new legal and regulatory steps emerge, Smith shows how enforcement unfolds over time in complex financial cases. For readers interested in real estate finance, his work maps the chain from aggressive lending and alleged misconduct through to formal investigations, court orders and attempts to recover funds. That focus on process and consequence is a hallmark of his coverage of credit markets more broadly.

Due Diligence and investigative briefings

Alongside news pieces, Smith contributes to and helps shape the Due Diligence briefing, described by the masthead as a must-read daily update on corporate finance, M&A and private equity. This format allows him to synthesise deal news, financing trends and emerging risks for a professional audience, often drawing out the implications of transactions for lenders, borrowers and investors. The same attention to structure and risk appears in his longer features on mortgage lending and property-backed finance, where he combines legal filings, administrator reports and interviews with people familiar with the situation to build a detailed narrative.

His body of work positions him at the intersection of corporate finance and real estate credit: he reports on companies raising money, the private capital that funds them, and the consequences when those structures fail, particularly in mortgage and bridging-loan markets. For stories involving debt, private capital or property-linked lending, his beat and recent coverage make him a natural point of interest.

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Alexandra Goss

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Alexandra Goss is an award-winning freelance property journalist who treats housing as both an asset class and the backdrop to people’s lives, using detailed case studies to show how money, family and lifestyle decisions meet. She writes regular features on buying, selling and living in homes for The Telegraph, and covers prime and super-prime real estate and its culture for outlets including the Financial Times, Spear’s and PrimeResi. A former deputy editor of The Sunday Times Home section, she reports on the UK housing market’s human impact, from divorce, later-life moves and intergenerational ties to the effects of mortgage rates, stamp duty, school fees and auctions. Her work blends narrative reporting, interviews and practical guides, giving readers clear context, concrete tips and insight into both mainstream and high-end property.

UK·Real Estate
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