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Budget 2016
NS&I to launch 2.2% savings bond

Budget 2016
NS&I to launch 2.2% savings bond

Chancellor Philip Hammond has announced the launch of a new savings bond through NS&I.

23 Nov 2016

Budget 2016
Insurance premium tax raised to 12%

Budget 2016
Insurance premium tax raised to 12%

The government has announced that it will raise insurance premium tax from 10% to 12% from next June in order to "fund spending commitments".

23 Nov 2016

Budget 2016
Government to scrap spring Budget from 2018

Budget 2016
Government to scrap spring Budget from 2018

At the Autumn Statement, Chancellor Philip Hammond announced that the government will move to a single major fiscal event each year.

23 Nov 2016

Budget 2016
Higher-rate tax threshold raised to £50,000

Budget 2016
Higher-rate tax threshold raised to £50,000

The government has confirmed plans to increase the tax-free personal allowance from £11,000 to £12,500 and raise the higher-rate threshold from £43,000 to £50,000 by the end of the current parliament.

23 Nov 2016

Budget 2016
Hammond pledges £2.3bn for 100,000 new homes

Budget 2016
Hammond pledges £2.3bn for 100,000 new homes

In today's Autumn Statement, Philip Hammond has pledged an extra £1.4bn to help build 40,000 new affordable homes.

23 Nov 2016

FTB lending at nine-year high in Scotland and Wales: CML

FTB lending at nine-year high in Scotland and Wales: CML

Homebuyer numbers saw strong quarterly increases across the UK in Q3, driven by lending to first-time buyers, according to the latest CML figures.

23 Nov 2016

MAB to launch specialist protection offering

MAB to launch specialist protection offering

Mortgage Advice Bureau has announced a new partnership with specialist protection firm Vita to create a ‘Gold Standard’ protection offering.

23 Nov 2016

LendInvest launches in Northern England

LendInvest launches in Northern England

LendInvest has launched into Northern England with the appointment of its first Business Development Manager based in Greater Manchester.

23 Nov 2016

Base rate cut prompts just 6% of borrowers to switch

Base rate cut prompts just 6% of borrowers to switch

Just 28% of British mortgage borrowers have ever switched provider in search of a better deal, according to research from online mortgage broker Trussle.

23 Nov 2016

Government reduces Lloyds stake to below 8%

Government reduces Lloyds stake to below 8%

The government has made further sales of its shares in Lloyds Banking Group, reducing its remaining shareholding to less than 8%.

22 Nov 2016

 

Chancellor warned against delaying LISA launch as appetite grows

Chancellor warned against delaying LISA launch as appetite grows

Investment firm True Potential says the Lifetime ISA must not be halted amid calls from the pensions industry to delay or abandon it.

22 Nov 2016

Leeds launches new fixed rate ISA at 1.01%

Leeds launches new fixed rate ISA at 1.01%

Leeds Building Society has launched a new one year fixed rate ISA at 1.01% which it says is currently the highest rate on a one year fixed rate ISA from a High Street provider.

22 Nov 2016

Fleet reveals further buy-to-let criteria changes

Fleet reveals further buy-to-let criteria changes

Fleet Mortgages has announced a number of further criteria changes following the launch of its new product range earlier this month.

22 Nov 2016

Rising inflation could halve £1m pension pot

Rising inflation could halve £1m pension pot

With inflation predicted to rise above its long term average rate in 2017, Investec Wealth & Investment is warning pension savers against overestimating the buying power of their future retirement pot.

22 Nov 2016

Property sales see 1% monthly rise: HMRC

Property sales see 1% monthly rise: HMRC

The number of residential property transactions increased by 1.0% between September and October, compared to a 4.3% drop the previous month, according to the latest HMRC statistics.

22 Nov 2016

SMP warns of post-Brexit housebuilding shortage

SMP warns of post-Brexit housebuilding shortage

The Society of Mortgage Professionals have expressed concern that the decision to leave could result in a "shortage of vital labour" in the house-building market.

22 Nov 2016

Bower Retirement enhances platform in rebrand

Bower Retirement enhances platform in rebrand

Bower Retirement has rebranded to focus on increased use of technology as the equity release market expands.

22 Nov 2016

NatWest replaces HTB range with new 95% LTVs

NatWest replaces HTB range with new 95% LTVs

NatWest Intermediary Solutions is launching two new 95% LTV purchase mortgages that will replace the current 95% LTV deals being offered as part of the Help to Buy: mortgage guarantee scheme, which is coming to a close at the end of the year.

22 Nov 2016

TMW cuts rates and offers free valuation across range

TMW cuts rates and offers free valuation across range

From tomorrow The Mortgage Works, the specialist Buy to Let arm of Nationwide Building Society, will be reducing rates on two-year fixed and tracker rates with a £1,995 fee.

21 Nov 2016

Precise and Crystal launch Right to Buy exclusive

Precise and Crystal launch Right to Buy exclusive

Precise Mortgages has teamed up with Crystal Specialist Finance to offer an exclusive Right to Buy product which features a valuation fee refund of up to £630.

21 Nov 2016

Newcastle Intermediaries increases maximum age to 80

Newcastle Intermediaries increases maximum age to 80

Newcastle Intermediaries has increased the maximum lending age for residential mortgages to 80 from 75, with buy-to-let applications continuing to have no maximum age limit at application or end date.

21 Nov 2016

BoE plans to restore FSCS deposit protection limit to £85,000

BoE plans to restore FSCS deposit protection limit to £85,000

The Bank of England's PRA is consulting on plans to restore the limit of protection provided by the FSCS to depositors of PRA-authorised firms from £75,000 to £85,000 on 30 January 2017.

21 Nov 2016

Building society mortgage approvals up 6% in Q3

Building society mortgage approvals up 6% in Q3

The Building Societies Association's mortgage lending and savings figures for Q3 show that lending by building societies continues to grow on an annual basis, maintaining their share of lending in a slowing mortgage market.

21 Nov 2016

Lack of conveyancers poses risk to equity release expansion

Lack of conveyancers poses risk to equity release expansion

Key Retirement is calling for more conveyancing firms to provide specialist equity release services to lenders in order to assist the growth of the market.

21 Nov 2016

Accord launches online offset mortgage accounts

Accord launches online offset mortgage accounts

Customers with an Accord offset mortgage can now manage their accounts online, giving them direct access to their balance and statements, plus enabling them to easily transfer money and set up standing orders. Customers will also be able to make deposits with a debit card.

21 Nov 2016

Mortgage regulation impeding access to finance: IMLA

Mortgage regulation impeding access to finance: IMLA

The Intermediary Mortgage Lenders Association has raised concerns that policymakers’ regulatory approach in the wake of the financial crisis has created a market that prioritises stability over popular access to mortgage finance.

21 Nov 2016

Vida Homeloans expands distribution through L&G

Vida Homeloans expands distribution through L&G

Following its recent launch to the UK mortgage market via 12 packagers, Vida Homeloans has today announced a further expansion of its distribution partners to include selected Legal & General Mortgage Club Key Partners and Nouveau members, Intrinsic, Sesame and SimplyBiz.

21 Nov 2016

Government looking to extend auto-enrolment to self-employed

Government looking to extend auto-enrolment to self-employed

Pensions minister, Richard Harrington, has announced the government will be undertaking a review of auto-enrolment and is considering ways to bring self employed workers and low earners into saving under the scheme.

21 Nov 2016

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