Latest News

Buy-to-let rates see quarterly fall of up to 4%

Buy-to-let rates see quarterly fall of up to 4%

The cost of most mainstream buy-to-let mortgages have seen further reductions over the past three months.

24 Nov 2016

Regulation not to blame for rigid underwriting, says Fluent

Regulation not to blame for rigid underwriting, says Fluent

Advisers should not accept lenders blaming regulation for the increasing numbers of mortgage cases that fall through at the underwriting stage, according to Fluent for Advisers’ COO, Tim Wheeldon.

24 Nov 2016

Housing starts at eight-year high: DCLG

Housing starts at eight-year high: DCLG

The latest house building figures from DCLG show housing starts are at their highest level in more than 8 years.

24 Nov 2016

Age Partnership's introducer scheme sees 88% growth

Age Partnership's introducer scheme sees 88% growth

Since the re-launch of Age Partnership’s Introducer scheme at the beginning of the year, it has seen 88% growth in the number of equity release referrals.

24 Nov 2016

Elevate to remain standalone platform, Standard Life confirms

Elevate to remain standalone platform, Standard Life confirms

Following adviser feedback, Standard Life has confirmed that Elevate will continue as a distinct platform proposition.

24 Nov 2016

Govt to close specialist pension schemes for overseas workers

Govt to close specialist pension schemes for overseas workers

The government has announced that it is closing specialist pension schemes, known as 'section 615 schemes', to new savings for those employed abroad.

24 Nov 2016

Mortgage approvals drop 10% in October: BBA

Mortgage approvals drop 10% in October: BBA

October house purchase approvals were 10% lower than in October 2015 and in the first ten months of 2016 were 4% lower than in the same period of 2015, according to the latest BBA high street banking statistics.

24 Nov 2016

Government scraps proposed Land Registry privatisation

Government scraps proposed Land Registry privatisation

The government has confirmed that, following a consultation, the Land Registry will remain in the public sector.

24 Nov 2016

LMS announces partnership with TSB

LMS announces partnership with TSB

LMS has announced a new partnership with TSB to provide conveyancing services including fees assisted remortgages.

24 Nov 2016

Bridging activity falls by 17.4% in Q3: ASTL

Bridging activity falls by 17.4% in Q3: ASTL

The value of bridging loans written fell in Q3, although the total amount written during the year has continued to rise significantly, according to the latest data survey of ASTL members.

24 Nov 2016

 

Budget 2016
Government introduces new tax avoidance penalties

Budget 2016
Government introduces new tax avoidance penalties

The government will introduce a new penalty for those who enable the use of a tax avoidance scheme that HMRC later challenges and defeats, Philip Hammond has announced.

23 Nov 2016

Budget 2016
Money Purchase Annual Allowance cut to £4,000

Budget 2016
Money Purchase Annual Allowance cut to £4,000

The government will cut the Money Purchase Annual Allowance from £10,000 to £4,000 for those who have used the pension freedoms.

23 Nov 2016

Budget 2016
Brexit to lower economic growth by 2.4%

Budget 2016
Brexit to lower economic growth by 2.4%

The OBR predicts potential economic growth to be 2.4 percentage points lower than would otherwise have been the case had the UK voted to remain in the European Union.

23 Nov 2016

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

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