New HMRC figures show that stamp duty rules designed to clamp down on buy-to-let landlords have landed ordinary homebuyers with unexpected tax bills totalling over £160m which have then had to be refunded, according to mutual insurer Royal London
The FCA has banned Adrian and Christine Whitehurst, former directors of debt management firm First Step Finance Limited (now dissolved), for dishonestly misappropriating client money. Over 4000 customers lost a total in excess of £6m as a result of their actions
Halifax has today (2 October) become the third lender in less than a week to increase the interest rates on its mortgage products. Its rates will increase by up to 0.2 percentage points, although for some products the rise will only be between 0.05 and 0.1 percentage points.