MoneyAge - Home

Latest News

AMI and IMLA issue warning ahead of stamp duty deadline

By Michael Griffiths

17/01/2025

Two of the mortgage industry’s trade bodies are urging brokers and lenders to manage borrower expectations ahead of the approaching stamp duty deadline.

The Association of Mortgage Intermediaries (AMI) and the Intermediary Mortgage Lenders Association (IMLA) suggested that there has been an uptick in first-time buyer demand since last October’s Budget, exacerbating an “inevitable bottleneck” as April approaches

The UK’s rate of inflation slowed to 2.5% in the year to December, according to the latest figures published by the Office for National Statistics (ONS)

Holophane Retirement Benefits Scheme completes £24m buy-in with PIC

Holophane Retirement Benefits Scheme has completed a £24m buy-in with Pension Insurance Corporation (PIC), securing the pensions of 95 pensioners and dependants and 74 deferred scheme members

Pivotal Growth acquires protection broker in Northern Ireland

Pivotal Growth has announced the acquisition of Business Protection Solutions (BPS), a protection insurance broker based in Northern Ireland

UK house price growth jumps to 3.3% – ONS

The average UK house price climbed by 3.3% in the year to November, the latest UK House Price Index from the Office for National Statistics (ONS) has shown

View More News

AMI and IMLA issue warning ahead of stamp duty deadline

Two of the mortgage industry’s trade bodies are urging brokers and lenders to manage borrower expectations ahead of the approaching stamp duty deadline. The Association of Mortgage Intermediaries (AMI) and the Intermediary Mortgage Lenders Association (IMLA) suggested that there has been an uptick in first-time buyer demand since last October’s Budget, exacerbating an “inevitable bottleneck” as April approaches

UK house price growth jumps to 3.3% – ONS

The average UK house price climbed by 3.3% in the year to November, the latest UK House Price Index from the Office for National Statistics (ONS) has shown

New possession grounds could assist landlords, Landbay finds

Two in five (40%) landlords believe that possession grounds proposed in the Renters Rights Bill could assist them going forward, Landbay has found

Share of incorporated portfolios more than doubles since 2020

The proportion of incorporated property held within portfolios of landlords who utilise companies has more than doubled since the first quarter of 2020, Paragon Bank has revealed

Four in five AJ Bell customers concerned about further tax increases

Over four in five (83%) AJ Bell customers have stated that they are either very or somewhat concerned about tax increases from the new Labour Government in 2025

IHT receipts increase by 11% year-on-year

The amount of inheritance tax (IHT) receipts collected by HM Revenue and Customs reached £5.7bn between April and November, an 11% increase on the same period in 2023/24

IHT receipts on course for fourth consecutive yearly high

Inheritance tax (IHT) receipts collected in the current financial year have reached £5bn, with HM Revenue and Customs (HMRC) set to break collection records for the fourth consecutive year

EV adds new IHT functionality to financial planning tool

Financial services technology provider, EV, has added a new inheritance tax (IHT) functionality to its end-to-end financial planning solution, EVPro

Prolonged probate cases increase 134% over three years

The number of probate cases taking over a year to be granted increased by 134% between 2020 and 2023, Quilter has found

FCA fines broker £289k for financial crime failings

The Financial Conduct Authority (FCA) has fined interdealer broker Arian Financial £289,000 for failing to have effective controls against financial crime

Treasury Select Committee announces LISA review

The Treasury Select Committee has called on evidence to examine whether the lifetime ISA (LISA) is still an appropriate financial product

Former WealthTek principal partner pleads not guilty to criminal charges

Former WealthTek LLP principal partner, John Dance, has pleaded not guilty to nine criminal charges, including multiple counts of fraud and money laundering

UK inflation falls to 2.5% in December

The UK’s rate of inflation slowed to 2.5% in the year to December, according to the latest figures published by the Office for National Statistics (ONS)

Half of UK adults only have £250 saved for emergencies

Half of UK adults would admit that they only have £250 or less in savings dedicated to emergencies, Starling Bank has found

Struggling households brace for ‘perfect storm’ of New Year debt

Nationwide has urged individuals who are struggling financially to seek help as a “perfect storm of record New Year debt” is set to make January a difficult month for UK households

Homeowners ‘pessimistic’ over economy’s future, study finds

Homeowners and savers feel more pessimistic about the future of the economy and their own financial wellbeing, a survey by the Family Building Society has indicated

Holophane Retirement Benefits Scheme completes £24m buy-in with PIC

Holophane Retirement Benefits Scheme has completed a £24m buy-in with Pension Insurance Corporation (PIC), securing the pensions of 95 pensioners and dependants and 74 deferred scheme members

Compass Group Pension Plan completes £1.5bn buy-in with Standard Life

The Compass Group Pension Plan has secured a £1.5bn buy-in with Standard Life, covering the benefits of over 14,000 pensioner members and 11,000 deferred members

C&J Clark pension fund completes £540m buy-in with PIC

C&J Clark Pension Fund has completed a £540m buy-in with Pension Insurance Corporation (PIC), securing the pensions of almost 5,000 pensioners and dependants and over 3,000 deferred policyholders

Shop around to ensure higher incomes in retirement, Just Group says

Just Group has called on retirees to shop around for the best deals after analysis found that the least competitive deals are paying older buyers less than those five years ago

Söderberg & Partners announces more IFA investments in UK

Swedish wealth manager Söderberg & Partners has announced investments in three more UK-based IFA firms

GDP remains 'sluggish' in November

Gross domestic product (GDP) growth has been described as "sluggish" by AJ Bell, after it increased marginally by 0.1% in November

British Business Bank agrees £150m funding deal with Shawbrook

The British Business Bank has agreed a £150m funding deal with Shawbrook to increase the amount of development finance that the specialist bank can provide to smaller housebuilders in the UK. The transaction was made under the British Business Bank’s ENABLE Build programme

Mortgage searches increase 8% in 2024, Twenty7tec finds

The number of mortgage searches in 2024 increased year-on-year by 8%, analysis by Twenty7tec has found

One in four IFAs looking to introduce AI in 2025, study finds

Twenty-three per cent of independent financial advisers (IFAs) are planning to introduce AI tools into their services to clients within the next 12 months, according to a new survey from Opinium

Y3S partners with Sikoia to automate verification process

Fintech firm Sikoia has announced a new partnership with specialist loan brokerage, Y3S

The Tipton & Coseley Building Society integrates with Mast

The Tipton & Coseley Building Society has selected the Mast origination platform to power its mortgage operations

Compare the Market integrates Oakbrook and Finio Loans

Compare the Market has directly integrated Oakbrook and Finio Loans into its money eligibility platform and comparison service

News in brief - 17 January 2025

Today's round up of developments coming out of the consumer finance space, featuring conveybuddy, The Cambridge Building Society and Santander

News in brief - 16 January 2025

Today's round up of developments coming out of the consumer finance space, featuring Hope Capital, Foundation Home Loans and Atom bank

Market Financial Solutions joins Try Mortgage Network panel

Market Financial Solutions has joined Try Mortgage Network’s panel of lenders

FirstXtra Financial Services joins MAB

FirstXtra Financial Services has become the latest firm to join the mortgage intermediary and specialist network, Mortgage Advice Bureau (MAB)

BLOG: Expand the holistic solutions you can offer with Royal London Equity Release

Royal London Equity Release discusses the importance of holistic support for clients when it comes to later life lending

BLOG: The younger generation have spotted an alternative route into the housing market – and we should embrace it

Head of business development at Saffron for Intermediaries, Tony Hall, discusses how the younger generation can find their way onto the housing ladder

BLOG: Introducing eConveyancer+ | Raising the bar on communication

The latest MoneyAge blog explores eConveyancer+, a new standard in conveyancing designed to support brokers in delivering exceptional service with complete confidence

BLOG: What You Need to Know About Portfolio Landlords in 2024

Portfolio landlords – those with four or more properties - are the backbone of the private rented sector. Our latest report, Portfolio Landlord 2024, looked into who these landlords are, how they feel about their property business and their plans for expansion

Check out our latest advertorials

Later Life Lending

Introducing our Innovative Later Life Lending Navigator Tool

Reinventing retirement

Why Advisers may be missing out on Equity Release market opportunities

View More Advertorials

Latest videos

Video Info

Published on: 21/04/2023
Full Description

Preparing for Consumer Duty

Michael Griffiths speaks to head of public affairs at PIMFA, Simon Harrington, about how financial services firms are preparing for the FCA’s Consumer Duty regulation

Video Info

Published on:
Full Description

MoneyAge Welcome

MoneyAge Editor Adam Cadle discusses the brand and what is on offer

Video Info

Published on: 29/03/2018
Full Description

Specialist FTB and BTL markets

Adam Cadle talks to Vida Homeloans director of sales - mortgages Louisa Sedgwick about the specialist first time buyer and buy to let markets

View More Videos

The UK housing market in 2024

The performance of the UK housing market in 2024 has largely exceeded many people's expectations, although challenges remain for first-time buyers due to house prices increasing and a testing rental market for many. Regional disparities, such as the North-South divide, also continue to influence housing accessibility and affordability for many buyers in pockets of the country.

Intergenerational lending

MoneyAge News Editor, Michael Griffiths, hosts Family Building Society BDMs, Amar Mashru and Arif Kara, to discuss intergenerational lending and explore ways that buyers can use family income to help increase their borrowing capacity when applying for a mortgage

Helping landlords make their cash work harder

MoneyAge Editor, Adam Cadle, talks to Family Building Society BDMs, Arif Kara and Nathan Waller, about the resilient BTL market, the wide variety of landlords that Family Building Society caters for, and how niche products like an Offset mortgage can help improve cashflow.