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BTL loan advancements jump 39% in Q4, UK Finance finds


By Dan McGrath

The number of buy-to-let (BTL) mortgage loans advanced in the UK jumped by 39.2% in the last quarter of 2024 to 52,648, UK Finance has revealed.

In its latest BTL lending report, the trade association found that the value of these loans reached £9.6bn in this period, which is an annual increase of 47.2%


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Meridian Mortgages acquires William Lowden & Associates

Meridian Mortgages Group has acquired William Lowden & Associates, a Bedfordshire-based mortgage broker specialising in the new build sector

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TransUnion completes acquisition of Monevo

TransUnion has completed the acquisition of credit prequalification and distribution platform, Monevo, from Quint Group

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Monthly house price growth remains flat in March, Nationwide finds

UK house prices remained flat month-on-month in March ahead of the April stamp duty changes, Nationwide has revealed

Mortgage approvals slip in February ahead of stamp duty changes

Net mortgage approvals for house purchases fell by 600 in February to a total 65,500, new figures released by the Bank of England (BoE) have shown

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MagiClick renews partnership with Vida Bank

MagiClick has announced the renewal of its partnership with Vida Bank, following the implementation of a modern digital platform with the specialist mortgage bank
Wealthtime rebrands as The Quanta Group

Wealthtime has rebranded to The Quanta Group and become a fully integrated wealth manager, following its acquisition of Craven Street Wealth

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Quarter of ISA holders unaware of tax deadline

A quarter (24%) of ISA savers are not aware there is a tax deadline for their £20,000 ISA allowance, meaning some could be missing out on accruing tax-free interest on their savings, Charles Stanley has found

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Advisers see surge in IHT advice demand, Downing finds

Advisers have reported a surge in demand for inheritance tax (IHT) planning advice, with new clients accounting for most of the enquiries, research by Downing has found

IHT receipts hit new annual record a month early

The amount of inheritance tax (IHT) collected by HMRC has reached £7.6bn in the 11 months to February, surpassing the annual record with a month to spare. HMRC took the previous annual record last year, when IHT receipts totalled £7.5bn across the full 2023/24 financial year

Amount of additional rate taxpayers up 9.5%, HMRC reveals

The number of additional rate taxpayers increased by 9.5% between 2021/22 and 2022/23, HM Revenue and Customs (HMRC) has revealed

HNWIs voice concern around Labour’s tax policy

Eight in ten (83%) high net worth individuals (HNWIs) are expecting taxes to rise further in the next 12 months, a new study by Saltus has indicated

PRA proposes raise to FSCS deposit protection limit

The Prudential Regulation Authority (PRA) has proposed an increase to the deposit protection limit of the Financial Services Compensation Scheme (FSCS), from £85,000 to £110,000

UK 2025 growth estimate halved to 1%, Chancellor reveals

Growth estimates for the UK in 2025 have been halved to 1% by the Office for Budget Responsibility (OBR), the Chancellor of the Exchequer, Rachel Reeves, has announced in the Spring Statement

FCA outlines action plan on Consumer Duty rule review

The Financial Conduct Authority (FCA) has launched an action plan in which it has outlined proposals to review its expectations for mortgages and lending, and explore how it can simplify communications about savings accounts

FCA to scrutinise fair value of pure protection market

The Financial Conduct Authority (FCA) has launched a market study into how well the distribution of pure protection insurance policies is working for customers

17% of UK adults unaware of stocks and shares ISAs

Almost one in five (17%) UK adults have "never heard" of a stocks and shares ISA, while 25% of those who have heard of the investment product don’t know anything about it, The Investment Association has revealed

UK inflation falls to 2.8% in February

The rate of inflation in the UK slowed to 2.8% in the 12 months to February, the Office for National Statistics (ONS) has revealed. This compares to consumer price index (CPI) inflation totalling 3% in the year to January

Savers ‘increasingly’ switching cash to fixed rate accounts

Savers are increasingly switching cash from instant access and notice accounts to fixed rate accounts in the expectation of more Bank of England (BoE) base rate cuts, Investec Save has found

Cash ISA changes wouldn’t tempt stock market investment, study finds

One in every five cash ISA savers (20%) would switch to investing in the UK stock market if the cash ISA allowance was to be reduced or abolished

Anglo American completes combined £785m buy-in with L&G

Anglo American Services (UK) has completed a £785m combined buy-in with Legal & General Assurance Society (L&G) for three of its defined benefit (DB) schemes

Church of Scotland Pension Trustees completes £75m buy-in with Just Group

The Church of Scotland Pension Trustees has completed a £75m multi-scheme buy-in with Just Group, insuring the benefits of 1,500 pensioner and dependant members and 850 deferred members

Standard Life launches guaranteed lifetime income plan

Standard Life has furthered its strategic partnership with Fidelity International by launching the guaranteed lifetime income plan

Fuller’s DB Pension Plan agrees full buy-in with L&G

The Fuller’s Defined Benefit (DB) Pension Plan has secured a full buy-in with Legal & General (L&G), following recent funding improvements

Meridian Mortgages acquires William Lowden & Associates

Meridian Mortgages Group has acquired William Lowden & Associates, a Bedfordshire-based mortgage broker specialising in the new build sector

TransUnion completes acquisition of Monevo

TransUnion has completed the acquisition of credit prequalification and distribution platform, Monevo, from Quint Group

Quarter of ISA holders unaware of tax deadline

A quarter (24%) of ISA savers are not aware there is a tax deadline for their £20,000 ISA allowance, meaning some could be missing out on accruing tax-free interest on their savings, Charles Stanley has found

Wealthtime rebrands as The Quanta Group

Wealthtime has rebranded to The Quanta Group and become a fully integrated wealth manager, following its acquisition of Craven Street Wealth

Mortgage Brain adds Gatehouse Bank to tech platforms

Tech provider Mortgage Brain has added Gatehouse Bank to its Sourcing Brain and Criteria Brain platforms

Metro Bank announces new AI partnership with Covecta

Metro Bank has launched a new partnership with Covecta, an AI platform for financial services that will be deployed across its corporate and commercial credit businesses

Octopus Money and Aveni launch new AI partnership

Octopus Money has launched a new partnership with Aveni.ai which will see the firm adopt Aveni’s AI solutions across its adviser and coaching teams

Nivo launches AI-powered assistant for specialist lenders

Nivo has launched an AI-powered product that aims to help specialist lenders grow without hiring more people

MagiClick renews partnership with Vida Bank

MagiClick has announced the renewal of its partnership with Vida Bank, following the implementation of a modern digital platform with the specialist mortgage bank

News in brief - 2 April 2025

Today's round up of developments coming out of the consumer finance space, featuring Market Financial Solutions, Buckinghamshire Building Society and ModaMortgages

News in brief - 1 April 2025

Today's round up of developments coming out of the consumer finance space, featuring LiveMore, Gatehouse Bank and Black & White Bridging

Quilter adds Northern Ireland-based PHW Wealth Partners to advice network

Quilter Financial Planning has added the newly launched, Northern Ireland-based, PHW Wealth Partners to its advice network

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

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