Latest News

99,000 mortgage approvals in January as market remains ‘relatively strong’ – BoE


By Michael Griffiths

There were 99,000 mortgage approvals in January, new Bank of England (BoE) figures have revealed, as the mortgage market remained “relatively strong” at the start of the year.

The total of mortgage approvals was a little lower than in December (102,800), but well above the monthly average in the six months to February 2020 (67,900)


Story 2

Govt to launch mortgage guarantee scheme in Budget

The Chancellor is to launch a UK mortgage guarantee scheme that will guarantee a portion of loans on homes in England worth up to £600,000, according to reports

Story 3

Banking Protocol prevents £45m of fraud in 2020

Staff working in bank, building society and post office branches stopped £45.3m of fraud through the Banking Protocol in 2020, according to new figures from UK Finance

Story 4

Firms need more assurance on data security to adopt open banking – YTS

Forty-two per cent of financial services businesses want better support and guidance on data security in relation to open banking, according to research from Yolt Technology Services (YTS)

Two in three who use financial advice share same adviser as parents

Two-thirds (67%) of people whose parents have a financial adviser also use the same adviser, according to new findings from Prudential UK

Tapered end to stamp duty holiday could bring £28bn to economy

The economy could benefit from a £28bn injection if the government “tapered off” the Stamp Duty Land Tax (SDLT) holiday rather than sticking to a hard stop, research has suggested
Molo Finance joins Legal & General Mortgage Club panel

Legal & General Mortgage Club has announced Molo Finance as the latest lender to join its panel

UTB launches new range of first-time buyer products

United Trust Bank (UTB) has launched a new range of residential mortgage products for first-time buyers

View More News

Categories

Tapered end to stamp duty holiday could bring £28bn to economy

The economy could benefit from a £28bn injection if the government “tapered off” the Stamp Duty Land Tax (SDLT) holiday rather than sticking to a hard stop, research has suggested

Stamp duty holiday fails to offset cost of rising house prices

Home movers in England and Wales are saving an average £11,566 as a result of the stamp duty holiday, according to figures published by Halifax

CGT receipts climb to ‘highest ever’ level ahead of rumoured Budget changes

Capital Gains Tax (CGT) receipts have reached their highest ever level at the tax year to date, new HMRC figures have revealed

IHT confusion risks gifting tax trap – Openwork

Parents and grandparents in the UK are risking tax bills by helping out their family financially, according to new research from Openwork

FCA censures Premier FX for ‘seriously misleading’ customers

The FCA has publicly censured Premier FX for failing to safeguard its customers’ money and for misuse of its payment accounts under the Payments Services Regulations

FCA clarifies guidance for firms on vulnerable customers

The FCA has published its final guidance for firms to improve the way the financial services industry treats vulnerable customers

FCA targeted by 80,000 email attacks a month

The FCA was targeted by almost a quarter of a million (238,711) malicious and unsolicited emails over the final three months of 2020

FCA secures restitution order against illegal deposit takers

The FCA has secured an interim restitution order of just over £676,000 against five of seven parties accused of taking deposits illegally

Two in three who use financial advice share same adviser as parents

Two-thirds (67%) of people whose parents have a financial adviser also use the same adviser, according to new findings from Prudential UK

Banking Protocol prevents £45m of fraud in 2020

Staff working in bank, building society and post office branches stopped £45.3m of fraud through the Banking Protocol in 2020, according to new figures from UK Finance

Air Group publishes latest ‘Temperature Check’ report for equity release market

Air Group has released its second half-year equity release provider ‘Temperature Check’ report, which focuses on a number of key service measures, as experienced by advisers

Older homeowners gift average £42,500 for house deposits in 2020

Older homeowners gifted an average £42,500 to younger relatives to help them get on or move up the property ladder in 2020, new data published by Key has revealed

Sunak to freeze pension lifetime allowance

The Chancellor is expected to announce a freeze in the lifetime allowance at £1,073,100 for the rest of this Parliament, according to reports

Drop in number of people claiming State Pension

The number of people receiving a State Pension fell by 1.6% in the year to August 2020, new figures published by the Department for Work and Pensions (DWP) have revealed

Govt allows public sector workers to pick pension after £17bn court defeat

Up to three million public sector workers affected by a Court of Appeal ruling which found that reforms to their pensions introduced in 2015 were discriminatory will now be able to choose between the old scheme and the reformed scheme, the Treasury has confirmed

DB pension deficit sits at £66bn at end of January

The accounting deficit of defined benefit (DB) pension schemes for the UK’s 350 largest listed companies reached £66bn at the end of January, new data from Mercer has revealed

BTL broker urges Chancellor to support landlords over new energy efficiency rules

Property Master has called on the Chancellor to use next week’s Budget to offer more support to landlords who are struggling to meet the cost of the government’s new energy efficiency rules

MFS secures new £200m funding line

Market Financial Solutions (MFS) has secured its second funding line in 2021 from a leading global hedge fund

No decrease in BTL purchases expected after stamp duty holiday

Mortgage advisers are expecting no decrease in buy-to-let (BTL) purchase activity once the stamp duty holiday comes to an end, according to new research by Pepper Money

Investment trusts outperforming funds in major sectors over last two decades

Investment trusts have outperformed funds in almost every major sector on an annualised basis over the last 10 and 20 years, findings from interactive investor have revealed

Firms need more assurance on data security to adopt open banking – YTS

Forty-two per cent of financial services businesses want better support and guidance on data security in relation to open banking, according to research from Yolt Technology Services (YTS)

Knowledge Bank and Iress create integrated product and criteria search system

Knowledge Bank and Iress have partnered to provide the UK’s first, fully-integrated product and criteria sourcing system

JIB appoints BEP Systems to provide new mortgage lending platform

Mortgage origination software house, BEP Systems, has been appointed by Jordan International Bank (JIB) to provide system solutions for its new mortgage and buy-to-let (BTL) lending platform

Mortgage Brain’s Lendex system rolled out to all advisers

Mortgage Brain has announced that its multi-lender application and submission gateway, Lendex, has been made available to all mortgage advisers following a successful pilot

Molo Finance joins Legal & General Mortgage Club panel

Legal & General Mortgage Club has announced Molo Finance as the latest lender to join its panel

UTB launches new range of first-time buyer products

United Trust Bank (UTB) has launched a new range of residential mortgage products for first-time buyers

Foundation Home Loans cuts residential and BTL rates

Foundation Home Loans has announced it is cutting rates across several products within both its residential and buy-to-let (BTL) ranges

Just Mortgages recruits brokers for latest academy

Just Mortgages has announced it is making further recruitments into its academy for brokers

BLOG: Customised Accounts – Making Private Equity Bespoke

Neuberger Berman’s Joana Rocha Scaff discusses the key advantages of tailoring bespoke custom accounts for clients in the private equity market

BLOG: Skipton Building Society for Intermediaries

Skipton discusses its ‘Making Things Easier for You’ initiative

BLOG: Why life expectancy matters when planning your retirement

When you start planning your retirement, it may be the lifestyle you’re focused on. But if you don’t include life expectancy there’s a risk you could spend too much too soon

BLOG: A holistic approach

VitalityLife is delighted to have won the ‘Best Life Assurance’ award at the Mortgage Awards 2020

Latest videos

View More Videos

FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.


© 2019 Perspective Publishing     Privacy & Cookies