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LendInvest confirms largest securitisation to date worth £410m

By Michael Griffiths

01/12/2023

LendInvest has completed its fifth and largest securitisation of £410m worth of UK prime buy-to-let (BTL) mortgage loans.

The mortgage platform, and ultimate holding company of LendInvest BTL Limited, confirmed the completion of the oversubscribed residential mortgage backed security (RMBS) transaction, Mortimer BTL 2023-1

The seasonal estimate of UK residential transactions in October 2023 was 82,910, a 21% drop compared to last year, HMRC has revealed

Landlords rediscovering confidence in fixed rate mortgages

Remortgaging landlords are demonstrating a restored confidence in fixed rate mortgages, new research from Landbay has indicated

Advisers seek unified industry approach to attract future talent

More than four in every five financial advisers (84%) believe that a coordinated effort by trade bodies and financial services providers is needed to attract more advisers into the industry, new research has suggested

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Marginal increase in house prices in November, Nationwide HPI reveals

House prices have seen a further increase in November, rising by 0.2% month-on-month, Nationwide has found

Residential transactions drop by a fifth year-on-year, HMRC reports

The seasonal estimate of UK residential transactions in October 2023 was 82,910, a 21% drop compared to last year, HMRC has revealed

Landlords rediscovering confidence in fixed rate mortgages

Remortgaging landlords are demonstrating a restored confidence in fixed rate mortgages, new research from Landbay has indicated

Broker satisfaction with lenders dips slightly, study shows

Overall satisfaction with lenders among the mortgage broker community has fallen slightly, new research published by Smart Money People has revealed

OBR revises IHT forecast upwards following autumn statement

The Office for Budget Responsibility (OBR) has increased its estimates for inheritance tax (IHT) for the next six years following the autumn statement

HMRC’s IHT intake hits £4.6bn ahead of autumn statement

HMRC took in £4.6bn worth of inheritance tax (IHT) receipts in the period between April to the end of October this year, new figures have shown

IHT reform could pull 12,500 families out of paying, analysis shows

Inheritance tax (IHT) reform could prevent an estimated 12,500 families from paying the tax each year, new analysis from Quilter has indicated

IHT receipts climb to £3.9bn at financial year halfway point

The Government has now collected £3.9bn through inheritance tax (IHT) in the financial year so far, new figures published by HMRC have revealed. Covering the period from April up to September this year, IHT receipts are around £400m higher than they were over the same period last year

FCA fines three money transfer firms for breaking competition law

The Financial Conduct Authority (FCA) has fined three money transfer firms £150,000 collectively after they admitted to fixing prices charged to consumers in Glasgow

Govt’s pilot projects for digital homebuying solutions welcomed by OPDA

The Open Property Data Association (OPDA) has welcomed the Government launch of pilot projects to explore digital solutions that could improve the home buying and selling process

FCA bans pair from pensions advice

The Financial Conduct Authority (FCA) has banned Nigel Lewis and Susan Jones of West Wales Financial Services (WWFS), which is in liquidation, from advising customers on pension transfers and pension opt outs

FCA launches new measures in bid to minimise greenwashing

The Financial Conduct Authority (FCA) has announced a new package of measures to improve the transparency of sustainable investment products as the regulator looks to minimise greenwashing

Advisers seek unified industry approach to attract future talent

Bank of mum and dad provides £35bn to get family onto housing ladder

The bank of mum and dad has gifted more than £35bn to help their children and grandchildren get on the housing ladder, SunLife has found

Net mortgage approvals increase in October, BoE reports

The number of net mortgage approvals for house purchases increased from 43,700 in September to 47,400 in October, the Bank of England (BoE) has found

1.9 million over-50s would use equity release to help children, study shows

An estimated 1.9 million parents over the age of 50 either have or would consider taking out equity release to help their children get on the property ladder, according to research from financial services mutual, OneFamily

One third of pension savers want to consolidate pots

Almost one-third (31%) of pension savers have stated that they want to consolidate their pension pots, Hargreaves Lansdown (HL) has found

Three-quarters of savers would choose ‘pot for life’ pension

Over three-quarters (76%) of pension savers expressed that they would consider opting for the new ‘pot for life’ model, with just 5% of savers stating that they would not be interested in having their own pension into which employers can pay contributions, PensionBee has found

Opportunity for buyers as DB pension surplus growth continues

The aggregate funding position of FTSE 350 companies’ defined benefit (DB) has undergone a “complete reversal” over the past 18 months, Mercer’s latest Pensions Risk Survey data has found

Annuity rates continue to rise in Q3

Average annuity rates continued to rise in the UK in Q3, the Standard Life annuity rate tracker has found

Maven Capital Partners acquires Newable Ventures

Newable Ventures has been acquired by Maven Capital Partners for an undisclosed fee

LendInvest confirms largest securitisation to date worth £410m

LendInvest has completed its fifth and largest securitisation of £410m worth of UK prime buy-to-let (BTL) mortgage loans. The mortgage platform, and ultimate holding company of LendInvest BTL Limited, confirmed the completion of the oversubscribed residential mortgage backed security (RMBS) transaction, Mortimer BTL 2023-1

Wealth-tech platform Prosper opens crowdfunding to public

Wealth-tech platform Prosper has opened its crowdfunding round to the public, in partnership with Crowdcube

Funding Circle announces lending partnership with Atom bank

Funding Circle has announced a new lending partnership with the UK’s first app-based bank, Atom bank, in what will provide up to £150m of funding to small businesses

SmartSearch retains ‘Great Place to Work’ certification

SmartSearch has successfully retained its full ‘Great Place to Work' accreditation, certifying the firm as one of the country’s top employers and workplaces

7IM and Aveni.ai launch new AI partnership

AI fintech firm Aveni.ai the has been selected by wealth and investment management business 7IM as a strategic AI partner

OMS and TMG Mortgage Network extend tech agreement

One Mortgage System (OMS) has extended its tech contract with TMG Mortgage Network for another five years

Norton Broker Services announces partnership with L&G Ignite

Norton Broker Services has partnered with the free and integrated mortgage research and product sourcing platform, Legal & General (L&G) Ignite

News in brief - 1 December 2023

Today's round up of developments coming out of the consumer finance space, featuring Hampshire Bank Trust, Fleet Mortgages and CHL Mortgages

News in brief - 30 November 2023

Today's round up of developments coming out of the consumer finance space, featuring Loughborough Building Society, Paragon Bank and Foundation Home Loans

Paradigm Protect adds Bupa to PMI panel

Paradigm Protect has added Bupa to its private medical insurance (PMI) panel, allowing member firms full access to Bupa’s personal insurance products

News in brief - 29 November 2023

Today's round up of developments coming out of the consumer finance space, featuring Alternative Bridging, Tatton and Gatehouse Bank

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Consumer Duty and business levels top yearly cherry forum topics

Consumer Duty, attracting new business on social media and business levels for brokers were the top three most talked about topics this year on cherry’s adviser forum

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