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House price earnings ratio hits historic high in 2021


By Michael Griffiths

The UK’s house price to earnings ratio, used to measure housing affordability, reached a record national high of 8.8 times in June this year.

According to new analysis carried out by the Intermediary Mortgage Lenders Association (IMLA), this is up from the previous high of 8.7 times in August 2007


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Property transactions down 48.4% in October – HMRC

October saw a 48.4% fall in residential property transactions from September, according to new figures published by HMRC

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Trade bodies launch consumer guide for later life lending space

Several trade bodies from across the financial services sector have collectively launched a new consumer guide for the later life lending industry

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Allica Bank signs new £110m Series B funding round

Allica Bank has announced the signing of a new £110m Series B funding round

BLOG: Say hello to the future of mortgage lending 

Target Group opens up on how it became a National Credit Awards winner

Independent Wealth Planners acquires Premier Wealth Management

Independent Wealth Planners (IWP) has announced the acquisition of Premier Wealth Management
Green Finance Institute launches new green mortgage hub

The Green Finance Institute has announced the launch of a green mortgage hub

360 Dotnet and Twenty7Tec announce new integration

360 Dotnet has announced an integration with mortgage technology expert, Twenty7Tec

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Stamp duty tax receipts £4.1bn higher in 2021

The total number of tax receipts for stamp duty between April and October was £4.1bn higher compared to the same period last year, new HMRC figures have confirmed

IHT receipts received by HMRC on the rise

Receipts for inheritance tax (IHT) received by HMRC between April and October 2021 totalled £3.6bn, new figures have revealed

Advisers recommending business relief to mitigate IHT

Business relief (BR) is rising in popularity as a way for advisers to mitigate inheritance tax (IHT) for their clients, according to new research

Over-55s back ‘pre-inheritance’ tax incentives

Over-55s are increasingly supportive of giving ‘pre-inheritances’ to family as financial support is “more useful when relatives are younger”, new research from Key has suggested

Trade bodies launch consumer guide for later life lending space

Several trade bodies from across the financial services sector have collectively launched a new consumer guide for the later life lending industry

FCA plans ban on debt packager referral fees

The FCA has proposed banning debt packager firms from being paid to refer customers on to other firms

FCA fines broker for deficient anti-money laundering systems

The FCA has fined Sunrise Brokers £642,400 for serious financial crime control failings in relation to cum-ex trading

FSCS confirms latest levy of £717m for 2021/22

The Financial Services Compensation Scheme (FSCS) has announced that its total levy for the 2021/22 financial year is now £717m

Pandemic has altered 54% of UK adults’ retirement plans

The COVID-19 pandemic has affected the retirement plans of more than half (54%) of UK adults, according to new a study by Aviva

Majority of equity release customers will involve family in decision – Key

Sixty-four per cent of equity release customers consult their family before moving ahead with accessing the wealth in their property, according to new research carried out by Key

BNPL transactions climb 65% in pandemic

The value of transactions taking place via Buy Now Pay Later (BNPL) platforms has climbed 65% during the pandemic, hitting £6.4bn in 2020 alone, new figures have revealed

Just 7% of people have income protection, AMI report reveals

Only 7% of people currently have an income protection product in place, a new report from the Association of Mortgage Intermediaries (AMI) has revealed

Govt rejects House of Lords pension triple-lock vote

Proposals made in the House of Lords to retain the state pension triple-lock have been rejected by the House of Commons

One in three would rely on partner’s pension, study finds

Around one third of people would rely on their partner’s pension in retirement, according to a survey from Hargreaves Lansdown

DWP confirms new measures to stop pensions scams

New measures to protect pension savers and help stop scam transfers have now become law, the government has announced

House of Lords votes to retain pension triple-lock next year

The House of Lords has voted 220 to 178 in favour of retaining the state pension triple-lock next year

Allica Bank signs new £110m Series B funding round

Allica Bank has announced the signing of a new £110m Series B funding round

Recognise Bank completes £5m BTL refinancing deal

Recognise Bank has announced the completion of a £5m professional buy-to-let (PBTL) refinance deal on a large portfolio of properties

Lack of familiarity remains major barrier for sustainable investing, study finds

More than two in five (43%) independent financial advisers (IFAs) in the UK believe that the biggest barrier to recommending ESG investment options is their clients’ lack of familiarity with the concept, a new study by Foresight Group has found

Pepper Money announces largest second charge securitisation

Pepper Money has closed its largest second charge securitisation to date, the lender has confirmed

360 Dotnet and Twenty7Tec announce new integration

360 Dotnet has announced an integration with mortgage technology expert, Twenty7Tec

One Mortgage System announces API integration with Evolution Money

One Mortgage System (OMS) has completed a full application programming interface (API) integration with second charge mortgage lender, Evolution Money

UK Finance sets out new open banking payments strategy

UK Finance has outlined new recommendations for the future strategy of open banking payments

Regulated firms wasting hours checking documents, SmartSearch says

Regulated businesses in the financial services sector are wasting hours by processing physical documents for ID checks, according to new research from SmartSearch

Independent Wealth Planners acquires Premier Wealth Management

Independent Wealth Planners (IWP) has announced the acquisition of Premier Wealth Management

Newcastle Intermediaries updates self and custom-build offering

Newcastle Intermediaries has made updates to its self and custom-build proposition by extending the availability of the range and removing reservation fees

West One Loans announces BTL changes

West One Loans’ buy-to-let (BTL) division has reduced rates on its new green product range and limited edition loans as part of a range of product and criteria changes

The Nottingham cuts rates for both first-time buyers and landlords

The Nottingham has announced several rate reductions set to benefit brokers with first-time buyer and smaller deposit clients, as well as landlords

BLOG: Say hello to the future of mortgage lending 

Target Group opens up on how it became a National Credit Awards winner

BLOG: Fintech, the future of specialist underwriting and product choice for your client

Mark Whitear, Head of Commercial Development, Foundation Home Loans, discusses the role that fintech can play in the future of specialist underwriting

BLOG: Top 7 Reasons to Use a Mortgage Broker

Gerard Boon, Managing Partner at Boon Brokers, discusses his top reasons for why potential homebuyers should look to use a mortgage broker

BLOG: Making Net Zero an attainable goal for SMEs

Ralph Hora, Pemberton Head of Business Development for Germany, Austria and Switzerland (DACH) and Chair of the Pemberton ESG Working Group, explains Pemberton’s approach to Net Zero and how the firm works with its portfolio companies to mutual benefit

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