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Property transactions jump 11.8% in December – HMRC


By Michael Griffiths

Residential property transactions in the UK climbed by 11.8% in the month of December, new figures published by HMRC have revealed.

HMRC’s provisional non-seasonally adjusted estimate sat at 113,470 for the month, a figure up on November but14.6% lower than in December 2020


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Just Group announces £345m full scheme buy-in

Just Group has completed a £345m full scheme buy-in with the trustee of a scheme sponsored by a global distribution company

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Estate agents report busiest December for house hunters

The average number of house hunters registered at estate agent branches was the highest December on record, data from NAEA Propertymark has revealed

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Record £4.4bn in equity released from property in 2021

Older homeowners released a record £4.4bn in property wealth last year, new data from Key has revealed

Number of people struggling with credit commitments doubles in pandemic

The number of people struggling to keep up with credit commitments has doubled since the start of the pandemic, according to new research from StepChange Debt Charity

Treasury announces plans to strengthen crypto advertisement rules

New plans to strengthen the rules around crypto advertisements and protect consumers from misleading claims have been published by the Treasury
CPI inflation hits 30-year high

UK inflation (Consumer Prices Index) has hit a 30-year high having risen by 5.4% in the 12 months to December, the Office for National Statistics (ONS) has announced

Barclays launches new green BTL mortgage range

Barclays has announced the launch of a new green buy-to-let (BTL) mortgage offering

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1.2 million people to be driven into higher income tax band

Government plans to freeze income tax thresholds will push more than 1.2 million workers’ earnings above the 40p threshold in the next four years, according to analysis by the House of Commons Library

Property makes up half of estates in London facing an IHT bill

Residential property in London makes up around half the value (49%) of all estates facing inheritance tax (IHT), a Freedom of Information (FOI) request by Just Group has found

Treasury declines OTS’ recommended IHT reforms

The Treasury has issued a letter to the Office of Tax Simplification (OTS) outlining that it won’t be reforming inheritance tax (IHT) along the lines of its recommendations

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

Mastercard fined £31m for prepaid cards market failings

Mastercard has been fined £31.6m by the Payment System Regulator (PSR) for infringing competition law

HSBC handed £63.9m fine for anti-money laundering failings

The FCA has fined HSBC £63.9m for failings in its anti-money laundering (AML) processes

NatWest fined £264.8m for money laundering failings

NatWest has been fined £264.8m by the FCA for failing to comply with money laundering regulations

FCA unveils plans to introduce new ‘consumer duty’

The FCA has announced new plans to ensure a more consistent standard of consumer protection for users of financial services and help to stop harm before it happens

Number of people struggling with credit commitments doubles in pandemic

The number of people struggling to keep up with credit commitments has doubled since the start of the pandemic, according to new research from StepChange Debt Charity

CPI inflation hits 30-year high

UK inflation (Consumer Prices Index) has hit a 30-year high having risen by 5.4% in the 12 months to December, the Office for National Statistics (ONS) has announced

Treasury announces plans to strengthen crypto advertisement rules

New plans to strengthen the rules around crypto advertisements and protect consumers from misleading claims have been published by the Treasury

UK firms fined £568m by FCA during 2021

FCA actions resulted in financial firms in the UK being fined £568m over the course of 2021, the regulator has revealed

Work and Pensions Committee report highlights lack of guidance for savers

The Work and Pensions Committee has proposed a series of reforms to improve government support for savers accessing their retirement pot

£42m repaid to overtaxed pension savers in Q4 2021

More than £42m was refunded in the fourth quarter of 2021 to savers who had been overtaxed on their pension freedoms withdrawals, new HMRC figures show

£1trn more wealth in pensions than in property

Adults in the UK have £1trn more wealth in pensions than they do in property, figures from the Office for National Statistics have suggested

Date set for second reading of AE private member’s bill

The private member’s bill that is seeking to outline the roadmap for the extension of auto-enrolment (AE) policy to low earners and those aged 18 and over has had a date set for its second reading

Just Group announces £345m full scheme buy-in

Just Group has completed a £345m full scheme buy-in with the trustee of a scheme sponsored by a global distribution company

Fiduciam secures £400m in new funding for 2022

Specialist short-term lender, Fiduciam, has secured £400m of new funding to be deployed in 2022

Sirius Property Finance and Miragon Investments complete £26m loan

Sirius Property Finance has partnered with Miragon Investments to complete a development loan with a gross development value (GDV) of £26m

15% of landlords unaware of upcoming EPC rule changes

One in seven (15%) landlords have no knowledge of the upcoming legislative changes to the Energy Performance Certificate (EPC), according to new research from Shawbrook Bank

Key tackles customer vulnerability with Aveni.ai partnership

Equity release adviser, Key, has announced a partnership with speech analytics platform, Aveni.ai, as it looks to build artificial intelligence (AI) into its offering

One Mortgage System announces partnership with Mortgage Brain

One Mortgage System (OMS) has become the first third-party system to integrate with Mortgage Brain’s multi-lender application and submission gateway, Submissions Brain

Twenty7Tec integrates with specialist lender Together

Twenty7Tec has announced it is integrating its CloudTwenty7 platform with specialist lender, Together

Pepper Money given approval for Optimum Credit integration

Pepper Money has been granted regulatory approval to complete its integration with Optimum Credit

PRIMIS Mortgage Network and TMA Club launch CeMAP courses

PRIMIS Mortgage Network and TMA Club have announced they will be offering a range of Certificate in Mortgage Advice and Practice (CeMAP) courses for aspiring mortgage advisers

Yorkshire Building Society confirms moves in line with BoE base rate

Yorkshire Building Society has announced it is adding 0.10% to its variable rate savings accounts following the recent Bank of England base rate increase

Barclays launches new green BTL mortgage range

Barclays has announced the launch of a new green buy-to-let (BTL) mortgage offering

Aspen Bridging completes £3.4m worth of loans in a day

Aspen Bridging has completed five loans with a combined total value of £3.4m in just one day

BLOG: Trusts for Vulnerable People

There are a number of reasons as to why you may wish to settle assets in trust, but one of the most prominent is to protect family wealth and to look after the long term interests of family members

BLOG: The changing face of credit: How BNPL usage across Generation X is accelerating

James Bradley, Director of Sales and Business Development for DivideBuy, discusses the rise of Buy Now Pay Later

BLOG: How the equity release sector is weathering the storm

Pure Retirement CEO, Paul Carter, discusses how the equity release sector weather the storm of challenges presented by the last couple of years

BLOG: Say hello to the future of mortgage lending 

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

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