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House prices rise at fastest rate since 2022


By Dan McGrath

UK house prices have increased by 3.7% year-on-year in November, jumping from a growth of 2.4% in October, Nationwide has revealed.

The building society’s house price index found that this is the fastest increase since November 2022


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Offa acquires Bank of Ireland’s Sharia-compliant home finance portfolio

Offa has acquired Bank of Ireland’s Alburaq Sharia-compliant home finance portfolio, which includes more than 350 home purchase plans

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Robert Sinclair to step down from Association of Mortgage Intermediaries

The Association of Mortgage Intermediaries (AMI) has appointed Stephanie Charman as successor to Robert Sinclair as chief executive of the trade body.

Charman will join the AMI from her current role as group partnerships and propositions director at Sesame Bankhall Group, after spending over seven years with the business

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Norton Broker Services added to finova’s mortgage club lending panel

finova Broker has added Norton Broker Services to its payment and mortgage services’ lending panel as a preferred packager

Mortgage approvals hit highest level in two years – BoE

Net mortgage approvals for house purchases increased to 68,300 in October, the highest level in over two years, new Bank of England (BoE) data has shown

UK savers missing out on £12.5bn in savings interest

UK savers are missing out on £12.5bn in interest by keeping cash in current accounts that pay little or no interest, Atom bank has found
One million over-45s heading for retirement with no cash savings

Over one million people over the age of 45 are heading towards retirement with zero cash savings, new research by Fair4All Finance has warned

Home affordability improves as house price to earnings ratio eases

Affordability in the housing market is improving from a combination of modest house price inflation and strong wage growth, new analysis by Halifax has highlighted

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IHT receipts on course for fourth consecutive yearly high

Inheritance tax (IHT) receipts collected in the current financial year have reached £5bn, with HM Revenue and Customs (HMRC) set to break collection records for the fourth consecutive year

EV adds new IHT functionality to financial planning tool

Financial services technology provider, EV, has added a new inheritance tax (IHT) functionality to its end-to-end financial planning solution, EVPro

Surge in advice expected as one in 10 deaths set to trigger IHT charge by 2030

Wealth professionals are anticipating a surge in demand for financial advisers as almost one in 10 deaths are set to trigger an inheritance tax (IHT) charge by the end of the decade

IHT threshold freeze could cost families over £230,000

The freeze on inheritance tax (IHT) thresholds could cost families £234,000 over the total duration of the potential two-decade long nil rate band (NRB) freeze, up to the 2030 end date, AJ Bell has revealed

LiveMore calls for mortgage prisoner support following Govt report

LiveMore has called on the industry to support mortgage customers, after an All Party Parliamentary Group (APPG) published a report condemning the Financial Conduct Authority (FCA) on its handling of "mortgage prisoners"

‘Incompetent’ FCA slammed in Parliamentarian report

The Financial Conduct Authority (FCA) has been branded “incompetent at best, dishonest at worst” in a new Parliamentarian report

MBL fined £13m for fictitious trade failings

The Financial Conduct Authority (FCA) has fined Macquarie Bank Limited (MBL) £13m for serious failings that allowed one of its employees to record over 400 fictitious trades

FCA launches research competition to support economic growth

The Financial Conduct Authority (FCA) is launching a new competition to fund research into how regulation can support the economy’s growth

UK savers missing out on £12.5bn in savings interest

UK savers are missing out on £12.5bn in interest by keeping cash in current accounts that pay little or no interest, Atom bank has found

One million over-45s heading for retirement with no cash savings

Over one million people over the age of 45 are heading towards retirement with zero cash savings, new research by Fair4All Finance has warned

12% of UK adults now own cryptocurrency, research finds

The number of UK adults who own cryptocurrency has risen to 12%, new research published by the Financial Conduct Authority (FCA) has shown, up from 10% in previous findings

Brits have extra £1k in debt in 2024

Average individual debt has increased to over £5,300, an increase of £1,000 from the £4,300 owed in 2023, Tesco Bank found

Wednesbury Pension Scheme completes £43m buy-in with Just Group

The Wednesbury Pension Scheme has completed a £43m buy-in with Just Group

Over a third of over-55s won’t be able to afford desired retirement

Over a third (35%) of over-55s have said they do not believe they will be able to afford the retirement they want, Oxford Risk has found

National Grid pension scheme completes £1.7bn buy-in with Aviva

The National Grid Electricity Group part of the Electricity Supply Pension Scheme has completed a £1.7bn buy-in with Aviva

New Crown pension scheme completes £2.2m scheme buy-in with Just Group

The New Crown Motor Sales Limited Staff Pension Scheme has completed a £2.2m buy-in with Just Group, securing the benefits of 36 members

Offa acquires Bank of Ireland’s Sharia-compliant home finance portfolio

Offa has acquired Bank of Ireland’s Alburaq Sharia-compliant home finance portfolio, which includes more than 350 home purchase plans

MKC Wealth completes two IFA acquisitions

MKC Wealth has announced the double acquisition of IFA Warr & Co Independent Financial Advisers and Halstead Independent Financial Management

Inflation jumps to 2.3% in October

Inflation increased by 2.3% in the year to October, the sharpest monthly increase in two years

Succession Wealth acquires True Wealth Group

Succession Wealth has announced the acquisition of True Wealth Group, a financial planning and wealth management firm with £1.1bn in assets under advice

95% of advisers apologise for poor platform service in 2024

The vast majority of advisers (95%) have had to apologise to clients for poor platform service over the last year, with asset transfers a particular problem, new research from Parmenion has found

MPowered Mortgages launches AI chatbot to lenders

The parent company of mortgage lender MPowered Mortgages has made its AI chatbot available to a limited number of other lender partners

Defaqto launches new research tool for asset managers

Defaqto has launched a new analysis and research tool designed specifically for asset managers

Hope Macy announces Slick Solutions acquisition

Credit reference agency firm, Hope Macy, has completed a strategic acquisition for fintech loan firm, Slick Solutions

News in brief - 2 December 2024

Today's round up of developments coming out of the consumer finance space, featuring Paragon Bank, West One Loans and Clydesdale Bank

Norton Broker Services added to finova’s mortgage club lending panel

finova Broker has added Norton Broker Services to its payment and mortgage services’ lending panel as a preferred packager

News in brief - 29 November 2024

Today's round up of developments coming out of the consumer finance space, featuring Fleet Mortgages, Hinckley & Rugby Building Society and Zephyr Homeloans

News in brief – 28 November 2024

Today's round up of developments coming out of the consumer finance space, featuring Hodge, Hampshire Trust Bank, and Dudley Building Society

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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Intergenerational lending
MoneyAge News Editor, Michael Griffiths, hosts Family Building Society BDMs, Amar Mashru and Arif Kara, to discuss intergenerational lending and explore ways that buyers can use family income to help increase their borrowing capacity when applying for a mortgage

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