Latest News

Housing demand reaches highest ever October level – NAEA Propertymark


By Michael Griffiths

The number of prospective home buyers reached an average of 451 per estate agent branch in October, according to data from NAEA Propertymark, the highest ever figure it has recorded for the month of October since records began.

NAEA Propertymark’s October Housing Market Report revealed that this figure had fallen from September, when housing demand was at its highest since August 2006 – with 525 prospective buyers per branch


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Help to Build scheme will be ‘major boost’ to custom build sector

The government’s Help to Build scheme will provide a major boost to the emerging custom build sector in the UK, according to BuildStore

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Nationwide expands access to 90% LTV products

Nationwide has announced it is making 90% LTV loans available for house purchase and for existing mortgage members looking to move home

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CA launches revised version of Cyberfraud and Fraud Protocol

The Conveyancing Association (CA) has launched a revised fifth version of its Cyberfraud and Fraud Protocol

Rising house prices affecting reliance on Bank of Mum and Dad

Increasing house prices may mean that the Bank of Mum and Dad can no longer bridge the affordability gap for first-time buyers, according to new research from Trussle

LiveMore partners with PRIMIS

LiveMore Capital has announced the launch of a partnership with PRIMIS Mortgage Network with immediate effect
Weekly mortgage search volumes drop 3.9% – Twenty7Tec

Weekly mortgage search volumes are currently at 83.89% of the year’s highest figure, down 3.9% on the week before, the latest data from Twenty7Tec has revealed

Just Mortgages receives 750 applications for broker academy

Just Mortgages has announced that it has received more than 750 applications for its broker academy

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Tax campaigner urges HMRC to address loan charge filing barriers

HMRC must address barriers that are stopping people from meeting their loan charge obligations, the Low Incomes Tax Reform Group (LITRG) has warned

LITRG ‘concerned’ that CGT review neglects unrepresented taxpayers

A review of the capital gains tax (CGT) regime by the Office of Tax Simplification (OTS) has failed to acknowledge how CGT affects unrepresented taxpayers, according to the Low Incomes Tax Reform Group (LITRG)

Stamp tax receipts remain flat in 2019/20 tax year

Land and property stamp tax (SDLT) receipts decreased by 3% between the 2018/2019 and 2019/2020 tax years, from £11.94bn to £11.6bn, according to HMRC’s latest UK Stamp Tax statistics

Half of UK want independent office to stop stamp duty overpayments

Fifty-two per cent of people in the UK think an independent office that audits stamp duty transactions should be set up to ensure that the right amount of tax is being paid, new research from Cornerstone Tax has revealed

FSCS raises levy costs to £92m

The Financial Services Compensation Scheme (FSCS) has announced that it will require £92m of additional funding in the form of a supplementary levy

FCA fines broker for market misconduct

The FCA has issued a £3.44m fine to FX options broker, TFS-ICAP, for communicating misleading information to clients

FCA confirms updated guidance for consumer credit customers

The FCA has confirmed the updated guidance it is providing firms about offering support to consumer credit customers who are experiencing payment difficulties resulting from COVID-19

DB transfer advice complaints on the rise

Consumer complaints against firms for misadvised defined benefit (DB) transfers saw a 26% increase from 441 in 2018 to 554 in 2019, according to research from Duff & Phelps

Industry reacts to Chancellor’s Spending Review

The Chancellor unveiled the government’s spending plans for the coming year in the House of Commons today

Advisers prioritising vulnerability but need help with identifying – more2life

Eighty-four per cent of equity release advisers believe recognising vulnerable clients is one of their biggest priorities, according to a new study by more2life, although just 12% believe it is easy to identify these clients

HMRC reveals 73% rise in phishing attacks

There have been 367,520 reports of phishing email attacks during 2020, according to HMRC, with figures indicating a sharp rise in incidents after the UK went into its first lockdown in March

Roma Finance added to Optimum Commercial’s panel

Optimum Commercial has announced the addition of Roma Finance to its new Optimum Elite panel

Rise in over-55s worried about retirement finances

The proportion of homeowners over the age of 55 who are worried about running out of money in retirement has jumped to 34%, up from 27% a year ago

£2.3bn withdrawn flexibly from pensions in Q3

A total of £2.3bn was withdrawn flexibly from pensions by 347,000 people during the third quarter of the year, new HMRC statistics have revealed

Housing equity can bridge pension gap – Key

Equity release adviser, Key, has highlighted the role of property wealth in bridging the pension gender gap, following research from Nest that revealed women could end up more than £70,000 worse off than men in retirement

AJ Bell warns that millions could face ‘retirement misery’

Investment platform, AJ Bell, has warned that millions of people could be sleepwalking into “retirement misery”

Aspen Bridging completes 10-day £750k loan

Aspen Bridging has announced the completion of a 10-day loan worth £750,000 at 75% LTV

UK investors worried about govt’s handling of pandemic

The majority of UK investors are worried the government’s handling of COVID-19 and Brexit will have a negative impact on the economy, according to new research from FJP Investment

Howsy study reveals best BTL rental threshold for landlords

The highest rental turnover that UK landlords should invest in the buy-to-let (BTL) market is in the £901 to £1,200 rental price threshold, according to new analysis by Howsy

Kuflink P2P platform approaches £95m

Kuflink has announced that its new investment levels have recovered to pre-pandemic levels as the platform approaches a new high of £95m

Terrafirma launches new climate-focused ground risk assessment

Terrafirma has announced the launch of a new risk assessment model, the National Ground Risk Model (NGRM): Climate

GHL Direct signs up for Click2Check’s Credit Assess solution

Click2Check has announced GHL Direct as the latest advisory firm to sign up for its Credit Assess product

Pandemic creates ‘window of opportunity’ for fraudsters – SmartSearch

The coronavirus pandemic has created a “window of opportunity” for fraudsters, according to anti-money laundering (AML) firm, SmartSearch

Cirencester Friendly adopts iPipeline’s AlphaTrust e-sign software

iPipeline has announced that Cirencester Friendly has adopted its AlphaTrust e-sign and document process automation solution

CA launches revised version of Cyberfraud and Fraud Protocol

The Conveyancing Association (CA) has launched a revised fifth version of its Cyberfraud and Fraud Protocol

Nationwide expands access to 90% LTV products

Nationwide has announced it is making 90% LTV loans available for house purchase and for existing mortgage members looking to move home

Business activity shows ‘no signs of slowing’ – SDL Surveying

SDL Surveying has announced that its level of business volume activity throughout October and November has shown “no signs of slowing”, despite increased lockdown measures

Lendlord launches new Finance Hub

Lendlord has announced the launch of its new Finance Hub to deliver automated finance recommendations to landlords, based on their own personal circumstances and portfolio profile

BLOG: The importance of the Cash ISA

Paragon’s Derek Sprawling explains why Cash ISAs should not be overlooked as part of a resilient portfolio

BLOG: Where to start with Mortgage Sourcing?

Mortgage Brain is the leading provider of technology to the mortgage industry, developing and delivering the best software solutions for mortgage intermediaries since 1986. Its suite of products provides advisers with an end-to-end journey from sourcing to conveyancing.

BLOG: Community banking – more vital than ever during these tough times

2020 has been a strange and at times painful year for millions of people across the UK. The coronavirus pandemic has impacted many people’s personal finances whilst also endangering people’s businesses and livelihoods

BLOG: Asset Management Innovation of the Year - BNP Paribas Asset Management

A round-up of why BNP Paribas Asset Management took home the award at this year's Asset Management Awards

Latest videos

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Mortgage Insider Episode 5: Surviving Ups And Downs In The Industry
Barclays brings you the Mortgage Insider podcast to help make sense of this extraordinary time. Presenters Claire MacPhail and Tony Rimmer talk to industry figures about the fast-changing market

Exploring EARTH
Adam Cadle speaks to Edward Lees, Co-head of environmental strategies group, BNP Paribas Asset Management, about the investment opportunity for the coming decades: the environment.

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