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Housing affordability ‘stretched’ but ‘gradually improving’, Nationwide says


By Dan McGrath

Housing affordability in the UK has made a "modest improvement" over the past year but remains "stretched" by historic standards, Nationwide has found.

The building society revealed in its latest housing affordability report that a prospective buyer earning the average UK income and buying a typical first-time buyer (FTB) property with a 20% deposit would have a monthly mortgage payment equivalent to 36% of their take-home pay


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Titan Wealth confirms Advisa Wealth acquisition

Titan Wealth has announced the acquisition of Jersey-based financial advisory firm, Advisa Wealth, subject to regulatory approval

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Paragon Bank posts growth in lending volumes

Paragon Bank has reported an “encouraging” start to its financial year after posting growth in new lending volumes

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IHT receipts continue to rise at the end of 2024

Inheritance tax (IHT) receipts collected by HM Revenue and Customs (HMRC) reached £6.3bn between April and December 2024, an increase of £600m on the same period in 2023

Quilter hits record core net inflows in 2024

Quilter has announced that it reached record core inflows in 2024, totalling £5.2bn

£8.6bn in BTL loans advanced in Q3 last year

A total 48,862 new buy-to-let (BTL) loans worth £8.6bn were advanced in the UK during Q3 last year, new figures released by UK Finance have revealed
Rockwool pension scheme completes £53m buy-in with Royal London

The Rockwool Limited Pension Scheme has completed a £53m full-scheme buy-in with Royal London

FCA finds ‘gaps’ in brokers’ money laundering defences

The Financial Conduct Authority (FCA) has called on wholesale brokers to enhance their risk awareness and training to guard against money laundering

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IHT receipts continue to rise at the end of 2024

Inheritance tax (IHT) receipts collected by HM Revenue and Customs (HMRC) reached £6.3bn between April and December 2024, an increase of £600m on the same period in 2023

Four in five AJ Bell customers concerned about further tax increases

Over four in five (83%) AJ Bell customers have stated that they are either very or somewhat concerned about tax increases from the new Labour Government in 2025

IHT receipts increase by 11% year-on-year

The amount of inheritance tax (IHT) receipts collected by HM Revenue and Customs reached £5.7bn between April and November, an 11% increase on the same period in 2023/24

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

FCA finds ‘gaps’ in brokers’ money laundering defences

The Financial Conduct Authority (FCA) has called on wholesale brokers to enhance their risk awareness and training to guard against money laundering

Over half of landlords put off improving to EPC C rating

Over half (58%) of landlords with properties rated below energy performance certificate (EPC) C rating are putting off work to bring their properties up to scratch, Landbay has found

Govt faces growing calls to reconsider IHT pension reforms

The Government is facing growing pressure to rethink its plans to bring pensions into the scope of inheritance tax (IHT), with a number of industry organisations calling for "fundamental" changes to the plans

Firms counting on Consumer Duty cuts to be ‘disappointed’ MorganAsh says

Firms hoping that the Government’s call to boost growth through regulatory reform will mean cuts to Consumer Duty will be "disappointed", MorganAsh has warned

Paragon Bank posts growth in lending volumes

Paragon Bank has reported an “encouraging” start to its financial year after posting growth in new lending volumes

Chancellor accelerates engagement with financial services leaders

The financial services sector is set to play a “key role” in designing a new growth and competitiveness strategy to boost the economy, the Treasury has announced

Three in five UK adults concerned over finances, report finds

Three in five UK adults (62%) are concerned or “very concerned” about their finances, a new report from Schroders Personal Wealth (SPW) has indicated

Over six million savings accounts could be over tax thresholds for interest

More than six million accounts could be at risk of breaching the personal savings allowance (PSA) and facing a tax bill, Shawbrook Bank has warned

Rockwool pension scheme completes £53m buy-in with Royal London

The Rockwool Limited Pension Scheme has completed a £53m full-scheme buy-in with Royal London

Raindrop reunites customers with £251m in lost pension pots in 2024

Raindrop has retrieved £251m in lost pension pots for customers in 2024, marking a 61% year-on-year increase from £156m in 2023

Pension contributions not top priority until savers reach 50s, study finds

Pension contributions are not a priority for pension savers until they reach their 50s, Standard Life has found

Holophane Retirement Benefits Scheme completes £24m buy-in with PIC

Holophane Retirement Benefits Scheme has completed a £24m buy-in with Pension Insurance Corporation (PIC), securing the pensions of 95 pensioners and dependants and 74 deferred scheme members

Titan Wealth confirms Advisa Wealth acquisition

Titan Wealth has announced the acquisition of Jersey-based financial advisory firm, Advisa Wealth, subject to regulatory approval

Quilter hits record core net inflows in 2024

Quilter has announced that it reached record core inflows in 2024, totalling £5.2bn

Pivotal Growth acquires Radcliffe & Newlands Mortgages

Pivotal Growth has announced a strategic move into the employee benefits sector with the acquisition of Radcliffe & Newlands Mortgages

Perspective Financial Group acquires five more firms in December

Perspective Financial Group has announced that it completed five acquisitions in December, taking the group’s total in 2024 alone to 29

Consumer Duty influencing advice practice, data suggests

Consumer Duty is having a major influence on advice practice, according to data published by the lang cat

One in four IFAs looking to introduce AI in 2025, study finds

Twenty-three per cent of independent financial advisers (IFAs) are planning to introduce AI tools into their services to clients within the next 12 months, according to a new survey from Opinium

Y3S partners with Sikoia to automate verification process

Fintech firm Sikoia has announced a new partnership with specialist loan brokerage, Y3S

The Tipton & Coseley Building Society integrates with Mast

The Tipton & Coseley Building Society has selected the Mast origination platform to power its mortgage operations

News in brief - 24 January 2025

Today's round up of developments coming out of the consumer finance space, featuring Countrywide Surveying Services, Rosemount Financial Solutions and Gatehouse Bank

MBE North 2025 announces keynote speaker

Mortgage Business Expo (MBE) has announced that deputy agent for the North West at the Bank of England, Ken Clark, will be its keynote speaker for MBE North 2025

News in brief - 23 January 2025

Today's round up of developments coming out of the consumer finance space, featuring Interbridge Mortgages, Mansfield Building Society and Target Group

Paradigm Protect launches partnership with First2Protect

Paradigm Protect, the directly authorised protection proposition from Paradigm Mortgage Solutions, has announced a new partnership with insurance solutions firm, First2Protect, for both household and buy-to-let (BTL) general insurance business (GI) business referrals

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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