Last week we published a paper on the treatment of vulnerable consumers. It is intended to contribute to a conversation that the industry, regulators and consumers need to have. One in eight people in the UK act as carers, the number of dementia patients is due to double over the next 40 years and someone […]
Brokers have urged major lenders to follow Virgin Money in making a financial commitment to maintaining service times.
Leaving the European Union would have serious implications for the UK mortgage industry
Last month, the EU finalised a raft of financial services regulation on what became known as super Tuesday. From Mifid II to an agreement on the eurozone’s banking union, Europe has changed the face of financial services. It will continue to do so. So where do the parties stand? Looking at their European election manifestos […]
Ahead of the Budget last week, the Financial Times reported George Osborne was considering a new stamp duty band of 2 per cent on homes worth between £250,000 and £300,000 due to concerns about the sharp jump from 1 per cent to 3 per cent at £250,000 leading to many homes being under-priced. Many in the […]
Brokers have raised concerns about changes to the way estate agents will be regulated and questioned whether a local authority has the necessary clout to oversee the relationship between estate agents and in-house brokers. In a draft order published earlier this month, the Government said it had decided to transfer the regulation of estate agents […]
There is nothing more romantic than tax. Well, that seems to be the view of HM Revenue & Customs at least. In a Valentine’s Day press release today, HMRC warns couples they must inform the taxman if they move in together, as if you move in with your partner then your tax credits could change. […]
Bank of England Governor Mark Carney has refused to admit his forward guidance policy has failed. But it has. In the Bank’s quarterly inflation report, published yesterday, Carney dropped the 7 per cent unemployment level as a threshold for interest rate rises. Instead, interest rate rises will depend on a range of 18 factors including […]
Mortgage advisers agree on the need for a progressive stamp duty levy but remain divided over how best to reform the system overall.
Ipswich Building Society chief executive Paul Winter says lenders may resort dual pricing to merit investment in branch staff.
Labour and the Conservatives are blaming each other for the failings at the Co-operative Bank in a bitter round of recriminations. The daily stream of shocking allegations against former chair Reverend Paul Flowers has thrust the bank’s problems to the top of the political agenda. It’s an irresistible story. He is a Reverend, former Labour […]
Yesterday Prime Minister David Cameron claimed the second part of the Help to Buy scheme has cut mortgage bills by £2,500 a year. But this calculation is a crude manipulation of figures based on a comparison with the mortgage market from six years ago, rather than other 95 per cent LTV deals available today. Help […]