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Santander to introduce two-tiered B2L affordability tests

Santander is introducing a new two-tier buy-to-let affordability calculation as the Government’s tax shake up is expected to increase costs for landlords. From 21 February, the affordability rate for loans over 60 per cent LTV will increase from 5 per cent to 5.5 per cent. For loans with an LTV of 60 per cent or […]

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IMF warns Brexit and housing market threaten UK economic progress

The International Monetary Fund has warned the upcoming Brexit vote and the housing market both threaten to derail the UK’s recent economic progress. In a note issued on Wednesday, the crisis lender highlighted that Britain’s economic engine had been growing steadily in the wake of decent private domestic demand, supported by rapid job growth, with […]

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London Stock Exchange in merger talks with German rival

The London Stock Exchange is in merger talks with its German rival Deutsche Boerse, which would create one of the world’s largest exchanges. The two companies are said to be in merger talks a decade after previous takeover plans fell through, reports Reuters. The LSE said in a statement the all-share merger would see Deutsche Boerse shareholders take […]

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