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Residential property transactions jump 60% in September – HMRC


By Michael Griffiths

September saw the number of residential property transactions in the UK climb by 59.7% from August’s total, according to figures published by HMRC.

The provisional non-seasonally adjusted estimate hit 165,720 transactions for the month, a figure that was also 67.3% higher than September 2020


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HMRC reports rise in IHT receipts

Receipts for inheritance tax (IHT) between April and September this year totalled £3.1bn, new HMRC figures have revealed

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National Credit Awards 2021 – winners announced

The winners of the National Credit Awards 2021 were announced last night at a gala ceremony in London

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UK state pension to increase by 3.1% next year

The UK state pension is set to increase by 3.1% in 2022/23, in line with September’s Consumer Prices Index (CPI) inflation figure published today by the Office for National Statistics (ONS)

Property wealth of over-65s increasing by more than £800 a month

Over-65s have seen their property wealth increase by more than £800 a month in the past six months, according to new research from Key

Annual house price growth climbs to 10.6% in August – ONS

The average UK house price increased by 10.6% over the year to August, a figure up from 8.5% annual growth in July, new figures from the Office for National Statistics (ONS) have revealed
Atom Bank completes £367m RMBS

Atom Bank has completed its fourth residential mortgage-backed securitisation (RMBS) valued at £367m

OMS completes API integration with West One

One Mortgage System (OMS) has completed a full application programming interface (API) integration with West One Loans for its second charge business

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HMRC reports rise in IHT receipts

Receipts for inheritance tax (IHT) between April and September this year totalled £3.1bn, new HMRC figures have revealed

IHT change tops list of pension investor concerns, study finds

A change to inheritance tax (IHT) treatment of pensions is topping the list of concerns among pension investors ahead of the Chancellor’s Autumn Budget next week

Three quarters of people have taken no action to reduce IHT liability

Almost three-quarters (74%) of UK adults have not taken any steps to reduce their inheritance tax (IHT) liability, a new study has found

Govt’s record tax intake to hit highest sustained level in peacetime – IFS

This year’s announcements of tax rises will increase the UK’s tax take to its highest sustained level in peacetime, a report from the Institute for Fiscal Studies (IFS) has highlighted, with spending to settle at 42% of national income

FCA issues new remote working guidance to financial services sector

The FCA has issued new guidance to firms across the financial services sector who are operating a remote or hybrid working model

NatWest pleads guilty to money laundering charges

NatWest has today entered guilty pleas to criminal charges brought by the FCA under the Money Laundering Regulations 2007 (MLR 2007)

Regulators outline new value for money framework for DC pension schemes

The Financial Conduct Authority (FCA) and The Pensions Regulator (TPR) have outlined a new framework for measuring value for money in defined contribution (DC) pension schemes

FCA publishes new plans to tackle consumer investment harm

The FCA has unveiled a new strategy to tackle consumer investment harm and confirmed it will publish metrics to assess whether the new plans are being met

Atom Bank completes £367m RMBS

Atom Bank has completed its fourth residential mortgage-backed securitisation (RMBS) valued at £367m

Almost 700,000 over-75s do not have a will – Just Group

More than one in 10 people (12%) over the age of 75, a figure equating to around 695,000 people, have not yet made a will, new research has found

One in 10 over-55s no longer planning to pass on wealth to children

One in ten (10%) UK parents over 55 are no longer planning to pass on wealth to their children after realising how much their cost of care in the future could be, new research from Killik & Co has found

£100 spending limit for contactless payments comes into force

The national roll-out of the new £100 spending limit for contactless card payments will begin across the UK today

UK state pension to increase by 3.1% next year

The UK state pension is set to increase by 3.1% in 2022/23, in line with September’s Consumer Prices Index (CPI) inflation figure published today by the Office for National Statistics (ONS)

One in four adults have at least one pension pot under £5k

More than a quarter of adults (26%) have at least one pension pot of less than £5,000, while 15% do not know if they have one or not, a new Aegon study has found

Largest UK pension schemes failing to act on climate change, campaign warns

The majority of large UK pension schemes have failed to act on climate ahead of COP26, according to research from Make My Money Matter, with 71 of 100 major schemes yet to make robust net zero commitments

‘Cost’ of pensions tax relief rises to £41.3bn; industry warns against Budget raid

The cost of pensions tax relief increased by £4.4bn to £41.3bn between 2017/18 and 2019/20, figures from HMRC have revealed

Independent Wealth Planners acquires Acuity Wealth Management

Independent Wealth Planners (IWP) has announced the acquisition of financial planning firm, Acuity Wealth Management (AWM)

80% of IFAs viewing ESG considerations as ‘important’, research finds

Over 80% of independent financial advisers (IFAs) have a positive view about the importance of ESG in portfolio construction, according to a new study by Foresight Group LLP

Younger clients could drive demand for sustainable investing – Prudential

More than two in five (42%) financial advisers would say younger family members have influenced their clients towards sustainable investing, new research from Prudential has found

Just Group confirms £49m buy-out with Miracle Garden Care Pension Scheme

Just Group has completed a buy-out deal with the Miracle Garden Care Pension Scheme

Leeds Building Society added to Mortgage Brain’s submissions platform

Leeds Building Society has become the latest lender to go live on Mortgage Brain’s multi-lender application and submission gateway, Submissions Brain

OMS completes API integration with West One

One Mortgage System (OMS) has completed a full application programming interface (API) integration with West One Loans for its second charge business

Hinckley & Rugby goes live on Mortgage Brain platform

Hinckley & Rugby Building Society has become the first regional society to go live on Mortgage Brain’s multi-lender application and submission gateway, Submissions Brain

Subscription loan provider Creditspring launches credit builder product

Subscription loan provider, Creditspring, has launched a new credit builder product that helps members gradually improve their credit score without running the risk of incurring further debt.

National Credit Awards 2021 – winners announced

The winners of the National Credit Awards 2021 were announced last night at a gala ceremony in London

L&G Mortgage Club confirms product launch with Melton Building Society

Legal & General Mortgage Club has announced a new product launch with Melton Building Society

LiveMore Capital partners with Blueberry Specialist Lending

LiveMore Capital has announced a new partnership with specialist broker group, Blueberry Specialist Lending

Cambridge Building Society relaunches ‘top slicing’ for BTL mortgages

Cambridge Building Society has relaunched its buy-to-let (BTL) ‘top slicing’ proposition, enabling landlords to top up rental shortfall from other earnings

BLOG: Fintech, the future of specialist underwriting and product choice for your client

Mark Whitear, Head of Commercial Development, Foundation Home Loans, discusses the role that fintech can play in the future of specialist underwriting

BLOG: Top 7 Reasons to Use a Mortgage Broker

Gerard Boon, Managing Partner at Boon Brokers, discusses his top reasons for why potential homebuyers should look to use a mortgage broker

BLOG: Making Net Zero an attainable goal for SMEs

Ralph Hora, Pemberton Head of Business Development for Germany, Austria and Switzerland (DACH) and Chair of the Pemberton ESG Working Group, explains Pemberton’s approach to Net Zero and how the firm works with its portfolio companies to mutual benefit

BLOG: Five lessons we've learned from sustainable bond investing

TwentyFour Asset Management launched its first sustainable fund in January 2020 and I would like to share some of the lessons we have learned from our first year of sustainable bond investing

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