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74% of lenders expecting growth in green mortgage market


By Michael Griffiths

Seventy-four per cent of lenders are expecting green mortgages to become a larger part of the wider mortgage market in the future, new research from the Intermediary Mortgage Lenders Association (IMLA) has revealed.

The findings also showed that 13% have already seen a rise in customer interest for green mortgages since the start of the COVID-19 crisis


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Remortgage instruction volumes remain steady in September – LMS

Volumes for remortgage instructions remained steady during September, falling by just 1.3% over the month, according to new data published by LMS

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Second charge lending predicted to grow 100% in Q4

Loans Warehouse has predicted that the second charge lending market will experience a 100% growth in the final quarter of 2020

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Landbay added to Synergy’s network panel

Landbay has announced it is joining Synergy Commercial Finance’s network panel

Enra completes first securitisation with £268m portfolio

Enra Specialist Finance has announced that it has priced its first residential mortgage backed securities, backed by a portfolio of buy-to-let (BTL) and second charge mortgages

UK debit card spending reached record high in July

Debit card spending in the UK reached a record high of £59.1bn during July this year, data published by UK Finance has revealed
23% of homeowners worried about renewing mortgage

Twenty-three per cent of homeowners are worried about renewing their mortgage during the coronavirus pandemic, according to the results of a poll by Willow Private Finance

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”

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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

Govt may need to increase taxes by £40bn a year to stop debt spiralling

The government will need to raise taxes by more than £40bn a year by 2025 to prevent debt spiralling upwards, according to analysis from the Institute of Fiscal Studies (IFS)

Millions in UK unaware of stamp duty payment mistakes – Cornerstone

An estimated 15 million homebuyers have never considered whether there was a mistake in the stamp duty they paid, according to new research from Cornerstone Tax

Tax rises for businesses not the way to recovery, firm warns

Tax increases could stifle SME growth and be detrimental to the economic recovery in the UK, investment firm, IW Capital, has warned

FCA calls on land banking scheme victims to get in contact

The FCA has urged members of the public who invested in an unauthorised land banking scheme, and who may be eligible to receive some of their money back, to get in contact with the regulator

FCA bans sale of crypto-derivatives to retail consumers

The FCA has published its final rules outlining the ban of the sale of derivatives and exchange traded notes (ETNs) that reference types of cryptoassets to retail consumers

CA urges member firms to endorse new HBSG pledges

The Conveyancing Association (CA) has urged its member firms to endorse a series of new home buying and selling pledges for property stakeholders

FCA to consult on international firms operating in UK

The FCA has launched a new consultation on its approach to regulating international financial firms operating in the UK

Second charge lending predicted to grow 100% in Q4

Loans Warehouse has predicted that the second charge lending market will experience a 100% growth in the final quarter of 2020

British Business Bank to convene working group on ‘access to capital’

The British Business Bank has been commissioned by the government to convene an industry-wide working group on access to capital

UK debit card spending reached record high in July

Debit card spending in the UK reached a record high of £59.1bn during July this year, data published by UK Finance has revealed

A third of women over 54 have borrowed 'just to make ends meet’ – more2life

A third (33%) of women over the age of 54 who have taken on debt in the last five years have done so to cover day-to-day expenses, according to new research from more2life

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”

Opperman exploring possibility of using pensions for house deposits ‘disappointing’

Pensions Minister, Guy Opperman's, suggestion that he is exploring ways for pensions to be used for house deposits has been described as “disappointing” by The People’s Pension (TPP)

DB pension deficit stable in September

The accounting deficit of defined benefit (DB) pension schemes for the UK’s 350 largest listed companies rose slightly to £73bn at the end of September, new data from Mercer has revealed

Just 6.6% of pension scam reports handed to police in 2019

Only 6.6% of pension fraud reports submitted to Action Fraud in 2019 passed the review process and were given to the police to investigate, according to new research from Quilter

Aspen Bridging backs first-time buyer requiring maximum leverage

Aspen Bridging has backed a first-time buyer requiring maximum leverage to purchase an off-plan, new-build flat in London, saving their initial 10% deposit

Study shows spike in people trading shares during COVID-19

GraniteShares has reported that 15.5% of people who own shares claim to have started buying and selling more since the coronavirus pandemic started

39% of investors expecting dip in real estate assets

Thirty-nine per cent of investors are expecting commercial real estate assets to fall by between 5 to 10% in value in 2020, according to new research by Duff & Phelps

Rental yields on BTL properties in England rise 0.4% in Q3

Rental yields on residential buy-to-let properties climbed to 6.4% across England during the third quarter, up 0.4% from the 6% achieved in the third quarter of 2019, according to the latest Fleet Mortgages Buy-to-Let Rental Barometer

Click2Check partners with AccountScore

Click2Check has announced a new partnership with data and analytics provider, AccountScore

iPipeline announces partnership with CIExpert

iPipeline has announced a new partnership with CIExpert that will support advisers comparing critical illness plans through its protection sourcing tool, SolutionBuilder

Darlington Intermediaries launches affordability calculator powered by L&G

Darlington Intermediaries and Legal & General have announced the launch of an affordability calculator

Twenty7Tec offers analytics platform for free to 90% LTV lenders

Twenty7Tec has announced that it will provide its analytics platform, INSIGHT, free of charge to any mortgage lender entering the 90%+ LTV market, who isn’t already a subscriber

Roma Finance reduces rates and raises LTVs across range

Roma Finance has announced it is cutting rates and increasing LTVs and loan amounts across its product range

Landbay offers free title indemnity insurance on BTL remortgages

Landbay has announced it is offering free title indemnity insurance which the buy-to-let (BTL) lender suggested could speed up the legal process “dramatically”

MoneyAge Awards 2020 – winners announced

The winners of the MoneyAge Awards 2020 were announced last night via a special video broadcast

Foundation announces return of five-year BTL product

Foundation Home Loans has announced the return of its buy-to-let (BTL) five-year fixed rate product to the market

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

BLOG: Five things you should be asking your financial consultant

Jonathan Halberda, Wesleyan Financial Services Senior Financial Consultant answers the five questions that everyone should be asking. Find out more

BLOG: LDI Manager of the Year - BMO Global Asset Management

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

BLOG: Stress Testing in the Pandemic

The spread of COVID-19 into a global pandemic has resulted in one of the most significant economic events of our lifetimes...

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