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CPS announces new appointments
Wednesday, 22 February 2017
Lord Saatchi, Chairman of the Centre for Policy Studies, is delighted to announce several new appointments and promotions within the staff and board. 
February Money Statistics from The Money Charity
Wednesday, 22 February 2017
Striking numbers 
Vida Homeloans reduces rates and fees on Buy-to-Let offering
Wednesday, 22 February 2017
Vida Homeloans, the specialist mortgage lender for intermediaries, has today announced a fresh wave of updates to its Buy-to-Let range. Vida has reduced its Buy-to-Let product fees by £500 on all loans below £250K (now at £1,495), and by 0.25% on larger loans (now just 1.25%). This represents a fee saving of £1,250 on a £500k loan or £2,500 on a portfolio of £1m. 
Launch date of the Standard Financial Statement confirmed
Tuesday, 21 February 2017
The Money Advice Service has announced that the Standard Financial Statement (SFS) begins operation on 1 March 2017 and thanked the many advice agencies, creditors, trade bodies and others involved in its development, including the MALG members who were part of the governance group.
Government plans succeed: the number of company owned homes is falling
Monday, 20 February 2017
Recently published Government statistics for the Annual Tax for Enveloped Dwellings (ATED) have demonstrated the success of the policy since its implementation in 2013. Introduced by George Osborne, the stated aim was to discourage owner occupiers from making significant Stamp Duty savings by buying residential property in corporate wrappers (otherwise known as Non-Natural Persons or NNPs). It was also a way to encourage people to invest in their ‘own names’ rather than using the anonymity of a company structure.    
The Right Mortgage Network Targets Later Life Lending with specialist Workshop and accreditation
Monday, 20 February 2017
According to the Office for National Statistics, the number of people aged 75 and over is projected to rise by 89.3%, to 9.9 million, by mid-2039, yet, worryingly, the current range of mortgages on offer do not meet the needs of over-55s. With many clients too young for equity release and high-street lenders often saying no to lending into retirement, the needs of the older consumer are not being met within the mortgage industry.
R3 welcomes government’s priority for debt advice in new single advice body
Monday, 20 February 2017
Commenting on the closure of the government consultation on the creation of a new single financial guidance body, Mark Sands, Chair of the Personal Insolvency Committee of R3, the insolvency and restructuring trade body, says:   “The creation of a new single advice body is welcome, and we’re pleased to see that the provision of readily available debt advice remains a government priority.
FLA comment on FCA's Call for Input on High Cost Credit
Thursday, 16 February 2017
Commenting on the Financial Conduct Authority’s (FCA) Call for Input on High Cost Credit, Fiona Hoyle, Head of Consumer and Mortgage Finance at the FLA, said:   “The FCA is right to want to find out how higher-cost credit is used. But the questions in the Call for Input assume that it is possible to lump together very different products simply on the basis of price. The credit market is highly diverse and many products are priced for risk, as in other markets. Customers may experience problems for reasons quite unrelated to product design. It is important to maintain a supply of properly-regulated and responsibly-provided credit to people otherwise unable to access the credit markets. The FCA needs to ensure that the regulatory regime is proportionate and fact-based, and – for example – does not assume that measures designed to mitigate specific problems in one sector can be rolled over to others.”
Comment on CML lending figures for December and 2016 - John Phillips, Just Mortgages
Wednesday, 15 February 2017
John Phillips, SpicerHaart and Just Mortgages group operations director, says “Whilst first-time-buyers and remortgage activity kept the market afloat last year, the number of people moving house was consistently down.  This is unlikely to change in the foreseeable future as certain barriers, especially towards lending in to retirement, have the effect of holding up the market. 
Comment regarding CML trends in lending from Jonathan Sealey at Hope Capital
Wednesday, 15 February 2017
Jonathan Sealey, CEO at Hope Capital, says “Despite everything the housing market last year defied expectations.  Although we are still below pre-crisis levels, to show any kind of increase in a such an unpredictable year gives hope for 2017. 
Conveyancing Association sets out support for Housing White Paper measures
Wednesday, 15 February 2017
The Conveyancing Association (CA), the leading trade body for the conveyancing industry, has today (14th February 2017) announced its support for a number of measures announced in last week’s Housing White Paper from the Government. 
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