This week, GE Money, a broker-focused guide to the Mortgage Credit Directive and Aldermore’s Help to Buy ISA also attracted our readers’ in droves.
Additional purchases made on properties including second homes and buy-to-let properties will be subject to a higher 3% rate of Stamp Duty Land Tax from next year.
Buy-to-let investors with 15 or more properties in a limited company structure will not be subject to a 3% increase in Stamp Duty Land Tax, a Treasury spokeswoman has confirmed.
GE Money Home Lending has confirmed it will not continue with new lending after a portfolio of its home loans was purchased by investors.
There is only one place to start in terms of the Autumn Statement – it’s the announcement that Stamp Duty Land Tax will be levied at higher rates from 1 April next year for those purchasing additional residential properties, which of course covers buy to let, writes Bob Young of Fleet Mortgages.
Jeremy Duncombe takes brokers through the four crucial steps needed to prepare for the Mortgage Credit Directive (MCD).
Here’s some more stories you may have missed…
Ipswich Building Society has launched five mortgage products targeted at ‘mortgage misfits’, focusing on the self-employed and contractors.
Lenders must remember their obligations to existing older borrowers to find workable solutions should they find themselves in difficulty, the Financial Ombudsman says.
Aldermore is launching a Help to Buy ISA under the government’s scheme on 1 December.
The Financial Conduct Authority (FCA) has fined Barclays Bank £72,069,400 for failing to minimise the risk that the lender may be used to facilitate financial crime.
Skipton Building Society has revealed it is committed to paying brokers proc fees for retention business with plans to consider pilot options with intermediaries.