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Last week’s most read on Mortgage Solutions – 27/11/2015

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  • 27/11/2015
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Last week’s most read on Mortgage Solutions – 27/11/2015
This week the Autumn Statement was top of the agenda for our readers, after Chancellor George Osborne made an announcement which could become a roadblock to the upward trajectory of the buy-to-let market.

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.

Autumn Statement: Buy to let will be subject to higher Stamp Duty tax

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.

Limited company buy to lets to be sheltered from Stamp Duty hike

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 to cease all UK mortgage lending

GE Money Home Lending has confirmed it will not continue with new lending after a portfolio of its home loans was purchased by investors.

Buy-to-let market ‘not in the Chancellor’s good books’

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.

Four-point plan for brokers to prepare for the MCD – Legal and General

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 launches self-employed and contractor range

Ipswich Building Society has launched five mortgage products targeted at ‘mortgage misfits’, focusing on the self-employed and contractors.

Lenders must have ‘constructive’ talks with older borrowers – Ombudsman

Lenders must remember their obligations to existing older borrowers to find workable solutions should they find themselves in difficulty, the Financial Ombudsman says.

Aldermore outlines Help to Buy ISA details

Aldermore is launching a Help to Buy ISA under the government’s scheme on 1 December.

Barclays slammed with record £72m fine for poor UK financial crime defences

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 to pay brokers for retention business

Skipton Building Society has revealed it is committed to paying brokers proc fees for retention business with plans to consider pilot options with intermediaries.

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