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Brexit: May to meet UK financial services chiefs
The Prime Minister is set to meet with business leaders from the UK's financial services industry as the government attempts to secure a Brexit deal that will include the sector.
BBC - Posted 11/01/2018

Sixty Icon Lender refuses mortgages on housing association flats due to fire safety concerns
A mortgage lender has refused to provide loans for shared ownership on a housing association’s block of flats on fire safety grounds.
Inside Housing - Posted 10/01/2018

Demand for longer term fixed rate mortgages rises in the UK
Over the last 12 months, the remortgage market in the UK has transformed with demand for fixed deals surging while the popularity of variable remortgages has plunged, new research has found.
Property Wire - Posted 10/01/2018

Sixty Icon TwentyCi Property & Homemover Report Shows a Sharp Rise in Rental Properties in UK’s Largest Cities, but New Buy-to-Let Policies Leave Londoners Suffering from a Drop in Rental Stock
TwentyCi released its latest Property & Homemover Report today, a comprehensive review of the UK housing market up to the end of 2017.
Business Wire - Posted 10/01/2018

Workers under 50 face tax hike to pay for state pensions
Workers under the age of 50 face a tax hike because the state pension fund will run out in 2035, Government advisers have warned.
The Telegraph (register) - Posted 10/01/2018

Postcode lottery that costs older borrowers £2,600 if you release cash from your home
Older borrowers releasing cash from their homes face a postcode lottery that could end up costing them as much as £2,600.
Mail Online - Posted 10/01/2018

Former energy regulator calls for Big Six to sell-off customers to boost competition
The energy industry’s largest suppliers should be forced to sell off a slice of their customer base to new entrants in order to reset competition in the market, according to a veteran industry regulator.
The Telegraph (register) - Posted 10/01/2018

Sixty Icon Estate agents are pressurising buyers to spend thousands more on overpriced in-house services
One in four homebuyers have felt under pressure to buy a mortgage or another financial service from an estate agent.
The Independent - Posted 10/01/2018

Sixty Icon Wellesley doubles fourth-quarter lending to £107m
Wellesley Group has reported £107m of lending in the final quarter of 2017, which is almost double the amount lent in the same period the previous year.
Peer2Peer Finance News - Posted 10/01/2018

Government allows private landlords to receive Universal Credit directly
Changes to make it easier for landlords to directly receive the housing element of Universal Credit do apply to the private rented sector, the government has confirmed.
Inside Housing - Posted 10/01/2018

Sixty Icon FTBs need more than stamp duty cut: Family BS chief
The cut in stamp duty for first-time buyers in the last Budget will help, but more is needed to tackle the housing crisis, according to Family Building Society chief Mark Bogard.
Mortgage Strategy - Posted 09/01/2018

Sixty Icon UK firms hire permanent staff at fastest rate in four months - recruiters
British companies hired permanent staff last month at the fastest rate since August, pushing up starting salaries, recruiters said on Tuesday.
Reuters - Posted 09/01/2018

Sixty Icon Sprinklers will lead to service cuts without government funding, warns CIPFA
Local government borrowing rules mean councils taking out loans to retrofit sprinklers will have to cut back on other housing spending unless the government provides funding, the Chartered Institute of Public Finance and Accountancy (CIPFA) has warned.
Inside Housing - Posted 09/01/2018

Sixty Icon Bailiffs unleashed on nearly 41,000 firms failing to pay rising business rates
Bailiffs are given power to enter premises, seize goods and sell them at public auction in order to settle business debts.
Belfast Telegraph - Posted 09/01/2018

‘Pervasive’ skill shortages across UK economy to drive up wages
Businesses across Britain are short of workers across scores of sectors and at all skill levels, putting pressure on bosses to hike salaries, recruiters are warning.
The Telegraph (register) - Posted 09/01/2018

140,000 carers miss out on £240-a-year boost to state pension
More than 140,000 carers could be missing out on hundreds of pounds a year in retirement as they have failed to take advantage of a government scheme to protect their state pension.
The Telegraph (register) - Posted 09/01/2018

Don’t panic: Consumer debt boom is driven by rich borrowers, not the vulnerable poor
The boom in consumer borrowing is driven by Britons with strong credit ratings, not the vulnerable borrowers who would worry regulators the most, Bank of England and Financial Conduct Authority researchers have found.
The Telegraph (register) - Posted 09/01/2018

Higher business rates have led to local councils unleashing bailiffs on 41,000 companies for lack of payment
Two London boroughs - Hounslow and Lewisham - had the highest bailiff referrals.
The Independent - Posted 09/01/2018

Sixty Icon UK consumers trapped in credit card debt for longer than thought
Bank of England and financial watchdog found 89% of card debt was held by consumers also in debt two years ago.
The Guardian - Posted 09/01/2018

Cost of living squeeze dents Christmas high street spending
British Retail Consortium blames inflation for meagre rise in spending on gifts with shoppers spending more on essentials.
The Guardian - Posted 09/01/2018

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