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BSA and CA call for leasehold change

Two major industry bodies are urging the Government to make vital changes to leasehold agreements. Responding to the Government’s consultation on tackling unfair practices in the leasehold market, the BSA and CA are calling for change. The Building Societies Association says it supports proposals to restrict the creation of new build leasehold houses. But the […]

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UK ranked 25th of 29 EU countries for buy-to-let

The UK is now ranked 25th of 29 EU countries for buy-to-let investors. Changes to mortgage tax relief and the stamp duty levy have slashed yields to an average of 4 per cent. It has sent the UK spiralling down the WorldFirst European Buy-to-Let League Table. The UK has plunged ten places as average rental […]

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More 2 life lowers age requirements

More 2 life has lowered its minimum lending age from 60 to 55. The equity release provider has lowered the age limit for borrowers using its Capital Choice Plan. Homeowners opting for equity release can now take out a product with the provider five years earlier than they previously could. The Capital Choice Plan is […]

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Brokers defend fees after ‘double-dipping’ claims

Brokers have refuted claims they overcharge customers by charging them a fee while also taking a commission from lenders. The issue has been thrust back into the spotlight by One 77 Mortgages, which yesterday said borrowers are wasting £370m a year on unnecessary mortgage advice fee to brokers. One 77 Mortgages managing director Alastair McKee […]

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Key Retirement hires chief executive, unveils expansion plans

Key Retirement has appointed Will Hale as chief executive as it announces plans to increase its adviser numbers from around 130 to 200. Hale was formerly business development director. Key Retirement was previously run by managing director Richard Overson, who will now run the unit’s field-based adviser teams and report into Hale. Hale will lead […]