Wilson Wright Partner Blog

Monthly Archives: May 2016

Competition in high LTV market shrinks price gap

Warren Baker
May 26,2016
Warren Baker

The average mortgage rate difference between two-year fixed mortgages at 60 and 95 per cent loan-to-value (LTV) has shrunk by 0.71 per cent in the last year, according to Moneyfacts.co.uk.

HMRC over-eager and misguided in digital transition, says NAO

Craig Nicholson
May 25,2016
Craig Nicholson

The National Audit Office (NAO) has published a new report claiming that HM Revenue & Customs has been too eager to cut off its traditional contact channels in favour of online services.

FCA quashes claims that UK has a ‘mortgage prisoner problem’

Warren Baker
May 18,2016
Warren Baker

The UK’s Council of Mortgage Lenders (CML) announced plans late last week to investigate the issue of borrowers trapped in their mortgage contracts. But the Financial Conduct Authority (FCA) quashed the CML’s claims this week, insisting that the Mortgage Market Review (MMR) had not locked borrowers out of the market, or provoked irresponsible lending. “We

UK’s Corporation Tax the second lowest among major economies

Adam Cramer
May 13,2016
Adam Cramer

Britain’s competitive rates of Corporation Tax should continue to appeal to businesses, new research suggests.

Mortgage lenders raise age limits

Warren Baker
May 13,2016
Warren Baker

Major lenders are beginning to raise their maximum age limits on mortgages, following recent criticisms that secure borrowers are increasingly turned down by banks on account of their age. Nationwide made headlines this week by raising its maximum age limit from 75 to 85 – the highest of any major lender in the UK to

Virgin Money sets sights on first time buyers with Help to Buy rate reductions

Warren Baker
May 5,2016
Warren Baker

Popular lender Virgin Money has announced plans to reduce rates on its low-deposit Help to Buy equity loans, in a bid to help Britain’s first time buyers find their feet on the property ladder. The most significantly reduced rate announced by the lender is a new two-year fix at 1.84 per cent – representative of

HMRC likely to target high net worth individuals with more tax avoidance investigations

Lee Davy-Martin
May 4,2016
Lee Davy-Martin

Recent research highlighted in the press has revealed that HM Revenue & Customs (HMRC) recovered £494 million from investigations into income tax avoidance in 2014-15. It is therefore likely that HMRC will further crack down on high net worth individuals.


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