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Andrea Rozario on the surge in demand for equity release and the opportunities for properly qualified advisers
The Prime Minister is set to launch a consultation into a scheme targeting those under 40 who have never owned their own homes.
Homebuyers in Scotland purchasing property worth over £250,000 will face a soaring tax bill from April next year as Stamp Duty is abolished in favour of a new levy called the Land and Buildings Transaction Tax.
Lloyds, the UK's biggest lender, has put an immediate cap on income multiples on mortgages over £500,000 to primarily target the London market in a bid to combat the capital's swiftly rising property price inflation.
The Financial Conduct Authority (FCA) will be on the lookout for "gaming activity" of any kind following the implementation of the Mortgage Market Review (MMR), with the falsification of income levels of particular interest, it warned.