Mortgage crisis deepens as buy-to-let loans disappear
Landlords are being warned to brace themselves for a mortgage crisis with a hike in mortgage rates that will force many to sell up – or create financial misery for their tenants with rent rises.
Landlords face a tax rate of up to 66% on rental profits
Landlords face an eye-watering effective tax rate of 66% on rental profits when mortgage interest relief changes come into full effect, figures calculated reveal.
Select Committee launches student loan enquiry
The powerful Treasury Select Committee of Parliament is to launch an inquiry into student loans, reported the Financial Times. Former education minister Nicky Morgan now chairs the committee and will review the effects of changes in policy since 2009.
BHS pensions deal worth £350m edges closer
The Pensions Regulator and Sir Philip Green are said to be close to a deal to help plug the BHS pension schemes’ deficit with Green paying in more than £350m (BHS pensions).
Bank of England warns of further flash crashes
The changing nature of foreign exchange markets could prompt more flash crashes like the one experienced last October when the pound dropped 9 per cent in a matter of seconds, according to a Bank of England boss.