HM Treasury response to MLR consultation: key changes
Following the government’s admission that anti-money laundering regulations are ‘a major burden’ on professional business services firms, HM Treasury has released a response to the 2024 consultation examining the effectiveness of Money Laundering Regulations. In the foreword to the response, economic secretary to the Treasury Emma Reynolds said the government is ‘confident that these changes […]
Year-on-year increase in remortgage instructions ‘emphasises market strength’
The latest remortgage snapshot from LMS shows a relatively flat picture for June, but a 20% increase in year-on-year instructions ‘emphasises market strength’, the company says. There was no change in the instruction rate or cancellation rate, and 16% fewer remortgages completed in June than the previous month. The pipeline has increased by 8% for […]
How to stabilise the property market: an open letter to Rachel Reeves
Dear Chancellor Reeves, As you prepare your crucial autumn budget, we urge you to deliver measures that will stabilise the property market in the short term while laying foundations for long-term economic resilience and growth. The housing market has been stagnant for much of this year, with developers, investors, and consumers adopting a cautious “wait […]