‘In the UK, we are way behind the curve’ – BSA – Mortgage Solutions

The Building Societies Association (BSA) is looking into ways to solve the housing crisis. One way is to incorporate modern methods of construction (MMC) into to the UK’s building repertoire to provide more homes.These build methods have been used in Almere, a town near Amsterdam, since the 1970s as well as in other European countries and the US. The BSA took a delegation of UK lenders and industry representatives to examine the Almere site and understand how its methods could be introduced here. Source: ‘In the UK, we are way behind the curve’ – BSA – Mortgage Solutions

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Open Banking goes live from tomorrow | Mortgage Introducer

Open Banking hits the market tomorrow – which will allow companies to access peoples’ bank or building society data once given permission by the customer. Nine of the biggest UK lenders – Lloyds, RBS, Barclays, HSBC, Santander, Danske, Allied Irish Bank, the Bank of Ireland and the Nationwide Building Society – must share transaction history data if requested in a standard format. Source: Open Banking goes live from tomorrow | Mortgage Introducer

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This fintech firm, robo-adviser Netwealth, is aiming to steal the dinner off wealth managers’ plates by targeting the super-rich | City A.M.

For well-off individuals looking to outsource the day-to-day investment of their pounds, wealth managers have long looked like the best option.Yet for an industry driven by huge amounts of money and used by professionals ranging from entrepreneurs to technology titans, there has been surprisingly little innovation. For high-net-worth investors, using a wealth manager is rather like throwing money into a black hole – they have little idea of where it goes, or what amount is reaped in fees by the manager. Source: This fintech firm, robo-adviser Netwealth, is aiming to steal the dinner off wealth managers’ plates by targeting the

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Hong Kong, London, New York shortlisted for Aramco IPO – Gulf Business

Saudi Arabia has shortlisted New York, London and Hong Kong – singly or in a combination of two or even all three – for the international portion of the listing of national oil company Aramco, two sources with knowledge of the discussions said.The initial public offering (IPO) will also include the Saudi stock exchange, Tadawul, and is still set for late 2018, the sources said.googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1490877017801-3’); });The shortlist means Tokyo, Singapore and Toronto are no longer in the running for what is likely to be the world’s biggest IPO. Riyadh could raise as much as $100bn in the sale

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London IPOs to pick up pace in second quarter after bumper 2017 | City A.M.

  London stock market floats will pick up in the second quarter after a lull at the start of the year, according to analysis from big four accountant EY.The volume of initial public offerings (IPOs) surged over the course of 2017, with flotations raising well over double the amount collected in the previous year, EY said. Source: London IPOs to pick up pace in second quarter after bumper 2017 | City A.M.

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Government claims stamp duty cut has helped 16,000 first-time buyers | Mortgage Introducer

The government has claimed that more than 16,000 first-time buyers have saved thousands of pounds as a result of the stamp duty changes. In November’s Autumn Budget Chancellor Philip Hammond abolished stamp duty for first-time buyerson homes costing up to £300,000. For properties up to £500,000, people would not need to pay stamp duty on the first £300,000. Source: Government claims stamp duty cut has helped 16,000 first-time buyers | Mortgage Introducer

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