Tax advisor fined over Stamp Duty avoidance advice

Cornerstone’s David Hannah has been ordered to pay a total of £60,000 for “failing to properly assess and communicate” the risks of a Stamp Duty avoidance scheme in 2007. The Tribunal agreed, however, that the advisor “had not behaved dishonestly”.

Lenders cut bonuses from mortgage sums

Many mortgage providers are refusing to take variable bonus and commission payments into account when doing affordability calculations, or are ratcheting down the proportion they will lend against variable pay.