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E-conveyancing a must for Home Information Packs

OneSearch Direct is urging property professionals to adopt e-conveyancing strategies for cost-efficient Home Information Packs, following the government&#39s move to press ahead with compulsory HIPs.

Research commissioned by OneSearch Direct shows property professionals have given HIPs a cautious vote of confidence, with 50% of estate agents and 40% of mortgage lenders believing that packs will improve the speed of transactions.

The majority of professionals also said that they believed that e-conveyancing would speed up property transactions.

Richard Megson, sales and marketing director of OneSearch Direct, says: “If property professionals are going to offer consumers effective HIPs they must embrace e-conveyancing technology. This will enable the proposed components of HIPs, such as the home condition report and the local search, to be undertaken electronically saving time and money.

“OneSearch Direct welcome initiatives to speed up the property chain and it believes that if implemented correctly, HIPs will benefit both customers and property professionals alike.”


Tax evasion rules will burden self-certification professionals

From Charles JarrettAm I missing something? I haven&#39t seen any press comment – or letters – concerning a dramatic change that is set to impact self-certification. The new Money Laundering Regulations 2003 and amendments to the Proceeds of Crime Act 2002 and Terrorism Act 2000 are poised to come into effect in January 2004. Ruth […]

NAEA concerned about Housing Bill

The National Association of Estate Agents says it has serious concerns about the instant marketing of properties in the government&#39s upcoming Housing Bill. The association says that the Housing Bill as it stands would effectively make it impossible to even tell someone a property was available until the Home Information Pack was produced. Peter Bolton […]

Will supermarkets take your business?

Last week supermarket Asda announced that it was launching a range of life and mortgage cover products to be available through its stores. Market leaders Tesco and Sainsbury&#39s already offer insurance and mortgage cover to customers. With Asda owned by US giant Wal-mart, the scope for cheaper products could be huge and some intermediaries have […]

Nine in 10 brokers favour direct authorisation

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How to cut mortgage fraud risk

Recent figures from Financial Fraud Action UK revealed a financial scam was committed, on average, every 15 seconds during the first six months of 2016, says Roy Armitage, head of credit at Lendinvest. That represents a 53 per cent rise year-on-year, with these scams coming in all shapes and sizes. Furthermore, a staggering 56 per cent of […]


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