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Dring’s efforts at spin would be welcomed in Whitehall

I had to chuckle at Alan Dring’s article headlined ‘Muddled thinking on HIPs must end’ (Mortgage Strategy June 4). Talk about spin. Is he auditioning for a place in Gordon Brown’s government?

The line that prompted my laughter was, “The government has not postponed the launch of HIPs, it has delayed it until August 1”.

A quick look at the Oxford English Dictionary shows delay is defined as ‘to postpone, defer, make late’, while the definition for postpone is ’cause to take place at a later time’.

Is there any difference? No, apart from the fact that it now only applies to four-bedroom houses.

J Hall
Barrat Gray


My Mortgage Direct to launch Portuguese deal

Real estate agent Noscasa and mortgage broker My Mortgage Direct have teamed up to launch a deal for home buyers looking in buy property in Cape VerdeThe former Portuguese colony – once a parched slave trading post – is now tempting property investors from all over the world with caiprinias and Creole cuisine. Cath Hearnden, […]

RBSIP introduces new rates to First Active range

RBS Intermediary Partners will be introducing new rates to its First Active fixed rate products. The new rates will include a two-year fixed rate deal which will only be available online at 5.99% with a 699 arrangement fee. For all First Active residential remortgage products there are no basic legal or valuation fees. Overpayments of […]

Planning rules could stall loft conversions

A government planning White Paper has been blasted by the Federation of Master Builders for potentially scuppering two-thirds of planned loft conversions.While presenting the White Paper to Parliament, communities secretary Ruth Kelly said: “There are parts of the system which can be costly, confusing and inaccessible. Our reforms will make it better focussed, fairer, faster […]

Buyer enquiries stabilised in May, reports RICS

House price inflation slowed in May, but buyer enquires stabilised in spite of the May interest rate rise, the Royal Institution of Chartered Surveyor’s UK housing market survey reveals. House prices rose for the 19th consecutive month in May but the rate of growth reverted back to the slowing trend which began at the end […]


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