Intermediaries are to get a helping hand in the intricate world of Home Information Packs thanks to eConveyancer’s Alan Dring and Mortgage Strategy.Dring, sales director at eConveyancer, will be writing a weekly article on the development of HIPs in the magazine and readers will be invited to forward their queries and observations to him via email. Dring says: “What we plan to do over the next 18 months is prepare the industry for the introduction of HIPs. “This industry has a reputation for burying its head in the sand and then reacting in the 11th hour. We want to make sure this doesn’t happen. “We are basing our approach on the assumption that HIPs represent an opportunity rather than a problem, though there will be challenges. HIPs should be a significant part of 2006 business planning. Now is the time to evaluate your relationships locally, including business to business. Firms should be asking questions such as – is my network providing right solutions to business challenges?” Dring believes the ‘Ask Alan’ scenario will get people asking questions the industry will have to answer. He says there are three main potential benefits of HIPs, these being income generation, time-savings, and increased customer satisfaction. Dring adds: “I suspect I’ll be answering questions on the impact HIPs will have on intermediary businesses, costs and education. “We will be working with bodies such as AMI to make sure brokers are informed, and offer them options and ideas.” Readers wishing to Ask Alan about any aspect of HIPs should email them to email@example.com.
From Andy Cowell While the thought of lenders having a Christmas sale (Mortgage Strategy Analysis November 28) is a great idea, Monty Burn has clearly started on the festive sherry too early if he is advocating following the Norwich Union route. Let’s face it, the carriage clocks were crap, as Gerald Ratner would say. And […]
The Mortgage Works’ decision to not accept applications for buy-to-let mortgages on new-build properties has sparked fears it could alienate specialist brokers and affect the buy-to-let market. TMW’s decision to only accept buy-to-let applications on properties over one year old has been met with a mixed response in the industry, with worries that other lenders […]
Credit reference agency Callcredit has teamed up with the Home Office in an initiative to combat the growing problem of identity theft. The agency is to distribute Home Office leaflets to consumers throughout the country advising them on how to avoid becoming victims of identity theft and what action to take if they do fall […]
Kensington Mortgages has launched a fixed plus payment option on all its standard products that combines the benefits of fixed and tracker features. Fixed plus enables borrowers to benefit from the payment security and budgeting of a three year fixed rate, while receiving the benefits normally associated with tracker products if interest rates reduce. The […]
After an “interesting” year, Peter Saacke separates the so-what stories (the Swiss franc, Grexit) from the ones with lasting impact on global equities.
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