From Dave RogersThe implementation of HIPs is a year off and the scaremongers have emerged from under their stones to tell us how it’s all going to go belly up. But a year after the implementation we will look back and remember the days when any old chancer put their house on the market, knowing it would cost them nothing, just to test the water at a wholly unrealistic price. There may be a rush to sell before HIPs are introduced and falling house prices may follow. I imagine my local rag will be gutted (to use journalistic parlance) at the revenue lost by estate agents when they only have half the number of houses to sell. The effect will be that the last 16 pages of the newspaper will no longer be the sole domain of estate agents. If someone is serious about selling their house a HIP will help. Prospective buyers will be better informed and less likely to pull out of the deal on a whim. Dave Rogers, Intermortgage, Exmouth
Gordon Brown has celebrated the invaluable contribution of the Muslim community and put forward an ambition to make Britain the global gateway to Islamic finance and trade. Speaking at the Islamic Finance and Track Conference in London, the chancellor of the exchequer thanked the Muslim community for their enormous contribution to the British economy. He […]
From Thomas Reeh Isabelle Kassam has been at it again – using tabloid hysteria to drum up yet another controversy with her attack on sub-prime mortgage brokers and lenders (Mortgage Strategy June 5). It worries me when journalists use phrases like “I wonder” and “I suspect” – it sounds like code for “I don’t know […]
From Johnathon Godfrey There is a practice creeping into our industry which is perpetrated by lenders in an attempt to exclude commission-based brokers from accessing their best mortgage products. The implications of this practice are far reaching and could result in compliance issues and mis-advice cases being raised. The products I am referring to are […]
Packagers have dismissed Michael Bolton’s attack on the packager market as a “joke” and say he is talking rubbish. Speaking exclusively to Mortgage Strategy last week, Bolton said that the packager market was the “clear loser of mortgage regulation” and remains “as grey today as before Mortgage Day”. But John Mawdsley, joint director of The […]
Health Shield has delivered the strongest organic growth in the UK health cash-plan market for the third year running, according to a report from Laing & Buisson.
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