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NHBC teams up with MDA for HIPs

MDA Advantage, a home information pack provider and NHBC, a warranty and insurance provider for new homes, are to work together, developing Home Information Packs.

New and newly converted properties will require a HIP on June 1 2007, including a number of documents not required for existing properties.

Martin Willard, managing director at MDA Advantage, says: Working with NHBC ensures that we are jointly able to supply their builder and developer partners with appropriate and compliant home information packs.

Imtiaz Farookhi, chief executive, at NHBC, says: Homeowners can be confident that NHBC will continue to provide the same high levels of expertise which already back its world-leading Buildmark warranty in the new field of HIPs.

More than 20,000 builders and developers are registered with NHBC which covers more than 80% of new homes under its Buildmark warranty and insurance.


Lenders rapped for ageism

Lenders have been slammed by Victoria Mortgages for continuing to discriminate against borrowers on the basis of age.Last week Advantage revealed that it was joining Victoria in scrapping maximum age limits on its sub-prime range to allow people to take out mortgages despite being aged over 65 at completion.But while Victoria welcomes Adv-antage’s move it […]

Time we all stood up to the industry bullies

It is not very often that I have to issue health warnings to intermediaries, but a couple of situations have arisen this week that force me to do so. My warning is to choose product provider partners with care.

This move by Paymentshield seems to smack of despair

From Paul Thompson I read about Eddie Royce’s treatment by Paymentshield with great interest. I can’t believe that Paymentshield has terminated the payment of trail commissions to brokers when they close their agency or retire. It seems like commercial suicide. After years of promoting its products on the basis that brokers can build up a […]

Heritable Bank launches new products

Heritable Bank has launched two new products, one for residential single property development finance and another for short-term mortgage lending.Heritable Bank will allow up to 100% of build or refurbishment costs to be made available. All of the features are subject to a successful demonstration of affordability rather than being based on income multiples.Colin Stevens, […]

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Has Britain really stopped saving?

By Steve Webb, Director of Policy and External Communications Our latest policy paper reveals what the fall in the savings ratio does (and doesn’t) mean In June 2017, the Office for National Statistics published its estimates for the ‘savings ratio’ for the first quarter of 2017. This is essentially a measure of the percentage of […]


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