The Council of Mortgage Lenders is urging the government to deliver Energy Performance Certificates at the point of completion in the house buying process rather than when a property is marketed.EPCs are cited as one of the main driving forces behind Home Information Packs. Housing minister Yvette Cooper has repeatedly argued that by implementing HIPs in 2007 the UK will be one of the first countries to comply with the EU requirement for all properties to be sold with an energy efficiency rating. However, in its recent newsletter, CML spokesman Bernard Clarke says: “There is no intrinsic reason why an EPC is needed before a property is marketed. Although producing the energy rating at the point of marketing was a convenient form of delivery while HCRs were envisaged as compulsory, this policy can now be revisited.” Michael Gove, shadow minister for housing and planning, agrees that delivering an EPC and local authority search at the point-of-sale would be “cheaper and less bureaucratic”. It would also rule out the need for a HIP before a property is marketed – one of the factors concerning industry experts as potentially upsetting the housing market. Jeff Knight, director of marketing at GMAC-RFC, says: “An EPC at the point of completion rather than marketing wouldn’t have such an impact on speculative sellers and wouldn’t distort the market as much as is feared.” However, Trevor Youens, operations director at The Live Organisation, says: “If by changing the rules to allow for the HIP to be provided upon sale rather than when marketing a property, the government will have performed another U-turn and added to the argument that it has lost control of what it is doing in relation to HIPs.”
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Mortgage packager em- has launched a new semi-exclusive range of non-conforming and near prime commercial products through em-commercial. These products are dedicated to the growing Northern Ireland market and are being launched in association with Commercial First Northern Ireland.Both ranges should gain interest from brokers across the area with the non-conforming offering up to 75% […]
When you think about comebacks, the likes of Duran Duran might spring to mind, or Take That – without Robbie of course – but in the world of financial services, Jim Spowart is surely the unchallenged king of reinvention.
At the first-time buyer summit held by the Conservative party today, Alliance & Leicester says first-time buyers are the lifeblood of the mortgage market.Stephen Leonard, director of mortgages at Alliance & Leicester, says: As house prices continue to go up and with the increase of existing homeowners buying second homes, more and more young people […]
Landlords should beware third-rate letting agents, warns risk consultant Leaseguard. Mairi Scott, managing director of Leaseguard, says too many landlords get caught out by thinking they can just appoint a letting agent, hand over the keys and sit back and wait for the money to roll in.
Health Shield has strengthened its position in the UK health cash plan market by increasing its market share by income from £27m in 2012 to £29m in 2013, according to the latest Health Cover UK Market Report from Laing & Buisson.
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