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Brokers split on worries about HIPs

Brokers gave a mixed reaction to last week’s question, with 56% saying they are worried about the impact of Home Information Packs against a sanguine 44%. But the Association of Mortgage Intermediaries has just launched a fact sheet on HIPs and warns that firms need to consider the implications that they could have for their business.

This week, Mortgage Strategy asks: “Should Inheritance Tax be scrapped in the next Budget?”

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SIPPs will boost buy-to-let market

Self-invested pension plans reforms will boost buy-to-let but intermediaries do not feel sufficiently informed to advise on them, says Mortgage Trust. Mortgage Trusts November buy-to-let intermediary forecast reveals intermediaries are predicting the reforms allowing residential property to be held in a SIPP will boost the buy-to-let market. Almost 50% of intermediaries surveyed believe SIPP reforms […]

RICs welcomes HIP summer 2007 launch

The Royal Institution of Chartered Surveyors has welcomed the news that Home Information Packs will go live on June 1st 2007. Jeremy Leaf, spokesperson for RICS, says: “The announcement of the go-live date will give certainty to the market and is a clear call to action for the industry. We now have a firm date […]

Internet Insite

Mortgage Strategy’s weekly guide to what’s hot and what’s not on the web. Kevin Paterson takes a look at lender websites, working his way from A to Z

Average values

Moneynet’s mortgage research data for October shows the average property value was 208,333. It also shows the average value of a property for a first-time buyer was 194,925, The average mortgage amount required was 139,982 for a 67% LTV, with first-time buyers looking for an average mortgage amount of 133,947 at 69% LTV.

taxes

Out from the long grass? An IT and NI merger

Those with a long memory will recall that at the start of the last parliamentary term George Osborne announced his intention to merge income tax (IT) and national insurance (NI).  Headline grabbing as the initiative was, the reality of the complexities, challenges and costs of such a move resulted in this idea being kicked into the political long grass.

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