It could be costly to become a home inspector as the inclusion of Home Information Packs becomes a mandatory part of selling a house.Nigel Hoath, director of United Surveyors, says that with thousands of inspectors needed to complete the Home Condition Report section of the HIP, many chartered surveyors and brokers may be considering training to do the job. But a stumbling block could be the higher costs of indemnity. Hoath says: “It’s going to be an expensive business getting indemnity for inspectors, especially those who were not chartered surveyors before as they will not have any history to go on. This is something the industry must seriously think about.” Hilary Wilkins, chief operating officer at PI firm PYV, says: “PYV is accredited in relation to the scheme it has arranged for approved inspectors. We are aware of the risks associated with HIPs, and are therefore already working on behalf of professional bodies on an innovative solution.”
- Top trends
em- international is to launch a semi exclusive product for the Spanish market at the Mortgage Business Expo. It will be interest only for the first ten years then fifteen years repayment thereafter.Roger Morris, managing director at em-, says: By UK measure this may not seem like a big deal, however for the Spanish market […]
A business card is likely to be the only piece of literature a client keeps so it is surprising how little attention brokers pay to its design and content, says Payam Azadi
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
means more brokers can see the benefits of loans for clients, it will be good for everyone.” Simon Mouncher, operations director at em-financial, says the regulation of the second charge market by the Financial Services Authority would benefit consumers as well as brokers. He says: “First and second charge lending share a similar market and […]
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.
News and expert analysis straight to your inboxSign up