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Former NAEA president rallies industires against HIPs

Trevor Kent, former president of the National Association of Estate Agents, is calling for a meeting of all of those in the property sales industry to present any problems concerning the introduction of Home Information Packs to the government.

Kent says: “As of this moment there are just 94 working days before the government is set to foist upon an unwilling industry the most ill-conceived, ill-researched and ill-tested change to property sales law and practice that England and Wales has ever experienced.

“We, as estate agents representing our clients, will as of June 1 face fines of £200 if a property is placed on the market without a totally unnecessary HIP.

“Sellers will have to pay between £400 and £1000 for HIPs, and will be immediate law-breakers if they advertise their homes without one. The government have singularly failed to convince the industry, even those supporting HIPs, that targets have been reached. To continue this folly will lead to property market melt-down of un-dreamt of proportions.

“I call upon the council to authorise the NAEA to immediately instigate and host a crisis meeting of all the associations, organisations, representative bodies and influential individuals in the wider property sale, conveyancing, surveying and financing industries.

“And that the meeting shall, if felt appropriate, draw to the government’s attention by way of delegation to No 10 Downing Street, the disaster about to fall upon the housing market and the wider economy should HIPs be introduced as currently scheduled.”


IF acts on base rate rise

Intelligent Finance is moving its SVR mortgages up to 6.65% from 6.30% which it says will ensure it remains a top four player in terms of competitive SVRs available.It will also pass on the Bank of England’s 0.25% base rate rise to its savings and ISA customers.IF’s tracker offset mortgages will start with rates of […]

I found the meaning of property value in Florida

From Dave RogersI think it uncharitable of Mole to suggest that David Bennett is a tight-wad for holidaying with easyJet (Mortgage Strategy January 8). I am sure Bennett is equally frugal when travelling on business at shareholders’ expense. Unless, of course, Mole knows different. On another matter, I’ve just returned from Florida. Despite my lowly […]

First And Last

Our first home was a modern-style three-bedroom terrace in North London. We bought it in the days before competition revolutionised the mortgage market, when even saving for 10 years with your local society didn’t guarantee you a mortgage. Having been let down by our local lender, Halifax agreed to provide most of the finance with […]

Guarantees in the retirement income market

Lorna Blyth, Royal London  Do guarantees benefit customers and, if so, when? To answer this conundrum we commissioned Millimans, a global actuarial consulting firm, to conduct an independent review of the UK retirement income market and whether guarantees really do offer customers better value for money. The brief The study was one of the most comprehensive undertaken […]


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