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The best of the comments from Mortgage Strategy online

Home Information Packs are to be scrapped:
“About time. I have found some HIPs to be unreliable so let’s see them scrapped immediately. The next step for this government is the reversal of housing benefits being paid to tenants, with landlords paid directly instead. This would encourage landlords to accommodate such tenants.”

The Financial Services Authority could survive:
“That’s a shame. I was looking forward to the expense of changing the details of the regulator on all our letterheads, brochures and business cards.”

Grant Shapps appointed as housing minister:
“Nobody will even realise he’s there until he upsets an influential group of NIMBYs. It just goes to show how far down housing is in the pecking order.”

Number of mortgage products available to brokers stayed relatively flat in April:
“Why do commentators keep banging on about the number of products, claiming that the less than 5,000 now available is great news when there were more than 35,000 in 2007? And anyway, it’s not thenumber available that’s important – it’s whether lenders are lending on them. The evidence suggests they are not.”


Dump HIPs now, urge estate agents

Estate agents have urged the new government to act quickly on its plan to scrap Home Information Packs. The agreement drawn up between the Conservatives and the Liberal Democrats reveals plans to dump HIPs while keeping Energy Performance Certificates. Peter Bolton King, chief executive of the National Association of Estate Agents, says: “It is vital […]

Funding gap could restrict lending for five years

Mortgage lending could remain subdued for up to five years as lenders grapple with a £300bn funding gap, a Council of Mortgage Lenders adviser has warned. Speaking at the CML’s annual conference on funding affordable housing in London last week, Rob Thomas, senior policy adviser at the CML, highlighted the severity of the sums lenders […]


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