From Nigel PammentI read with interest the letters pages in the June 5 issue of Mortgage Strategy and especially the contributions from Louise Hanson of Which? and James Town of Mortgage Decisions, giving their differing views on Home Information Packs. I am not the most knowledgable person when it comes to HIPs but our conveyancer is offering them and we intend to take advantage of its service. I tend to agree with the views of Town and think the HIP implementation process may not go smoothly. I laughed out loud at Hanson’s comments to the effect that HIPs are need-ed by consumers. Has anyone asked consumers? Which? jumps on any bandwagon that is commonly perceived to be in the interests of consumers until it all goes belly up. Why doesn’t it wait until HIPs are tried and tested in, say, 18 months’ time before advertising itself as a consumer crusader on this point? If HIPs go belly up and are shown not to be working Which? will be the first organisation to criticise them and exercise a quick change of mind. I believe we should try this idea out and if it doesn’t work, try something else. And anyway, there are more important issues to resolve at the moment such as getting the government to raise thresholds on Stamp Duty, Inheritance Tax and Capital Gains Tax. Nigel PammentSenior holistic planner Inspirational Financial Management Huddersfield
- Top trends
Abbey’s annual Rent vs Buy report shows that owners are still better off than renters by an average of 24,372 per year.
Nearly twice as many people would be likely to apply for a mortgage online if they could be sure they were getting the cheapest deal available, reveals research from Direct Line Mortgages. With almost 80% of respondents to Direct Lines first online mortgage index anticipating that online mortgages will become more popular, the direct mortgage […]
It’s easy to lose sight of the requirements of regulation in the equity release market.
Knight Funding is extending its flat rate 49 application fee and no valuation fee offer by three months to September 30 on all applications for Platform products excluding prime. Applicants would normally pay an application fee linked to the value of the property with a minimum charge of 200. The extension of Knight Fundings application […]
By Ewan McAlpine, Senior Client Portfolio Manager In uncertain times, investors naturally seek safety. But in fixed income markets, what does that really mean? Ewan McAlpine outlines the approach RLAM’s Fixed Income Team will be adopting across its credit funds in response to potentially volatile markets this year. Click here for full article
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