From Alan DringIn the wake of the Association of Mortgage Intermediaries chairman John Gummer’s “load of rubbish” comment about HIPs I was encouraged by Stephen’s Knight’s letter in the May 29 issue of Mortgage Strategy. Nobody has anything to gain from seeing HIPs fail. All that will result from that is confusion and yet more lack of confidence in the industry on the part of consumers. I can’t speak for all HIP providers but I’m confident most would agree with Knight’s comments that we have to know as much as possible about the effect of HIPs on the market ahead of their launch. When it comes to the supply of second-time buyer properties, I think the effect of the packs will be determined by the quality and the focus of the consumer education programme that gets underway in September – too late in my opinion. If HIPs speed up the house buying and selling process and reduce needless costs consumers will see their introduction as worthwhile. Alan DringSales director eConveyancer By email
Cammy Amaira is to quit as sales director at GE Money Home Lending to join Intelligent Finance. He will join IF in the role of director of sales. Amaira resigned as head of sales at Mortgage Express in July 2005, and it had been widely expected that he would only stay at GE until his […]
As central banks around the world edge interest rates upwards and concern builds that the US Federal Reserve will follow suit, the consensus of opinion is that UK interest rates will finish the year higher than they are now.
The Home Buyer System can protect networks and appointed representatives from falling foul of the FSA but can also be adapted for use by directly authorised brokers, says Frank Eve
The failure of the widely predicted housing market downturn to materialise has served to spur more households to trade up to larger properties rather than encourage first-time buyers, according to the Royal Institution of Chartered Surveyors.
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