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Industry professionals vote in favour of HIPs

Over two thirds of industry professionals voted in favour of adapting
rather than scrapping Home Information Packs at the Land Data Great Housing Market Debate, hosted by The Wriglesworth Consultancy, earlier this week.

When asked the question: Should we adapt or scrap HIPs? an overwhelming
majority of the audience, which comprised of over 150 housing industry
professionals, ranging from estate agents to mortgage lenders and
property investors, voted in favour of adapting the current offering.

This sentiment, which was supported by the panel, including MPC member
Kate Barker and Michael Coogan of the CML, should send an important
message to Tory policy makers.

Mike Ockenden, director general of the Association of Home Information Pack
Providers, says: “I am delighted to see that the industry is now taking a more united approach towards HIPs.

“While I do not deny that further amendments may need to take place before the HIP reaches its full potential, what this week’s vote suggests, and what the Tory party should now recognise, is that there is an appetite within the industry to now work together to improve the current offering.

“HIPs aren’t perfect, but scrapping them entirely would set us back years – instead, lets work with what we have to make improvements and advance the HIP for the advantage of all involved.”


Brokers offered free legal facility

The Guardian Group last week launched a free online legal service giving brokers access to a panel of lawyers who can act on behalf of their clients.

Lenders must grant 90% LTV if house prices are to go up

Demand for property is not weak. Lenders are restricting the availability of funds, so purchasers are not able to obtain mortgages at reasonable interest rates for loans that are more than 75% LTV.

Inflation falls below zero

For the first time since March 1960, annual inflation measured by the Retail Prices Index – which includes housing costs such as mortgage interest payments and council tax – fell below zero to -0.4%.

Naming a reward programme

Six tips to get your reward programme name right

by Debra Corey, group reward director  Choosing a name isn’t easy. Whether it’s for your new puppy, a bundle of joy or your reward programme, a name determines a first impression – and often a lasting memory. When it comes to your reward programme, the name will determine how your employees feel about it even before […]


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