HBOS, which owns the estate agency, is the second mainstream lender after Nationwide to choose LMS to provide it with the packs. LMS will provide branded packs to Halifax Estate Agents branches in England and Wales.
Dominic Toller, director of marketing and new business at LMS, says: “We believe this is the biggest HIP contract in the market. It’s great that one of the biggest corporate estate agents in the country has made this statement. We are hoping that lenders, brokers and packagers will now begin to take HIPs seriously.”
Paul Offley, HIP programme manager at Halifax Estate Agents, says: “We will be working closely with LMS to develop our HIP capability and ensure customers receive the high quality service they have come to expect from us.”
Nationwide says that it anticipates more lenders will be following its lead and offering HIP services.
A spokeswoman for Nationwide says: “More players in the HIP market will make it more competitive and drive down the cost of the packs for consumers.”