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Prepare for HIPs or prepare to fail

Brokers have been warned that if they fail to prepare for Home Information Packs they must be prepared to fail once they become mandatory. Alan Dring, sales director at eConveyancer, says now is the time for brokers to look at the choice of HIP providers and get their strategies in place.

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Sesame slashes packager panel

Sesame has conducted a massive cull of its packager panel, cutting the panel from 53 to just 17.Sesame says the decision to reduce the number on its panel was made when the number of packagers working with it became unmanageable.Paul Wignall, product manager for mortgages at Sesame, says: Six months ago we had relationships with […]

Hips could be the holy grail for mortgage lenders, says AHIPP

Home Information Packs could prove the Holy Grail for mortgage lenders who should be looking at opportunities to combine Home Condition reports and Automated Valuation Models to deliver faster services for the consumer, says the Association of Home Information Pack Providers. For a long time consumers have been faced with numerous delays when purchasing a […]

AMI appoints new board member

The Association of Mortgage Intermediaries has appointed Tony Jones, managing director of Pink Home Loans, to its board of directors.AMI is the sole trade body for professional mortgage intermediaries and its objective is to represent its members and influence the nature and shape of regulation and policies that affect mortgage intermediaries.Jones has over 25 years […]

Sub-prime deals from Pink

Pink Home Loans has launched a range of products aimed at clients with impaired credit histories. Funded by Platform, the products offer borrowers assistance with legal fees as well as free valuations. With purchase mortgages, clients will receive 200 cashback and free valuations while clients wanting to remortgage have the choice of free legals provided […]

India Election Update

What a difference six months makes. Speaking in September last year, we had warned of ‘excessive pessimism’ afflicting the market’s perception of India. Since then, responsible central bank policy from the Reserve Bank of India (RBI), alongside improving global growth, has meant that India’s macro environment is strengthening quickly. The current account deficit has shrunk, inflation is falling and the government has embarked on a heavy dose of much needed fiscal consolidation. As a result, the rupee has been one of the strongest global currencies this year while the market has touched all-time highs, rallying by more than 20 per cent (GBP) since September. This begs the question: are we now in a period of ‘irrational exuberance’? Not yet.

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