View more on these topics

AHIPP welcomes “pragmatic” regulations

The Association of Home Information Pack Providers welcomes pragmatic government regulations on HIPs.

Mike Ockenden, director general of AHIPP, says: The regulations offer clarification and industry wide reassurance that HIPs will happen on the June 1 this year there is no going back.

I welcome these regulations, which have introduced a series of sensible and pragmatic steps to support the smooth implementation of HIPs taking on board industry recommendations and concerns.

We will continue to work closely with the government and relevant stakeholders to ensure a seamless and effective introduction of HIPs, for the benefit of the consumer.

Recommended

Finance arm rebranded

Spicerhaart has rebranded its financial subsidiary Mortgages Direct to Spicerhaart Financial Services. The renaming will bring the organisation into line with the company’s estate agency branches. The financial arm will continue to operate within the 250 branches, adopting the branch name from each of the brands – haart, Felicity J Lord, SpicerMcColl or Darlows.

Marketwatch

Sadly, swaps rose for the second week in a row so the prospect of cheaper fixed rates is slipping away. It’s been quiet on the rate front for several months. We’ve seen the occasional tweak up and down but nothing major.

Shadow MPC

The first Mortgage Strategy GE Money Home Lending Shadow Monetary Policy Committee met last week. Each month, our hand-picked panel of industry experts will discuss the market factors they think will influence the Bank of England’s base rate decision. Will it go up or down or stay the same? Read on…

THIS MONTH’S DECISION: HOLD.

Tory move to put mutuals on a more equal footing

A Conservative parliamentary backbencher is petitioning for a change to funding limits legislation that currently hampers societies’ mortgage lending potential if the market changes.

Newsletter

News and expert analysis straight to your inbox

Sign up