View more on these topics

HIPs are doomed and this discredited, naive government should drop them now

From Trevor Kent

The welcome call from the Council of Mortgage Lenders – a body that both Blair and Brown take notice of – to abandon Home Information Packs is timely indeed.

Only last month the Royal Institution of Chartered Surveyors said just about the same thing and the National Association of Estate Agents has been brave enough to say it for years.

The Department of Communities and Local Government has just disbanded its stakeholder group of industry advisers, no doubt because the DCLG doesn’t want to hear any more ‘drop HIPs’ advice.

The dry runs to test HIP implementation in six English towns appear to be doomed before they start this month, with estate agents refusing to give their support.

What should be the final nail in the coffin was the admission by the DCLG that its MORI/BRE baseline study of 3,000 estate agents’ sales in May and June had been a fiasco, with participants only numbered in hundreds. Thus legislators will not have a reliable picture of the market prior to HIPs to judge whether the packs are improving things or not.

Someone in the government needs to take this doomed initiative by the scruff of the neck and kill it off quickly before more millions are wasted by business. But it will be too late for individuals who have in some cases sunk their life savings into preparing for HIPs. They have suffered from the political incompetence and business naivete of a discredited government.

Trevor Kent
Trevor Kent & Co
Gerrards Cross


FSA to slash rulebook in half

The Financial Services Authority has pledged to cut its rulebook in half to make rules easier to understand in line with its principles-based approach. The FSA will remove around half the content of the Conduct of Business rulebook and launch NEWCOB at the same time as implementing provisions of the Markets in Financial Instruments Directive. […]

Network Data looks to sell mortgageLink

Network Data has admitted it is looking to sell its mortgageLink sourcing system and is in talks with several companies. Following its flotation on the Alternative Investment Market earlier this year, the network is taking a fresh look at its business and whether or not it makes sense to retain mortgageLink. Richard Griffiths, managing director […]

Hamptons warn against mortgage hangovers

Hamptons Mortgages has issued a warning to consumers not to be seduced by attractive headline mortgages rates that come with extended early redemption charges and a commitment to stay on the standard variable rate for a fixed period. Hamptons explains that lenders often offer extremely low initial rates. However, these often come with conditions and […]

Government launches National Housing and Planning Advice Unit

The government has launched a National Housing and Planning Advice Unit to provide independent advice on improving housing market affordability.The Unit will help strengthen the housing market evidence base and analysis currently available to the regional planning bodies. This will help to ensure that new homes identified in regional plans have a positive impact in […]

Recording sickness absence cover - thumbnail

White paper — recording sickness absence

The latest figures from the Department for Work and Pensions illustrate that sickness absence is still a major cost to businesses, with an annual bill for sick pay and associated costs to employers of £9bn. This paper from Jelf Employee Benefits looks at the importance of recording sickness absence for any employee health strategy and how this can be carried out in an efficient manner to reduce absence, improve employee engagement and drive up profits.


News and expert analysis straight to your inbox

Sign up